MARA Options History — April 2018

In April 2018, MARA traded between $4.48 and $7.36. ATM implied volatility averaged 200.3%, placing in the 52.0% IV rank vs the trailing year. The 30-day expected move averaged 53.1%. IV traded above realized volatility by 66.2% (HV 20d: 134.1%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.28.

Notable Days

  • 2018-04-02: Highest Volume — 423 contracts
  • 2018-04-03: Largest IV spike — 117.7% change
  • 2018-04-03: Highest IV Rank — 99.3%
  • 2018-04-03: Largest Expected Move — 87.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.67$4.48$7.36$4.56$7.20
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV200.3%140.2%306.1%140.6%208.7%
Expected Move53.1%31.3%87.8%40.3%59.8%
HV 20d134.1%84.7%204.7%201.7%86.1%
HV 60d140.2%137.8%143.5%138.2%141.2%
IV Rank52.0%25.1%99.3%25.3%55.8%
IV Percentile72.6%15.0%99.3%15.0%87.2%
Term Structure-18.9%-88.7%83.4%83.4%-63.7%
Skew 25d-30.5%-189.9%45.4%-32.1%4.3%
Skew 10d-30.5%-189.9%45.4%-32.1%4.3%
Call IV 25d172.9%146.4%194.4%182.4%146.4%
Put IV 25d142.4%0.7%212.5%150.3%150.7%
Bid-Ask Spread %12.604.2433.1611.5116.66
Gamma HHI0.740.361.001.000.39
Net GEX22209940878
Net DEX620.5K539.7K706.7K546.8K661.4K
Net VEX-383-1.5K00-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.100.550.100.41
Total Volume212.476104423423208
Total OI5,551.4294,9795,7705,4495,576

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$4.56$10.00140.6%40.3%201.7%25.3%0.0%-32.1%83.4%0546.8K00.1011.51N/AN/A384394,2441,205
2018-04-03$4.48$10.00306.1%87.8%201.7%99.3%0.0%-27.3%-88.7%0539.7K00.168.77N/AN/A274434,2731,207
2018-04-04$4.80$10.00140.2%40.2%204.7%25.1%0.0%0.0%59.3%0579.4K00.4722.72N/AN/A99464,3341,207
2018-04-05$4.68$10.00297.8%50.8%203.9%95.6%0.0%-168.9%-23.6%0565.5K00.2321.07N/AN/A162384,3501,208
2018-04-06$4.52$10.00258.0%31.3%202.9%77.8%0.0%-189.0%-28.2%0547.5K00.354.91N/AN/A87314,4321,211
2018-04-09$4.64$10.00194.2%32.7%201.3%49.2%0.0%-189.9%-36.4%0563.9K00.3220.34N/AN/A84274,4451,215
2018-04-10$4.68$10.00182.5%62.2%123.2%44.0%0.0%-172.9%-44.3%0568.4K00.195.05N/AN/A143274,4501,215
2018-04-11$4.76$10.00206.0%59.1%114.6%54.6%0.0%40.8%56.1%0578.3K00.197.20N/AN/A110214,3901,215
2018-04-12$5.68$10.00174.3%50.0%131.0%40.4%0.0%20.1%-29.9%0690.1K00.1333.16N/AN/A358484,3891,215
2018-04-13$5.80$10.00153.3%43.9%127.6%31.0%0.0%45.4%-10.1%430544.1K-1.1K0.159.97N/AN/A184284,4961,202
2018-04-16$5.68$10.00192.6%55.2%127.7%48.5%0.0%4.3%0.5%0676.9K00.156.96N/AN/A171264,5301,192
2018-04-17$5.72$10.00184.1%52.8%126.7%44.8%0.0%-48.5%-8.6%0685.9K00.286.96N/AN/A81234,5461,198
2018-04-18$5.68$10.00201.5%57.8%116.4%52.5%0.0%18.1%-36.6%0680.2K00.355.54N/AN/A101354,5131,202
2018-04-19$5.52$10.00197.7%56.7%95.4%50.8%0.0%3.4%-39.8%0664.8K00.246.80N/AN/A101244,5631,205
2018-04-20$5.68$10.00206.4%59.2%90.1%54.7%0.0%19.2%-25.0%0685.2K00.464.24N/AN/A106494,5641,206
2018-04-23$6.24$10.00192.2%55.1%94.9%48.4%0.0%36.9%-42.6%0706.7K00.235.99N/AN/A119283,8461,133
2018-04-24$7.04$10.00192.6%55.2%97.6%48.6%0.0%7.8%-25.6%670591.4K-1.3K0.3517.58N/AN/A163573,9101,133
2018-04-25$7.16$10.00200.5%57.5%92.0%52.1%0.0%3.1%-33.2%703613.6K-1.3K0.3615.01N/AN/A2801014,1571,159
2018-04-26$7.24$10.00194.9%55.9%92.0%49.6%0.0%7.1%-31.5%981682.1K-1.3K0.5515.15N/AN/A1811004,2891,221
2018-04-27$7.36$10.00183.3%52.6%84.7%44.4%0.0%8.4%-28.4%994658.3K-1.5K0.2818.99N/AN/A214614,3121,222
2018-04-30$7.20$10.00208.7%59.8%86.1%55.8%0.0%4.3%-63.7%878661.4K-1.5K0.4116.66N/AN/A148604,3231,253