MARA Options History — December 2015

In December 2015, MARA traded between $22.24 and $30.88. ATM implied volatility averaged 157.4%, placing in the 59.9% IV rank vs the trailing year. The 30-day expected move averaged 44.6%. IV traded above realized volatility by 50.8% (HV 20d: 106.5%). 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 5 of 22 days. Put/call ratio averaged 0.18.

Notable Days

2015-12-17: Highest Volume — 32 contracts
2015-12-03: Largest IV spike — 100.2% change
2015-12-21: Highest IV Rank — 86.6%
2015-12-21: Largest Expected Move — 64.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.51	$22.24	$30.88	$29.28	$25.60
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	157.4%	88.1%	223.3%	108.7%	186.7%
Expected Move	44.6%	25.3%	64.0%	31.2%	53.5%
HV 20d	106.5%	79.9%	125.2%	117.2%	106.0%
HV 60d	83.8%	78.4%	94.6%	78.4%	94.1%
IV Rank	59.9%	31.9%	86.6%	40.2%	71.8%
IV Percentile	78.7%	12.2%	98.8%	32.9%	94.9%
Term Structure	-15.4%	-76.3%	34.5%	17.7%	-20.4%
Bid-Ask Spread %	162.38	139.10	181.22	168.24	167.11
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	70	18	136	81	78
Net DEX	-7.9K	-22.0K	7.9K	-3.2K	-20.7K
Net VEX	-46	-80	-6	-43	-80
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.18	0.00	0.79	0.00	0.05
Total Volume	16.955	2	32	2	15
Total OI	40.955	19	67	42	21

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
2015-12-01	$29.28	$40.00	108.7%	31.2%	117.2%	40.2%	0.0%	0.0%	17.7%	81	-3.2K	-43	0.00	168.24	N/A	N/A	2	0	39	3
2015-12-02	$30.08	$40.00	88.1%	25.3%	117.4%	31.9%	0.0%	0.0%	34.5%	83	-1.6K	-43	0.79	158.58	N/A	N/A	4	3	39	3
2015-12-03	$29.44	$0.00	176.3%	36.5%	117.7%	67.6%	0.0%	0.0%	-3.6%	76	-2.7K	-41	0.79	139.10	N/A	N/A	4	3	39	3
2015-12-04	$30.88	$0.00	156.6%	33.9%	118.7%	59.6%	0.0%	0.0%	-13.2%	92	-1.5K	-44	0.79	142.00	N/A	N/A	4	3	39	3
2015-12-07	$28.48	$0.00	92.4%	38.4%	122.5%	33.6%	0.0%	0.0%	-26.7%	73	-3.3K	-41	0.00	155.38	N/A	N/A	13	0	39	3
2015-12-08	$26.56	$0.00	111.5%	0.0%	125.2%	41.3%	0.0%	0.0%	0.0%	36	-2.4K	-29	0.21	170.63	N/A	N/A	16	3	52	3
2015-12-09	$25.92	$0.00	153.3%	43.9%	120.1%	58.3%	0.0%	0.0%	-30.0%	62	-1.3K	-36	0.21	153.11	N/A	N/A	16	3	52	3
2015-12-10	$26.40	$0.00	151.6%	43.5%	119.6%	57.6%	0.0%	0.0%	-30.6%	63	-1.4K	-38	0.21	167.18	N/A	N/A	16	3	52	3
2015-12-11	$27.04	$0.00	148.8%	42.7%	115.3%	56.5%	0.0%	0.0%	-30.8%	67	-1.3K	-39	0.15	153.20	N/A	N/A	22	3	52	3
2015-12-14	$25.60	$0.00	167.6%	48.0%	113.3%	64.0%	0.0%	0.0%	-39.1%	41	-3.1K	-40	0.15	153.11	N/A	N/A	22	3	58	3
2015-12-15	$24.32	$0.00	155.4%	0.0%	114.9%	59.1%	0.0%	0.0%	0.0%	37	7.7K	-6	0.15	168.84	N/A	N/A	22	3	58	3
2015-12-16	$24.32	$0.00	184.8%	53.0%	95.3%	71.0%	0.0%	0.0%	-46.5%	84	-12.5K	-68	0.15	168.73	N/A	N/A	22	3	58	3
2015-12-17	$26.24	$0.00	156.8%	45.0%	98.8%	59.7%	0.0%	0.0%	-13.9%	71	7.9K	-11	0.12	168.59	N/A	N/A	29	3	58	3
2015-12-18	$27.36	$40.00	192.6%	55.2%	100.0%	74.2%	0.0%	0.0%	25.1%	20	-3.8K	-28	0.12	158.82	N/A	N/A	29	3	64	3
2015-12-21	$26.24	$40.00	223.3%	64.0%	84.4%	86.6%	0.0%	0.0%	-76.3%	104	-21.2K	-76	0.01	181.22	N/A	N/A	14	0	19	0
2015-12-22	$24.16	$40.00	159.6%	45.8%	84.5%	60.8%	0.0%	0.0%	0.0%	57	-22.0K	-49	0.02	170.76	N/A	N/A	14	0	19	0
2015-12-23	$26.08	$40.00	146.7%	42.1%	80.9%	55.6%	0.0%	0.0%	4.0%	136	-21.7K	-74	0.02	170.70	N/A	N/A	14	0	19	1
2015-12-24	$26.40	$40.00	147.5%	42.3%	79.9%	55.9%	0.0%	0.0%	2.4%	85	-21.8K	-68	0.02	143.28	N/A	N/A	14	0	19	1
2015-12-28	$22.24	$40.00	191.2%	0.0%	98.7%	73.6%	0.0%	0.0%	0.0%	93	-16.7K	-66	0.05	166.13	N/A	N/A	14	1	19	1
2015-12-29	$24.64	$40.00	184.8%	53.0%	106.7%	71.0%	0.0%	0.0%	-13.9%	88	-17.7K	-65	0.04	169.70	N/A	N/A	14	1	19	1
2015-12-30	$25.92	$40.00	177.5%	50.9%	106.7%	68.1%	0.0%	0.0%	0.0%	18	-9.7K	-35	0.05	177.92	N/A	N/A	14	1	19	2
2015-12-31	$25.60	$40.00	186.7%	53.5%	106.0%	71.8%	0.0%	0.0%	-20.4%	78	-20.7K	-80	0.05	167.11	N/A	N/A	14	1	19	2