MRVL wheel: cash-secured put & covered-call yields
Marvell Technology, Inc. Common Stock · Technology · $251.90 close on Sep 28, 2026
What the Sep 28, 2026 close says about MRVL
At 64.4% implied volatility, the options market is pricing a one-standard-deviation move of about $48.00 (19.1%) in MRVL by Oct 30, 2026, 32 days out.
Selling the $235 put (−0.32Δ) for $11.02 means assignment would leave a cost basis of $223.98, 11.1% below the $251.90 close.
The 81-day 0.30Δ put pays 1.8× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.344 vs $0.241).
At 0.30Δ on the Oct 30 expiry the put yields 4.69% on its strike and the call 3.33% on spot: puts pay 1.4× what calls do on MRVL this session.
Moving down to the $220 put (−0.21Δ) buys 6.0% more room below spot and keeps 55% of the 0.30Δ premium.
Open interest in the stored window totals 96,384 contracts; the largest single line is the $200 put expiring Dec 18 with 10,637 (11.0% of the window).
MRVL goes ex-dividend on Oct 9, 2026 ($0.06 declared), inside the Oct 30 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume MRVL ranks #41 of 441 names in our universe.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on MRVL
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $235 | −0.32 | $11.02 Sep 28 | $1,102.00 | $23,500 | 4.69% | 53.5% | $223.98 | 122 | 219 |
| 0.20Δ | $220 | −0.21 | $6.05 Sep 28 | $605.00 | $22,000 | 2.75% | 31.4% | $213.95 | 349 | 131 |
Snapshot #183 · session 2026-09-28 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $230 | −0.32 | $19.50 Sep 28 | $1,950.00 | $23,000 | 8.48% | 38.2% | $210.50 | 2,990 | 296 |
| 0.20Δ | $210 | −0.22 | $11.73 Sep 28 | $1,173.00 | $21,000 | 5.59% | 25.2% | $198.27 | 2,577 | 66 |
Snapshot #183 · session 2026-09-28 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on MRVL
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $285 | 0.30 | $8.40 Sep 28 | $840.00 | 3.33% | 38.0% | 16.47% | 187.9% | 124 | 13 |
| 0.20Δ | $305 | 0.20 | $5.44 Sep 28 | $544.00 | 2.16% | 24.6% | 23.24% | 265.1% | 160 | 7 |
Snapshot #183 · session 2026-09-28 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $320 | 0.29 | $12.32 Sep 28 | $1,232.00 | 4.89% | 22.0% | 31.93% | 143.9% | 3,604 | 32 |
| 0.20Δ | $350 | 0.21 | $8.30 Sep 28 | $830.00 | 3.29% | 14.8% | 42.24% | 190.3% | 1,740 | 57 |
Snapshot #183 · session 2026-09-28 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
MRVL volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 64.4%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- Ex-div Oct 9, 2026 · $0.06 declaredchecked Sep 28, 2026
- Open interest, stored window
- 96,384 contractssession 2026-09-28
- Largest open-interest line
- $200 put · Dec 18 · 10,637
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #41 of 441 optionable names by options volume
How these numbers are made
One end-of-day snapshot per session from a 15-minute-delayed feed. A premium is a contract’s last trade, used only if it printed that session, sits above intrinsic value and is in order with its neighbours; deltas are the feed’s own. Expiries are the first at least 30 and 60 days out, and nothing under 30 days is annualized. Not investment advice. Full methodology.
- We are building our own daily implied-volatility history (1 of 252 sessions so far); IV rank and percentile need a full year of it.
- Our data provider does not license announced earnings dates, and we do not publish estimates.
- Our data feed carries last trades, not live bid/ask quotes, so we cannot show a spread.