MARA Options History — March 2017

In March 2017, MARA traded between $11.20 and $22.72. ATM implied volatility averaged 148.8%, placing in the 40.9% IV rank vs the trailing year. The 30-day expected move averaged 43.4%. IV traded above realized volatility by 46.2% (HV 20d: 102.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.31.

Notable Days

2017-03-03: Highest Volume — 10 contracts
2017-03-21: Largest IV spike — 51.8% change
2017-03-21: Highest IV Rank — 54.7%
2017-03-21: Largest Expected Move — 56.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.34	$11.20	$22.72	$21.92	$15.36
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	148.8%	87.7%	196.3%	131.7%	190.3%
Expected Move	43.4%	25.1%	56.3%	34.2%	54.6%
HV 20d	102.6%	51.3%	187.2%	70.9%	187.2%
HV 60d	96.5%	79.5%	128.9%	81.3%	128.2%
IV Rank	40.9%	23.2%	54.7%	35.9%	53.0%
IV Percentile	69.3%	41.0%	96.8%	56.6%	92.8%
Term Structure	-7.1%	-27.0%	53.1%	-17.8%	-27.0%
Bid-Ask Spread %	97.82	89.68	115.49	114.72	89.68
Gamma HHI	0.67	0.45	1.00	0.46	1.00
Net GEX	12	0	29	24	0
Net DEX	12.6K	5.2K	25.5K	18.0K	7.1K
Net VEX	-60	-122	0	-110	0
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.31	1.09	1.82	1.36	1.82
Total Volume	9.304	8	10	9	8
Total OI	30.826	24	35	33	26

Daily Data (23 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
2017-03-01	$21.92	$40.00	131.7%	0.0%	70.9%	35.9%	0.0%	0.0%	0.0%	24	18.0K	-110	1.36	114.72	N/A	N/A	4	5	18	15
2017-03-02	$21.28	$40.00	126.1%	0.0%	64.3%	34.3%	0.0%	0.0%	0.0%	23	14.5K	-119	1.36	113.53	N/A	N/A	4	5	20	15
2017-03-03	$21.60	$40.00	126.8%	0.0%	59.6%	34.5%	0.0%	0.0%	0.0%	24	17.6K	-113	1.09	115.49	N/A	N/A	5	5	20	15
2017-03-06	$22.72	$0.00	119.4%	34.2%	62.8%	32.4%	0.0%	0.0%	-17.8%	29	20.5K	-109	1.09	98.16	N/A	N/A	5	5	20	15
2017-03-07	$22.24	$0.00	120.0%	34.4%	58.6%	32.5%	0.0%	0.0%	-9.8%	25	15.8K	-122	1.09	99.49	N/A	N/A	5	5	20	15
2017-03-08	$22.40	$0.00	87.7%	25.1%	58.8%	23.2%	0.0%	0.0%	-10.4%	23	16.4K	-119	1.09	98.62	N/A	N/A	5	5	20	15
2017-03-09	$20.96	$0.00	127.5%	36.6%	62.4%	34.7%	0.0%	0.0%	-12.4%	22	13.8K	-115	1.11	98.44	N/A	N/A	5	5	20	15
2017-03-10	$21.28	$0.00	129.5%	37.1%	63.1%	35.3%	0.0%	0.0%	-12.7%	22	14.4K	-116	1.11	98.29	N/A	N/A	5	5	20	15
2017-03-13	$21.44	$0.00	141.8%	40.7%	63.3%	38.9%	0.0%	0.0%	-14.8%	22	14.6K	-116	1.11	99.18	N/A	N/A	5	5	20	15
2017-03-14	$21.60	$0.00	129.4%	37.1%	59.7%	35.3%	0.0%	0.0%	-15.6%	23	13.3K	-116	1.09	97.04	N/A	N/A	5	5	20	14
2017-03-15	$21.28	$0.00	137.8%	39.5%	51.7%	37.7%	0.0%	0.0%	-16.9%	22	12.9K	-114	1.09	98.44	N/A	N/A	5	5	20	14
2017-03-16	$19.68	$0.00	144.5%	41.4%	51.3%	39.7%	0.0%	0.0%	-20.0%	20	10.8K	-112	1.09	96.20	N/A	N/A	5	5	20	14
2017-03-17	$17.92	$0.00	159.8%	45.8%	59.0%	44.1%	0.0%	0.0%	-23.5%	0	25.5K	0	1.09	95.93	N/A	N/A	5	5	20	14
2017-03-20	$16.96	$0.00	129.3%	37.1%	60.4%	35.3%	0.0%	0.0%	53.1%	0	18.9K	0	1.14	91.29	N/A	N/A	5	5	19	11
2017-03-21	$11.68	$0.00	196.3%	56.3%	141.1%	54.7%	0.0%	0.0%	0.0%	0	7.7K	0	1.45	94.48	N/A	N/A	4	5	19	7
2017-03-22	$12.00	$0.00	195.4%	56.0%	141.0%	54.4%	0.0%	0.0%	0.0%	0	5.6K	0	1.63	92.50	N/A	N/A	3	5	19	5
2017-03-23	$11.20	$0.00	160.9%	0.0%	141.6%	44.4%	0.0%	0.0%	0.0%	0	5.2K	0	1.25	92.69	N/A	N/A	4	5	19	5
2017-03-24	$13.44	$0.00	184.8%	53.0%	160.9%	51.4%	0.0%	0.0%	0.0%	0	6.2K	0	1.25	91.75	N/A	N/A	4	5	21	5
2017-03-27	$16.96	$0.00	158.6%	45.5%	184.1%	43.7%	0.0%	0.0%	31.3%	0	7.8K	0	1.25	93.66	N/A	N/A	4	5	21	5
2017-03-28	$17.28	$0.00	158.9%	45.6%	184.4%	43.8%	0.0%	0.0%	29.3%	0	8.0K	0	1.82	93.14	N/A	N/A	3	5	21	5
2017-03-29	$15.68	$0.00	177.4%	50.9%	186.8%	49.2%	0.0%	0.0%	-21.2%	0	7.3K	0	1.82	94.12	N/A	N/A	3	5	21	5
2017-03-30	$15.04	$0.00	189.1%	54.2%	187.0%	52.6%	0.0%	0.0%	-24.7%	0	7.0K	0	1.82	93.04	N/A	N/A	3	5	21	5
2017-03-31	$15.36	$0.00	190.3%	54.6%	187.2%	53.0%	0.0%	0.0%	-27.0%	0	7.1K	0	1.82	89.68	N/A	N/A	3	5	21	5