MARA Options History — December 2016

In December 2016, MARA traded between $24.32 and $28.00. ATM implied volatility averaged 128.8%, placing in the 35.1% IV rank vs the trailing year. The 30-day expected move averaged 41.9%. IV traded above realized volatility by 47.4% (HV 20d: 81.3%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 5.85.

Notable Days

2016-12-12: Highest Volume — 3 contracts
2016-12-27: Largest IV drop — 73.3% change
2016-12-01: Highest IV Rank — 55.3%
2016-12-01: Largest Expected Move — 56.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.14	$24.32	$28.00	$28.00	$27.36
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	128.8%	32.8%	198.5%	198.5%	32.8%
Expected Move	41.9%	28.4%	56.9%	56.9%	32.6%
HV 20d	81.3%	63.0%	103.6%	103.6%	64.2%
HV 60d	74.8%	71.1%	77.5%	71.1%	77.3%
IV Rank	35.1%	7.2%	55.3%	55.3%	7.2%
IV Percentile	57.2%	14.7%	96.0%	96.0%	14.7%
Term Structure	-28.5%	-149.5%	25.2%	-149.5%	-46.6%
Bid-Ask Spread %	184.52	123.91	195.32	191.07	181.95
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	-3	-9	1	1	-5
Net DEX	1.1K	-256	4.3K	-256	4.3K
Net VEX	-5	-11	0	-1	-1
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.85	0.00	12.50	0.00	12.50
Total Volume	1.905	1	3	1	2
Total OI	1.81	1	3	1	2

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
2016-12-01	$28.00	$40.00	198.5%	56.9%	103.6%	55.3%	0.0%	0.0%	-149.5%	1	-256	-1	0.00	191.07	N/A	N/A	1	0	1	0
2016-12-02	$26.24	$40.00	186.4%	53.4%	101.0%	51.8%	0.0%	0.0%	-12.9%	1	-218	-1	0.00	192.68	N/A	N/A	1	0	1	0
2016-12-05	$26.24	$0.00	187.4%	45.0%	100.0%	52.1%	0.0%	0.0%	-17.9%	1	-210	-1	0.00	185.13	N/A	N/A	1	0	1	0
2016-12-06	$26.56	$0.00	192.9%	44.8%	100.3%	53.7%	0.0%	0.0%	-13.6%	1	-212	-1	0.00	192.91	N/A	N/A	1	0	1	0
2016-12-07	$27.20	$0.00	195.9%	50.1%	91.8%	54.6%	0.0%	0.0%	-32.6%	1	-217	-1	0.00	193.32	N/A	N/A	1	0	1	0
2016-12-08	$27.04	$0.00	155.9%	44.7%	88.5%	43.0%	0.0%	0.0%	-10.4%	1	-218	-1	0.00	194.31	N/A	N/A	1	0	1	0
2016-12-09	$24.48	$0.00	152.8%	43.8%	92.9%	42.1%	0.0%	0.0%	-37.4%	1	-187	-1	0.00	123.91	N/A	N/A	1	0	1	0
2016-12-12	$24.32	$0.00	124.1%	35.6%	93.0%	33.7%	0.0%	0.0%	12.8%	1	-173	-1	2.08	193.67	N/A	N/A	1	2	1	0
2016-12-13	$24.64	$0.00	111.0%	31.8%	88.6%	29.9%	0.0%	0.0%	25.0%	-7	932	-9	2.08	192.77	N/A	N/A	1	2	1	2
2016-12-14	$24.64	$0.00	160.1%	0.0%	88.6%	44.2%	0.0%	0.0%	0.0%	-6	743	-9	2.08	181.00	N/A	N/A	1	2	1	2
2016-12-15	$25.60	$0.00	152.6%	0.0%	86.5%	42.0%	0.0%	0.0%	0.0%	-7	861	-10	2.08	181.12	N/A	N/A	1	2	1	2
2016-12-16	$27.20	$0.00	123.8%	35.5%	78.5%	33.7%	0.0%	0.0%	25.2%	-8	989	-11	2.08	193.67	N/A	N/A	1	2	1	2
2016-12-19	$28.00	$0.00	99.1%	28.4%	71.9%	26.5%	0.0%	0.0%	0.0%	-9	1.0K	-11	12.50	195.32	N/A	N/A	0	2	0	2
2016-12-20	$28.00	$0.00	113.8%	32.6%	68.4%	30.8%	0.0%	0.0%	-83.8%	-8	898	-10	12.50	187.97	N/A	N/A	0	2	0	2
2016-12-21	$26.08	$0.00	130.5%	0.0%	71.8%	35.6%	0.0%	0.0%	0.0%	-7	913	-10	12.50	188.57	N/A	N/A	0	2	0	2
2016-12-22	$24.80	$0.00	141.3%	0.0%	64.0%	38.7%	0.0%	0.0%	0.0%	-8	983	-9	12.50	186.47	N/A	N/A	0	2	0	2
2016-12-23	$24.96	$0.00	137.8%	0.0%	63.0%	37.7%	0.0%	0.0%	-46.6%	-7	848	-9	12.50	172.31	N/A	N/A	0	2	0	2
2016-12-27	$25.44	$0.00	36.8%	0.0%	63.6%	8.4%	0.0%	0.0%	0.0%	-1	4.0K	0	12.50	180.87	N/A	N/A	0	2	0	2
2016-12-28	$25.76	$0.00	36.2%	0.0%	63.7%	8.2%	0.0%	0.0%	0.0%	-1	4.0K	0	12.50	183.47	N/A	N/A	0	2	0	2
2016-12-29	$26.40	$0.00	34.8%	0.0%	64.4%	7.8%	0.0%	0.0%	0.0%	-2	4.1K	0	12.50	182.34	N/A	N/A	0	2	0	2
2016-12-30	$27.36	$0.00	32.8%	0.0%	64.2%	7.2%	0.0%	0.0%	0.0%	-5	4.3K	-1	12.50	181.95	N/A	N/A	0	2	0	2