MARA Options History — January 2017

In January 2017, MARA traded between $27.68 and $33.92. ATM implied volatility averaged 135.9%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 33.5%. IV traded above realized volatility by 60.5% (HV 20d: 75.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 9.01.

Notable Days

2017-01-24: Highest Volume — 15 contracts
2017-01-31: Largest IV spike — 159.8% change
2017-01-20: Highest IV Rank — 47.5%
2017-01-24: Largest Expected Move — 43.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.32	$27.68	$33.92	$27.68	$28.16
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	135.9%	51.8%	171.5%	131.1%	134.7%
Expected Move	33.5%	11.6%	43.5%	11.6%	38.6%
HV 20d	75.4%	59.7%	105.3%	59.7%	105.3%
HV 60d	82.4%	76.4%	91.7%	76.4%	91.7%
IV Rank	37.2%	12.8%	47.5%	35.8%	36.8%
IV Percentile	60.7%	32.3%	84.9%	54.6%	57.4%
Term Structure	-51.7%	-117.4%	-9.2%	-9.2%	-13.2%
Bid-Ask Spread %	187.19	134.54	196.36	192.68	192.37
Gamma HHI	0.90	0.40	1.00	1.00	0.66
Net GEX	5	-41	123	-10	95
Net DEX	-640	-9.0K	4.6K	1.2K	-7.8K
Net VEX	-37	-152	-2	-11	-112
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	9.01	0.34	12.50	12.50	0.72
Total Volume	3.8	2	15	2	5
Total OI	6.4	2	22	2	22

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
2017-01-03	$27.68	$0.00	131.1%	0.0%	59.7%	35.8%	0.0%	0.0%	0.0%	-10	1.2K	-11	12.50	192.68	N/A	N/A	0	2	0	2
2017-01-04	$29.44	$0.00	129.8%	0.0%	63.2%	35.4%	0.0%	0.0%	0.0%	-11	1.2K	-11	12.50	193.65	N/A	N/A	0	2	0	2
2017-01-05	$32.32	$0.00	109.1%	0.0%	70.5%	29.4%	0.0%	0.0%	0.0%	-14	1.4K	-13	12.50	185.68	N/A	N/A	0	2	0	2
2017-01-06	$30.40	$0.00	128.7%	11.6%	74.6%	35.1%	0.0%	0.0%	-9.2%	-21	4.6K	-2	12.50	184.74	N/A	N/A	0	2	0	2
2017-01-09	$30.40	$0.00	125.1%	0.0%	74.5%	34.0%	0.0%	0.0%	0.0%	-11	1.1K	-11	12.50	194.47	N/A	N/A	0	2	0	2
2017-01-10	$29.92	$0.00	144.8%	0.0%	64.0%	39.8%	0.0%	0.0%	0.0%	-10	1.1K	-11	12.50	195.69	N/A	N/A	0	2	0	2
2017-01-11	$30.08	$0.00	151.9%	0.0%	63.7%	41.8%	0.0%	0.0%	0.0%	-9	1.1K	-11	12.50	194.00	N/A	N/A	0	2	0	2
2017-01-12	$32.00	$0.00	142.6%	0.0%	66.2%	39.1%	0.0%	0.0%	0.0%	-12	1.4K	-12	12.50	194.47	N/A	N/A	0	2	0	2
2017-01-13	$30.88	$0.00	149.7%	0.0%	68.3%	41.2%	0.0%	0.0%	0.0%	-12	1.2K	-11	12.50	188.22	N/A	N/A	0	2	0	2
2017-01-17	$29.28	$0.00	162.0%	0.0%	71.2%	44.8%	0.0%	0.0%	0.0%	-10	1.1K	-10	12.50	194.18	N/A	N/A	0	2	0	2
2017-01-18	$29.28	$0.00	163.7%	0.0%	68.3%	45.2%	0.0%	0.0%	0.0%	-10	1.1K	-11	12.50	189.08	N/A	N/A	0	2	0	2
2017-01-19	$28.16	$0.00	164.2%	0.0%	69.2%	45.4%	0.0%	0.0%	0.0%	-10	1.1K	-10	12.50	194.17	N/A	N/A	0	2	0	2
2017-01-20	$28.00	$0.00	171.5%	0.0%	69.3%	47.5%	0.0%	0.0%	0.0%	-9	1.0K	-10	12.50	186.25	N/A	N/A	0	2	0	2
2017-01-23	$28.32	$0.00	131.1%	0.0%	64.0%	35.8%	0.0%	0.0%	0.0%	-12	1.4K	-10	12.50	189.26	N/A	N/A	0	2	0	2
2017-01-24	$33.92	$0.00	151.6%	43.5%	86.5%	41.7%	0.0%	0.0%	-68.3%	-30	2.1K	-14	0.34	176.22	N/A	N/A	11	4	0	2
2017-01-25	$33.60	$0.00	121.2%	34.7%	86.9%	32.9%	0.0%	0.0%	-50.3%	-41	-6.5K	-81	1.08	183.03	N/A	N/A	5	5	7	6
2017-01-26	$33.44	$40.00	145.2%	41.6%	87.1%	39.9%	0.0%	0.0%	-117.4%	72	-9.0K	-114	1.60	184.69	N/A	N/A	3	5	12	8
2017-01-27	$29.92	$40.00	108.1%	31.0%	97.8%	29.1%	0.0%	0.0%	-13.2%	36	-8.3K	-152	0.71	196.36	N/A	N/A	3	2	13	8
2017-01-30	$31.20	$40.00	51.8%	0.0%	98.4%	12.8%	0.0%	0.0%	0.0%	123	-3.3K	-131	0.77	134.54	N/A	N/A	3	2	14	8
2017-01-31	$28.16	$40.00	134.7%	38.6%	105.3%	36.8%	0.0%	0.0%	0.0%	95	-7.8K	-112	0.72	192.37	N/A	N/A	3	2	14	8