MARA Options History — April 2016

In April 2016, MARA traded between $28.00 and $31.52. ATM implied volatility averaged 160.1%, placing in the 61.0% IV rank vs the trailing year. The 30-day expected move averaged 45.4%. IV traded above realized volatility by 108.5% (HV 20d: 51.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.21.

Notable Days

2016-04-01: Highest Volume — 15 contracts
2016-04-19: Largest IV spike — 42.0% change
2016-04-19: Highest IV Rank — 74.3%
2016-04-19: Largest Expected Move — 55.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.09	$28.00	$31.52	$31.52	$28.00
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	160.1%	126.8%	192.8%	163.9%	167.8%
Expected Move	45.4%	26.0%	55.3%	47.0%	48.1%
HV 20d	51.6%	41.5%	67.2%	67.2%	59.7%
HV 60d	62.4%	58.2%	65.4%	65.4%	62.2%
IV Rank	61.0%	47.5%	74.3%	62.6%	64.1%
IV Percentile	76.7%	48.6%	96.0%	81.5%	81.7%
Term Structure	-4.9%	-52.9%	111.4%	-4.5%	-15.4%
VWIV	153.2%	90.7%	196.0%	152.6%	149.8%
Bid-Ask Spread %	160.35	131.69	185.57	144.78	136.24
Gamma HHI	0.95	0.92	0.99	0.99	0.95
Net GEX	243	59	338	250	249
Net DEX	-43.8K	-50.0K	-12.8K	-45.5K	-42.3K
Net VEX	-152	-171	-58	-168	-137
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.05	0.29	0.05	0.28
Total Volume	7.143	4	15	15	4
Total OI	29.667	29	30	29	30

Daily Data (21 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
2016-04-01	$31.52	$40.00	163.9%	47.0%	67.2%	62.6%	152.6%	0.0%	-4.5%	250	-45.5K	-168	0.05	144.78	N/A	N/A	14	1	26	3
2016-04-04	$31.36	$40.00	146.0%	48.9%	55.5%	55.3%	165.3%	0.0%	-22.7%	234	-45.6K	-165	0.05	156.97	N/A	N/A	14	1	26	3
2016-04-05	$30.56	$40.00	175.5%	50.3%	53.6%	67.2%	164.0%	0.0%	-23.9%	232	-44.7K	-157	0.05	142.19	N/A	N/A	14	1	26	3
2016-04-06	$31.20	$40.00	175.0%	50.2%	49.2%	67.0%	166.5%	0.0%	-19.8%	234	-45.8K	-163	0.05	142.19	N/A	N/A	14	1	26	3
2016-04-07	$30.72	$40.00	145.9%	41.8%	48.5%	55.3%	148.4%	0.0%	0.4%	234	-45.0K	-160	0.05	146.60	N/A	N/A	14	1	26	3
2016-04-08	$31.04	$40.00	150.0%	26.0%	48.0%	56.9%	90.7%	0.0%	111.4%	169	-49.3K	-145	0.05	131.69	N/A	N/A	14	1	26	3
2016-04-11	$29.92	$40.00	169.2%	48.5%	49.5%	64.7%	155.0%	0.0%	9.6%	226	-43.7K	-155	0.29	135.18	N/A	N/A	3	1	26	3
2016-04-12	$30.72	$40.00	155.3%	44.5%	50.4%	59.1%	158.3%	0.0%	4.5%	254	-47.9K	-166	0.29	179.04	N/A	N/A	3	1	27	3
2016-04-13	$31.20	$40.00	156.8%	44.9%	48.4%	59.7%	156.9%	0.0%	2.8%	248	-50.0K	-163	0.29	180.08	N/A	N/A	3	1	27	3
2016-04-14	$30.40	$40.00	163.1%	46.8%	42.7%	62.2%	163.1%	0.0%	6.9%	230	-49.8K	-155	0.29	171.32	N/A	N/A	3	1	27	3
2016-04-15	$30.40	$40.00	174.4%	50.0%	42.7%	66.8%	174.4%	0.0%	-16.0%	236	-48.3K	-157	0.24	157.44	N/A	N/A	3	1	27	3
2016-04-18	$30.56	$40.00	135.8%	38.9%	41.5%	51.2%	140.2%	0.0%	14.1%	285	-49.3K	-162	0.28	181.05	N/A	N/A	3	1	27	3
2016-04-19	$29.28	$40.00	192.8%	55.3%	43.5%	74.3%	196.0%	0.0%	-52.9%	283	-42.7K	-163	0.28	151.27	N/A	N/A	3	1	27	3
2016-04-20	$28.16	$40.00	126.8%	36.3%	41.9%	47.5%	126.8%	0.0%	0.0%	59	-12.8K	-58	0.28	185.57	N/A	N/A	3	1	27	3
2016-04-21	$31.20	$40.00	142.4%	40.8%	53.8%	53.9%	142.4%	0.0%	-4.2%	338	-44.6K	-171	0.28	174.44	N/A	N/A	3	1	27	3
2016-04-22	$30.56	$40.00	151.1%	43.3%	51.9%	57.4%	149.8%	0.0%	-8.0%	313	-44.8K	-164	0.28	175.47	N/A	N/A	3	1	27	3
2016-04-25	$28.16	$40.00	167.6%	48.1%	58.5%	64.1%	0.0%	0.0%	-11.7%	244	-41.6K	-145	0.28	167.53	N/A	N/A	3	1	27	3
2016-04-26	$28.80	$40.00	164.0%	47.0%	59.1%	62.6%	0.0%	0.0%	-34.2%	271	-38.1K	-145	0.28	178.56	N/A	N/A	3	1	27	3
2016-04-27	$28.96	$40.00	167.5%	48.0%	59.2%	64.0%	0.0%	0.0%	-11.0%	256	-43.9K	-145	0.28	170.64	N/A	N/A	3	1	27	3
2016-04-28	$29.12	$40.00	171.2%	49.1%	59.4%	65.5%	0.0%	0.0%	-23.2%	254	-44.0K	-146	0.28	159.16	N/A	N/A	3	1	27	3
2016-04-29	$28.00	$40.00	167.8%	48.1%	59.7%	64.1%	0.0%	0.0%	-15.4%	249	-42.3K	-137	0.28	136.24	N/A	N/A	3	1	27	3