MARA Options History — November 2015

In November 2015, MARA traded between $21.76 and $29.28. ATM implied volatility averaged 123.3%, placing in the 46.1% IV rank vs the trailing year. The 30-day expected move averaged 38.3%. IV traded above realized volatility by 47.1% (HV 20d: 76.2%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.49.

Notable Days

2015-11-17: Highest Volume — 10 contracts
2015-11-13: Largest IV spike — 361.0% change
2015-11-13: Highest IV Rank — 96.5%
2015-11-10: Largest Expected Move — 73.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.30	$21.76	$29.28	$27.20	$27.84
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	123.3%	53.8%	247.8%	101.6%	116.1%
Expected Move	38.3%	15.4%	73.8%	29.1%	33.3%
HV 20d	76.2%	44.7%	116.1%	50.1%	115.9%
HV 60d	72.8%	65.5%	82.8%	72.6%	77.8%
IV Rank	46.1%	18.0%	96.5%	37.3%	43.2%
IV Percentile	49.0%	6.3%	99.3%	22.2%	47.4%
Term Structure	-13.8%	-128.4%	69.7%	67.3%	1.1%
VWIV	173.5%	173.5%	173.5%	173.5%	173.5%
Bid-Ask Spread %	138.09	75.82	166.65	143.31	166.65
Gamma HHI	0.88	0.53	1.00	0.53	1.00
Net GEX	125	7	345	340	21
Net DEX	-8.7K	-31.7K	8.1K	-31.6K	-8.1K
Net VEX	-61	-153	-1	-146	-27
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.00	0.56	0.53	0.56
Total Volume	6.55	0	10	9	0
Total OI	41.45	41	43	41	42

Daily Data (20 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
2015-11-02	$27.20	$0.00	101.6%	29.1%	50.1%	37.3%	0.0%	0.0%	67.3%	340	-31.6K	-146	0.53	143.31	N/A	N/A	6	3	38	3
2015-11-03	$27.52	$0.00	102.3%	29.3%	46.7%	37.6%	0.0%	0.0%	69.7%	345	-31.7K	-153	0.53	117.68	N/A	N/A	6	3	38	3
2015-11-04	$27.20	$0.00	107.7%	30.9%	46.3%	39.8%	0.0%	0.0%	57.9%	343	-29.9K	-144	0.53	129.80	N/A	N/A	6	3	38	3
2015-11-05	$27.52	$40.00	108.9%	48.7%	44.8%	40.3%	173.5%	0.0%	-70.0%	341	-30.0K	-142	0.53	129.28	N/A	N/A	6	3	38	3
2015-11-06	$27.20	$40.00	201.2%	57.7%	44.7%	77.7%	0.0%	0.0%	-107.1%	71	-3.1K	-44	0.00	157.32	N/A	N/A	0	0	38	3
2015-11-09	$27.20	$40.00	129.9%	51.4%	44.8%	48.8%	0.0%	0.0%	-81.8%	342	-31.4K	-136	0.00	123.53	N/A	N/A	0	0	38	3
2015-11-10	$24.64	$40.00	160.3%	73.8%	53.7%	61.1%	0.0%	0.0%	-128.4%	55	-2.2K	-37	0.53	136.32	N/A	N/A	6	3	38	3
2015-11-11	$25.60	$40.00	78.3%	22.4%	56.4%	27.9%	0.0%	0.0%	5.3%	7	8.0K	-1	0.53	106.46	N/A	N/A	6	3	38	3
2015-11-12	$23.52	$40.00	53.8%	15.4%	62.3%	18.0%	0.0%	0.0%	1.8%	54	-1.1K	-37	0.53	137.76	N/A	N/A	6	3	38	3
2015-11-13	$21.76	$40.00	247.8%	71.0%	65.4%	96.5%	0.0%	0.0%	-112.4%	41	-1.8K	-33	0.53	114.77	N/A	N/A	6	3	38	3
2015-11-16	$22.40	$40.00	136.3%	39.1%	67.4%	51.4%	0.0%	0.0%	-11.9%	44	-3.1K	-34	0.00	153.91	N/A	N/A	0	0	38	3
2015-11-17	$26.72	$40.00	193.2%	55.4%	89.3%	74.4%	0.0%	0.0%	-57.5%	32	8.1K	-3	0.50	158.62	N/A	N/A	7	3	38	3
2015-11-18	$27.52	$40.00	118.4%	34.0%	89.7%	44.2%	0.0%	0.0%	5.1%	64	-2.6K	-41	0.50	148.19	N/A	N/A	7	3	39	3
2015-11-19	$27.36	$40.00	121.6%	34.9%	89.1%	45.4%	0.0%	0.0%	-9.8%	67	-1.2K	-41	0.50	146.26	N/A	N/A	7	3	39	3
2015-11-20	$23.52	$40.00	137.1%	39.3%	103.6%	51.7%	0.0%	0.0%	-9.8%	48	-1.5K	-36	0.50	153.08	N/A	N/A	7	3	39	3
2015-11-23	$25.60	$40.00	112.9%	32.4%	108.3%	41.9%	0.0%	0.0%	17.3%	58	-3.0K	-40	0.00	146.73	N/A	N/A	0	0	39	3
2015-11-24	$28.32	$40.00	63.3%	18.2%	114.4%	21.9%	0.0%	0.0%	60.2%	73	-3.2K	-43	0.00	158.90	N/A	N/A	1	0	39	3
2015-11-25	$29.28	$40.00	78.0%	22.4%	114.8%	27.8%	0.0%	0.0%	40.7%	77	-2.6K	-43	0.56	157.33	N/A	N/A	6	3	40	3
2015-11-27	$28.00	$40.00	97.7%	28.0%	116.1%	35.8%	0.0%	0.0%	1.1%	71	-1.3K	-42	0.56	75.82	N/A	N/A	6	3	39	3
2015-11-30	$27.84	$40.00	116.1%	33.3%	115.9%	43.2%	0.0%	0.0%	0.0%	21	-8.1K	-27	0.00	166.65	N/A	N/A	0	0	39	3