MARA Options History — October 2015

In October 2015, MARA traded between $27.20 and $32.00. ATM implied volatility averaged 120.1%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 34.5%. IV traded above realized volatility by 65.9% (HV 20d: 54.2%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.49.

Notable Days

2015-10-01: Highest Volume — 10 contracts
2015-10-07: Largest IV spike — 55.0% change
2015-10-22: Highest IV Rank — 49.1%
2015-10-08: Largest Expected Move — 40.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.62	$27.20	$32.00	$30.40	$27.36
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	120.1%	97.1%	153.4%	130.7%	110.7%
Expected Move	34.5%	28.8%	40.0%	37.5%	31.7%
HV 20d	54.2%	49.4%	59.5%	52.5%	51.8%
HV 60d	76.0%	72.6%	78.1%	76.9%	72.6%
IV Rank	41.3%	36.9%	49.1%	43.3%	41.0%
IV Percentile	37.3%	21.5%	71.9%	45.2%	35.8%
Term Structure	-26.2%	-54.3%	33.6%	33.6%	-27.5%
Bid-Ask Spread %	123.90	38.97	161.50	45.28	102.58
Gamma HHI	0.51	0.47	1.00	0.47	1.00
Net GEX	290	69	394	305	69
Net DEX	-17.2K	-32.8K	-1.6K	-17.2K	-1.6K
Net VEX	-126	-190	-45	-136	-45
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.45	0.53	0.45	0.53
Total Volume	9.091	0	10	10	9
Total OI	42.636	41	44	44	41

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2015-10-01	$30.40	$40.00	130.7%	37.5%	52.5%	0.0%	0.0%	0.0%	33.6%	305	-17.2K	-136	0.45	45.28	N/A	N/A	7	3	41	3
2015-10-02	$29.44	$40.00	133.9%	38.4%	51.1%	0.0%	0.0%	0.0%	21.4%	266	-17.5K	-131	0.45	38.97	N/A	N/A	7	3	41	3
2015-10-05	$30.40	$0.00	103.7%	35.2%	51.8%	0.0%	0.0%	0.0%	-54.3%	313	-18.2K	-134	0.00	121.32	N/A	N/A	0	0	41	3
2015-10-06	$31.84	$0.00	97.1%	34.0%	54.9%	0.0%	0.0%	0.0%	-37.9%	367	-20.6K	-154	0.45	121.03	N/A	N/A	7	3	41	3
2015-10-07	$31.04	$0.00	150.4%	34.5%	55.5%	0.0%	0.0%	0.0%	-18.7%	354	-21.2K	-158	0.45	124.90	N/A	N/A	7	3	41	3
2015-10-08	$32.00	$0.00	107.1%	40.0%	56.8%	0.0%	0.0%	0.0%	-16.0%	394	-32.8K	-190	0.45	148.41	N/A	N/A	7	3	41	3
2015-10-09	$32.00	$0.00	114.2%	39.2%	52.5%	0.0%	0.0%	0.0%	-33.7%	355	-22.9K	-156	0.45	117.96	N/A	N/A	7	3	41	3
2015-10-12	$31.84	$0.00	153.4%	35.1%	52.0%	0.0%	0.0%	0.0%	-50.2%	331	-20.3K	-139	0.45	123.88	N/A	N/A	7	3	41	3
2015-10-13	$30.40	$0.00	151.9%	34.3%	52.8%	0.0%	0.0%	0.0%	-44.3%	306	-19.6K	-133	0.45	120.63	N/A	N/A	7	3	41	3
2015-10-14	$30.24	$0.00	126.3%	36.2%	52.8%	0.0%	0.0%	0.0%	-45.7%	305	-18.7K	-132	0.45	120.42	N/A	N/A	7	3	41	3
2015-10-15	$30.40	$0.00	128.0%	36.7%	51.5%	0.0%	0.0%	0.0%	-15.6%	349	-22.2K	-150	0.45	122.44	N/A	N/A	7	3	41	3
2015-10-16	$30.88	$0.00	129.7%	37.2%	50.1%	0.0%	0.0%	0.0%	-46.5%	317	-18.8K	-133	0.45	123.05	N/A	N/A	7	3	41	3
2015-10-19	$30.40	$0.00	113.5%	32.5%	49.4%	0.0%	0.0%	0.0%	-17.9%	271	-14.8K	-113	0.53	139.89	N/A	N/A	6	3	38	3
2015-10-20	$27.52	$0.00	116.4%	33.4%	59.2%	43.3%	0.0%	0.0%	-32.0%	262	-14.8K	-115	0.53	161.50	N/A	N/A	6	3	38	3
2015-10-21	$28.00	$0.00	115.2%	33.0%	58.4%	42.9%	0.0%	0.0%	-32.4%	256	-14.9K	-109	0.53	141.14	N/A	N/A	6	3	38	3
2015-10-22	$28.80	$0.00	130.5%	37.4%	59.5%	49.1%	0.0%	0.0%	-32.1%	284	-15.7K	-119	0.53	147.24	N/A	N/A	6	3	38	3
2015-10-23	$28.48	$0.00	116.0%	33.3%	59.1%	43.2%	0.0%	0.0%	-34.0%	278	-14.9K	-113	0.53	152.31	N/A	N/A	6	3	38	3
2015-10-26	$27.52	$0.00	100.5%	28.8%	58.8%	36.9%	0.0%	0.0%	-21.2%	252	-13.5K	-106	0.53	153.84	N/A	N/A	6	3	38	3
2015-10-27	$27.20	$0.00	104.6%	30.0%	54.8%	38.6%	0.0%	0.0%	-23.0%	237	-13.0K	-103	0.53	151.45	N/A	N/A	6	3	38	3
2015-10-28	$27.68	$0.00	103.7%	29.7%	54.1%	38.2%	0.0%	0.0%	-23.7%	240	-11.9K	-99	0.53	127.81	N/A	N/A	6	3	38	3
2015-10-29	$27.84	$0.00	105.0%	30.1%	52.6%	38.7%	0.0%	0.0%	-24.9%	258	-13.8K	-103	0.53	119.72	N/A	N/A	6	3	38	3
2015-10-30	$27.36	$0.00	110.7%	31.7%	51.8%	41.0%	0.0%	0.0%	-27.5%	69	-1.6K	-45	0.53	102.58	N/A	N/A	6	3	38	3