MARA Options History — November 2017

In November 2017, MARA traded between $5.12 and $25.52. ATM implied volatility averaged 189.1%, placing in the 54.1% IV rank vs the trailing year. The 30-day expected move averaged 56.0%. IV traded below realized volatility by 21.4% (HV 20d: 210.5%). Max pain ranged from $10.00 to $20.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 9.93.

Notable Days

2017-11-29: Highest Volume — 4,218 contracts
2017-11-03: Largest IV spike — 142.1% change
2017-11-27: Highest IV Rank — 100.0%
2017-11-27: Largest Expected Move — 83.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.06	$5.12	$25.52	$7.28	$16.76
Max Pain	$18.10	$10.00	$20.00	$10.00	$20.00
ATM IV	189.1%	94.8%	291.9%	151.3%	217.5%
Expected Move	56.0%	43.4%	83.7%	43.4%	62.4%
HV 20d	210.5%	120.9%	447.6%	120.9%	442.0%
HV 60d	158.9%	119.5%	270.9%	119.5%	270.6%
IV Rank	54.1%	24.7%	100.0%	41.3%	71.3%
IV Percentile	73.1%	14.3%	100.0%	51.7%	95.9%
Term Structure	-25.0%	-139.3%	179.3%	-38.7%	-63.1%
VWIV	224.2%	126.9%	303.8%	234.7%	218.8%
Skew 25d	17.8%	-18.7%	72.3%	72.3%	3.7%
Skew 10d	-0.7%	-31.8%	44.5%	44.5%	-17.6%
Call IV 25d	217.2%	172.6%	262.1%	262.1%	172.6%
Put IV 25d	235.0%	172.2%	334.3%	334.3%	176.3%
Bid-Ask Spread %	91.99	26.41	166.40	120.20	68.67
Gamma HHI	0.82	0.36	1.00	0.95	0.68
Net GEX	3.1K	-209	38.6K	-43	38.6K
Net DEX	-221.6K	-1.8M	29.0K	8.7K	-1.8M
Net VEX	-1.1K	-10.5K	0	-40	-10.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	9.93	0.15	23.40	10.33	0.49
Total Volume	658.143	16	4,218	18	2,431
Total OI	733.19	14	6,763	22	6,763

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
2017-11-01	$7.28	$10.00	151.3%	43.4%	120.9%	41.3%	0.0%	0.0%	-38.7%	-43	8.7K	-40	10.33	120.20	N/A	N/A	2	16	1	21
2017-11-02	$6.00	$10.00	94.8%	53.1%	139.4%	24.7%	0.0%	0.0%	-29.9%	-22	4.1K	-21	11.17	78.24	N/A	N/A	2	17	0	14
2017-11-03	$5.64	$20.00	229.4%	65.8%	140.7%	64.1%	0.0%	0.0%	-66.5%	-20	5.3K	-18	11.17	92.90	N/A	N/A	2	17	0	16
2017-11-06	$5.52	$20.00	157.8%	0.0%	140.0%	43.2%	0.0%	0.0%	0.0%	-19	5.3K	-18	11.17	166.40	N/A	N/A	2	17	0	16
2017-11-07	$5.48	$20.00	153.4%	44.0%	138.4%	41.9%	0.0%	0.0%	-0.4%	-20	5.5K	-18	11.17	114.39	N/A	N/A	2	17	0	16
2017-11-08	$5.12	$20.00	151.9%	43.6%	139.9%	41.4%	0.0%	0.0%	71.7%	0	8.3K	0	9.50	26.41	N/A	N/A	2	14	0	16
2017-11-09	$5.24	$20.00	155.2%	44.5%	140.4%	42.4%	0.0%	0.0%	-31.6%	0	11.1K	0	9.50	112.59	N/A	N/A	2	14	0	21
2017-11-10	$5.32	$20.00	174.4%	50.0%	140.1%	48.0%	0.0%	0.0%	17.6%	0	11.3K	0	15.17	113.56	N/A	N/A	2	23	0	21
2017-11-13	$5.44	$20.00	174.6%	50.1%	140.5%	48.1%	0.0%	0.0%	-37.1%	-23	5.9K	-35	15.17	113.33	N/A	N/A	2	23	0	35
2017-11-14	$5.32	$20.00	163.8%	47.0%	139.8%	44.5%	0.0%	0.0%	15.3%	-28	15.8K	-41	15.17	112.95	N/A	N/A	2	23	0	46
2017-11-15	$5.24	$20.00	169.3%	48.5%	139.7%	46.1%	0.0%	0.0%	15.4%	-38	17.1K	-58	15.17	112.95	N/A	N/A	2	23	0	57
2017-11-16	$5.36	$20.00	167.9%	48.1%	139.9%	45.6%	0.0%	0.0%	-52.7%	-53	12.6K	-75	15.17	114.73	N/A	N/A	2	23	0	57
2017-11-17	$5.52	$20.00	165.1%	47.3%	138.9%	42.4%	0.0%	0.0%	6.2%	-41	17.8K	-61	15.17	111.39	N/A	N/A	2	23	0	57
2017-11-20	$5.92	$20.00	243.5%	69.8%	140.2%	66.5%	0.0%	0.0%	-119.0%	-20	29.0K	-18	18.20	95.63	N/A	N/A	1	23	0	57
2017-11-21	$5.76	$20.00	269.0%	77.1%	140.6%	74.3%	0.0%	0.0%	-139.3%	-60	15.3K	-78	23.40	97.39	N/A	N/A	1	29	0	57
2017-11-22	$8.64	$20.00	159.7%	45.8%	200.4%	39.7%	234.7%	0.0%	-53.3%	-139	26.5K	-121	0.21	86.87	N/A	N/A	127	26	0	61
2017-11-24	$23.80	$10.00	216.8%	62.1%	406.8%	57.6%	126.9%	0.0%	179.3%	-209	-237.0K	-94	0.15	53.18	N/A	N/A	1,022	156	107	61
2017-11-27	$25.52	$10.00	291.9%	83.7%	400.0%	100.0%	303.8%	72.3%	-60.6%	6.7K	-1.4M	-1.7K	0.44	56.45	N/A	N/A	2,192	969	758	177
2017-11-28	$15.44	$20.00	244.9%	70.2%	447.6%	81.9%	243.5%	13.9%	-55.7%	8.5K	-568.1K	-4.6K	0.31	30.66	N/A	N/A	1,787	563	2,068	997
2017-11-29	$15.92	$20.00	219.2%	62.8%	445.0%	72.0%	217.3%	-18.7%	-57.8%	11.3K	-872.0K	-5.4K	0.28	52.90	N/A	N/A	3,294	924	2,789	1,108
2017-11-30	$16.76	$20.00	217.5%	62.4%	442.0%	71.3%	218.8%	3.7%	-63.1%	38.6K	-1.8M	-10.5K	0.49	68.67	N/A	N/A	1,636	795	5,054	1,709