MARA Options History — January 2018

In January 2018, MARA traded between $11.64 and $17.20. ATM implied volatility averaged 142.8%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 42.8%. IV traded above realized volatility by 26.1% (HV 20d: 116.7%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2018-01-18: Highest Volume — 4,442 contracts
  • 2018-01-10: Largest IV spike — 142.5% change
  • 2018-01-10: Highest IV Rank — 63.2%
  • 2018-01-10: Largest Expected Move — 58.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.66$11.64$17.20$17.20$12.80
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV142.8%84.0%203.6%170.8%148.8%
Expected Move42.8%31.0%58.4%49.0%42.7%
HV 20d116.7%85.5%171.4%171.4%93.5%
HV 60d281.8%275.9%284.1%281.4%275.9%
IV Rank37.6%13.4%63.2%53.3%31.2%
IV Percentile35.0%0.7%93.9%66.7%37.4%
Term Structure-0.0%-62.4%84.1%29.4%1.0%
VWIV155.8%55.1%202.3%152.7%190.1%
Skew 25d27.8%-87.2%103.2%52.3%27.7%
Skew 10d22.7%-82.7%128.3%12.1%47.8%
Call IV 25d148.0%112.3%176.6%150.8%112.3%
Put IV 25d175.8%84.7%227.4%203.1%140.0%
Bid-Ask Spread %51.699.5878.739.5821.85
Gamma HHI0.590.460.880.510.46
Net GEX20.7K6.4K55.7K55.7K6.4K
Net DEX6.7M1.9M9.9M2.9M8.4M
Net VEX-26.4K-36.4K-4.8K-36.4K-4.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.243.940.670.81
Total Volume1,787.9051,0704,4421,0702,374
Total OI23,526.28618,29728,30423,52319,174

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$17.20$20.00170.8%49.0%171.4%53.3%152.7%52.3%29.4%55.7K2.9M-36.4K0.679.58N/AN/A64043014,5029,021
2018-01-03$16.76$20.00150.0%43.0%170.1%40.9%137.9%40.6%-5.8%45.5K4.3M-34.8K0.6218.29N/AN/A1,20374514,5399,254
2018-01-04$16.40$20.00117.9%37.2%165.5%27.5%0.0%-76.2%13.7%26.3K9.9M-20.0K1.1078.73N/AN/A58163914,8059,828
2018-01-05$15.76$20.00153.2%44.2%161.3%42.2%132.6%30.6%5.6%30.0K5.8M-35.9K0.7936.61N/AN/A67152914,89610,407
2018-01-08$15.48$20.00135.8%48.6%161.3%35.0%55.1%53.7%-0.7%12.2K8.7M-29.3K0.5656.96N/AN/A72540714,99110,870
2018-01-09$15.24$20.0084.0%50.2%161.2%13.4%176.2%-87.2%5.6%10.2K9.1M-28.8K2.2766.91N/AN/A40291315,33011,204
2018-01-10$16.00$20.00203.6%58.4%97.4%63.2%167.0%30.4%8.1%14.4K9.7M-28.9K0.2465.28N/AN/A1,62739015,52511,408
2018-01-11$15.44$20.00174.4%50.0%95.7%51.0%104.3%63.6%-33.3%17.9K8.9M-30.4K0.3757.88N/AN/A1,02038116,16311,298
2018-01-12$16.72$20.00168.2%48.2%101.8%48.5%156.6%-6.7%11.7%23.6K9.1M-31.0K0.5053.68N/AN/A1,45773216,14111,334
2018-01-16$14.52$20.00145.4%41.7%111.1%39.0%185.6%103.2%-39.0%16.2K7.3M-31.4K0.8772.50N/AN/A1,04590916,49611,269
2018-01-17$14.04$20.00137.3%39.4%107.3%35.6%0.0%59.7%-47.9%12.4K8.0M-27.5K1.0160.98N/AN/A90491616,62011,377
2018-01-18$15.16$20.00177.1%50.8%105.6%52.2%164.5%18.6%0.9%21.8K8.2M-29.7K0.9238.04N/AN/A2,3082,13416,90411,235
2018-01-19$14.00$20.00137.9%39.5%105.6%35.9%175.4%-7.2%-0.0%22.7K8.4M-23.2K1.7133.82N/AN/A7531,28817,31010,994
2018-01-22$13.40$20.00138.2%39.6%105.7%36.0%0.0%60.5%-46.7%17.5K4.2M-23.9K2.1664.69N/AN/A4671,01010,7237,597
2018-01-23$13.60$20.00108.2%31.0%93.3%23.5%180.4%69.8%68.2%23.1K3.5M-26.8K2.6656.23N/AN/A4001,06410,7657,532
2018-01-24$14.04$20.00122.6%35.2%90.8%29.5%202.3%56.2%-11.1%24.3K1.9M-33.1K1.3142.30N/AN/A1,1461,50110,7947,605
2018-01-25$14.00$20.00138.3%39.7%89.9%36.0%0.0%83.5%-62.4%15.3K3.5M-29.1K2.1660.39N/AN/A6351,37110,6648,135
2018-01-26$13.24$20.00131.3%37.6%89.4%33.1%0.0%-10.0%13.5%15.6K6.8M-17.3K3.1373.88N/AN/A3451,08210,6638,463
2018-01-29$12.52$20.00119.9%34.4%85.5%28.4%0.0%25.2%4.9%13.7K5.8M-19.1K3.4156.78N/AN/A26188810,6378,460
2018-01-30$11.64$20.00136.0%39.0%87.4%35.1%190.1%-5.5%84.1%9.3K7.0M-12.1K3.9460.04N/AN/A25499910,6188,501
2018-01-31$12.80$20.00148.8%42.7%93.5%31.2%0.0%27.7%1.0%6.4K8.4M-4.8K0.8121.85N/AN/A1,3091,06510,6628,512