MARA Options History — February 2017

In February 2017, MARA traded between $21.60 and $27.68. ATM implied volatility averaged 136.9%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 50.6%. IV traded above realized volatility by 36.1% (HV 20d: 100.7%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.65.

Notable Days

2017-02-14: Highest Volume — 12 contracts
2017-02-17: Largest IV spike — 98.9% change
2017-02-23: Highest IV Rank — 53.9%
2017-02-23: Largest Expected Move — 55.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.79	$21.60	$27.68	$25.60	$22.24
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	136.9%	94.0%	193.6%	183.1%	124.6%
Expected Move	50.6%	42.0%	55.5%	53.6%	55.5%
HV 20d	100.7%	77.8%	110.6%	110.6%	77.8%
HV 60d	87.0%	81.4%	92.5%	91.8%	81.7%
IV Rank	37.4%	25.0%	53.9%	50.9%	33.9%
IV Percentile	62.4%	42.2%	95.2%	90.8%	52.2%
Term Structure	-73.4%	-96.3%	-50.5%	-96.3%	-50.5%
Bid-Ask Spread %	158.79	112.32	193.67	193.67	114.98
Gamma HHI	0.52	0.41	1.00	1.00	0.51
Net GEX	39	10	85	27	45
Net DEX	2.1K	-9.0K	19.5K	19.5K	-768
Net VEX	-129	-169	-6	-6	-167
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.65	0.78	2.68	1.56	2.68
Total Volume	9.053	7	12	9	7
Total OI	29.368	22	33	22	33

Daily Data (19 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
2017-02-01	$25.60	$40.00	183.1%	0.0%	110.6%	50.9%	0.0%	0.0%	0.0%	27	19.5K	-6	1.56	193.67	N/A	N/A	4	5	14	8
2017-02-02	$27.20	$40.00	106.1%	0.0%	110.5%	28.5%	0.0%	0.0%	0.0%	50	-635	-148	1.71	193.67	N/A	N/A	3	5	14	11
2017-02-03	$27.68	$40.00	101.0%	0.0%	104.8%	27.0%	0.0%	0.0%	0.0%	54	281	-149	1.71	181.65	N/A	N/A	3	5	15	11
2017-02-06	$25.76	$40.00	115.5%	0.0%	105.6%	31.2%	0.0%	0.0%	0.0%	51	-1.7K	-139	1.71	182.28	N/A	N/A	3	5	15	11
2017-02-07	$25.44	$40.00	120.0%	0.0%	105.6%	32.6%	0.0%	0.0%	0.0%	51	-1.3K	-136	1.71	191.71	N/A	N/A	3	5	15	11
2017-02-08	$25.44	$40.00	119.8%	0.0%	105.6%	32.5%	0.0%	0.0%	0.0%	55	90	-138	1.71	174.98	N/A	N/A	3	5	15	11
2017-02-09	$25.28	$40.00	122.6%	0.0%	105.4%	33.3%	0.0%	0.0%	0.0%	46	-3.3K	-127	0.89	179.82	N/A	N/A	6	5	15	11
2017-02-10	$25.12	$40.00	147.9%	0.0%	102.1%	40.7%	0.0%	0.0%	0.0%	85	-5.0K	-137	0.89	181.12	N/A	N/A	6	5	18	11
2017-02-13	$23.52	$40.00	156.0%	0.0%	103.6%	43.0%	0.0%	0.0%	0.0%	65	-6.7K	-131	0.78	193.67	N/A	N/A	6	5	18	11
2017-02-14	$21.60	$40.00	114.4%	0.0%	105.8%	30.9%	0.0%	0.0%	0.0%	44	-9.0K	-124	0.98	182.25	N/A	N/A	6	6	18	11
2017-02-15	$23.20	$40.00	146.5%	0.0%	110.1%	40.2%	0.0%	0.0%	0.0%	25	7.4K	-95	1.06	186.10	N/A	N/A	5	6	18	12
2017-02-16	$22.40	$40.00	94.0%	0.0%	110.0%	25.0%	0.0%	0.0%	0.0%	10	9.5K	-118	1.06	180.32	N/A	N/A	5	6	18	15
2017-02-17	$21.60	$40.00	186.9%	53.6%	110.3%	52.0%	0.0%	0.0%	-96.3%	43	-1.8K	-165	1.06	113.43	N/A	N/A	5	6	18	15
2017-02-21	$21.76	$40.00	146.6%	42.0%	110.2%	40.3%	0.0%	0.0%	0.0%	11	7.1K	-123	1.06	112.77	N/A	N/A	5	5	18	15
2017-02-22	$22.40	$40.00	179.1%	51.4%	85.2%	49.7%	0.0%	0.0%	-50.5%	12	7.7K	-129	2.68	112.32	N/A	N/A	2	5	18	15
2017-02-23	$21.76	$40.00	193.6%	55.5%	85.2%	53.9%	0.0%	0.0%	0.0%	10	6.9K	-124	2.68	113.93	N/A	N/A	2	5	18	15
2017-02-24	$21.60	$40.00	125.4%	0.0%	85.1%	34.1%	0.0%	0.0%	0.0%	11	7.2K	-122	2.68	114.47	N/A	N/A	2	5	18	15
2017-02-27	$22.40	$40.00	117.6%	0.0%	80.5%	31.9%	0.0%	0.0%	0.0%	52	5.3K	-169	2.68	113.93	N/A	N/A	2	5	18	15
2017-02-28	$22.24	$40.00	124.6%	0.0%	77.8%	33.9%	0.0%	0.0%	0.0%	45	-768	-167	2.68	114.98	N/A	N/A	2	5	18	15