MARA Options History — June 2016

In June 2016, MARA traded between $38.56 and $45.92. ATM implied volatility averaged 60.8%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded below realized volatility by 7.2% (HV 20d: 68.0%). 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 8 of 22 days. Put/call ratio averaged 0.11.

Notable Days

2016-06-09: Highest Volume — 16 contracts
2016-06-02: Largest IV spike — 279.9% change
2016-06-02: Highest IV Rank — 89.9%
2016-06-06: Largest Expected Move — 55.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.45	$38.56	$45.92	$44.96	$44.32
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	60.8%	17.9%	232.5%	61.2%	34.6%
Expected Move	17.4%	5.2%	55.1%	17.5%	9.9%
HV 20d	68.0%	52.9%	77.2%	76.7%	57.3%
HV 60d	65.2%	63.6%	67.1%	65.7%	66.9%
IV Rank	18.1%	0.0%	89.9%	17.9%	7.2%
IV Percentile	11.0%	0.0%	99.2%	2.0%	3.6%
Term Structure	28.5%	-110.5%	169.7%	-110.5%	117.4%
VWIV	61.2%	61.2%	61.2%	61.2%	61.2%
Bid-Ask Spread %	177.74	115.75	196.34	185.46	183.56
Gamma HHI	1.00	0.98	1.00	1.00	1.00
Net GEX	940	16	4.3K	953	16
Net DEX	-45.4K	-97.6K	9.3K	-91.8K	-30.7K
Net VEX	-59	-108	-7	-73	-7
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.03	0.43	0.43	0.03
Total Volume	6.591	3	16	3	3
Total OI	16.727	7	27	27	7

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
2016-06-01	$44.96	$40.00	61.2%	17.5%	76.7%	17.9%	61.2%	0.0%	0.0%	953	-91.8K	-73	0.43	185.46	N/A	N/A	2	1	24	3
2016-06-02	$45.60	$0.00	232.5%	49.4%	74.9%	89.9%	0.0%	0.0%	-110.5%	1.2K	-75.4K	-108	0.24	157.12	N/A	N/A	3	1	24	3
2016-06-03	$44.32	$0.00	94.1%	12.8%	74.2%	31.7%	0.0%	0.0%	0.0%	140	-94.5K	-58	0.24	180.65	N/A	N/A	3	1	24	3
2016-06-06	$45.92	$0.00	61.1%	55.1%	71.2%	17.8%	0.0%	0.0%	-90.9%	384	-97.6K	-61	0.21	167.45	N/A	N/A	4	1	24	3
2016-06-07	$44.32	$0.00	87.5%	11.8%	74.8%	28.9%	0.0%	0.0%	-9.8%	1.4K	-81.2K	-91	0.20	194.85	N/A	N/A	4	1	24	3
2016-06-08	$44.16	$0.00	137.1%	39.3%	75.3%	49.8%	0.0%	0.0%	-15.4%	1.4K	-75.0K	-93	0.20	115.75	N/A	N/A	4	1	23	3
2016-06-09	$43.84	$0.00	32.5%	9.3%	75.9%	5.8%	0.0%	0.0%	0.0%	638	-86.5K	-65	0.05	178.56	N/A	N/A	15	1	23	3
2016-06-10	$43.52	$0.00	38.0%	10.9%	73.7%	8.1%	0.0%	0.0%	0.0%	423	-59.8K	-61	0.05	180.14	N/A	N/A	15	1	17	3
2016-06-13	$41.44	$0.00	41.3%	11.8%	77.2%	9.9%	0.0%	0.0%	2.3%	1.8K	-48.5K	-71	0.05	178.79	N/A	N/A	15	1	17	3
2016-06-14	$40.00	$0.00	43.1%	12.4%	68.8%	10.7%	0.0%	0.0%	77.8%	4.3K	-30.2K	-74	0.05	168.84	N/A	N/A	15	1	17	3
2016-06-15	$40.64	$0.00	21.2%	6.1%	67.1%	1.1%	0.0%	0.0%	114.3%	3.7K	-44.2K	-67	0.05	196.00	N/A	N/A	15	1	17	3
2016-06-16	$38.56	$0.00	40.3%	11.5%	66.3%	9.4%	0.0%	0.0%	-12.5%	492	9.3K	-7	0.17	194.37	N/A	N/A	5	1	17	3
2016-06-17	$40.16	$0.00	18.0%	5.2%	66.5%	0.0%	0.0%	0.0%	1.4%	1.1K	-45.7K	-59	0.17	196.02	N/A	N/A	5	1	16	2
2016-06-20	$40.64	$0.00	37.5%	10.8%	66.4%	8.5%	0.0%	0.0%	169.7%	158	-15.5K	-43	0.03	184.95	N/A	N/A	3	0	7	0
2016-06-21	$39.52	$0.00	118.5%	34.0%	67.5%	43.7%	0.0%	0.0%	111.9%	144	-16.6K	-52	0.03	164.34	N/A	N/A	3	0	7	0
2016-06-22	$41.60	$0.00	33.4%	9.6%	69.4%	6.7%	0.0%	0.0%	14.1%	760	-23.2K	-41	0.03	177.63	N/A	N/A	3	0	7	0
2016-06-23	$43.04	$0.00	28.5%	8.2%	70.0%	4.5%	0.0%	0.0%	0.0%	154	-20.5K	-53	0.03	188.20	N/A	N/A	3	0	7	0
2016-06-24	$40.80	$0.00	17.9%	0.0%	52.9%	0.0%	0.0%	0.0%	0.0%	847	-17.0K	-57	0.03	187.37	N/A	N/A	3	0	7	0
2016-06-27	$40.00	$0.00	33.9%	9.7%	53.1%	6.9%	0.0%	0.0%	117.4%	162	-15.8K	-48	0.03	196.34	N/A	N/A	3	0	7	0
2016-06-28	$42.72	$0.00	83.9%	0.0%	58.5%	28.7%	0.0%	0.0%	0.0%	286	-17.8K	-53	0.03	167.05	N/A	N/A	3	0	7	0
2016-06-29	$43.84	$0.00	41.0%	11.8%	57.5%	10.0%	0.0%	0.0%	0.0%	208	-20.0K	-55	0.03	166.93	N/A	N/A	3	0	7	0
2016-06-30	$44.32	$0.00	34.6%	9.9%	57.3%	7.2%	0.0%	0.0%	0.0%	16	-30.7K	-7	0.03	183.56	N/A	N/A	3	0	7	0