MRVL Covered Call
Every out-of-the-money MRVL call expiring Oct 23, 2026, priced from the settled chain: what it pays, what it yields, and where the trade stops making money. The richest right now is the $235.00 strike at 7.4% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
MRVL covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $229.71 share price, not by delta — the published chain carries premiums and open interest, not greeks, and inventing a delta here would be inventing data. Premium is the bid/ask midpoint where both sides quote, otherwise the last trade. The chain artifact publishes the six nearest expirations, so this is the longest one listed — 36 days out. Annualising anything shorter than a week says more about compounding arithmetic than about the trade, so those cells stay blank.
| Strike | % OTM | Premium | Yield | Annualised | Break-even | If assigned | OI |
|---|---|---|---|---|---|---|---|
| $235.00 | 2.3% | $17.00 | 7.4% | 75.0% | $212.71 | 9.7% | 211 |
| $240.00 | 4.5% | $15.05 | 6.6% | 66.4% | $214.66 | 11.0% | 100 |
| $255.00 | 11.0% | $10.25 | 4.5% | 45.2% | $219.46 | 15.5% | 86 |
What the $235.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $229.71. Profit caps at $2,229.00 if MRVL finishes above $235.00; below $212.71 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $172.28 | $-40.43 | $-4,042.75 |
| $186.64 | $-26.07 | $-2,607.06 |
| $201.00 | $-11.71 | $-1,171.38 |
| $215.35 | +$2.64 | +$264.31 |
| $229.71 | +$17.00 | +$1,700.00 |
| $244.07 | +$22.29 | +$2,229.00 |
| $258.42 | +$22.29 | +$2,229.00 |
| $272.78 | +$22.29 | +$2,229.00 |
| $287.14 | +$22.29 | +$2,229.00 |
When a covered call fits MRVL
A covered call sells someone else the right to buy your shares at the strike. It pays you today and caps your upside there, so it suits a holding you are content to own flat and content to sell at the strike — not one you expect to run.
The premium is compensation for implied volatility. Rich implied volatility pays more, and usually pays more because the market expects a move; a high annualised number on a name about to report earnings is a warning as often as an opportunity. Check the MRVL expected move and the open-interest walls before assuming the strike is far enough away.
Full mechanics, assignment and rolling are in the covered call guide; to model a different strike or a multi-leg version, open the profit calculator with MRVL loaded.
Questions
- What does a MRVL covered call pay right now?
- The $235.00 call expiring Oct 23, 2026 (36 days out) collects $17.00 per share, 7.4% of the $229.71 share price, or 75.0% annualised if you repeat it.
- What is the break-even on a MRVL covered call?
- Selling the $235.00 call against stock bought at $229.71 breaks even at $212.71 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if MRVL closes above the strike?
- The shares are called away at $235.00. Total return is 9.7%: the premium plus the move from $229.71 up to the strike. Gains above the strike belong to the buyer.
More on MRVL
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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.