MARA Options History — July 2018

In July 2018, MARA traded between $3.36 and $5.76. ATM implied volatility averaged 184.7%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 52.4%. IV traded above realized volatility by 97.4% (HV 20d: 87.3%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.51.

Notable Days

2018-07-24: Highest Volume — 477 contracts
2018-07-27: Largest IV spike — 64.1% change
2018-07-25: Highest IV Rank — 62.3%
2018-07-25: Largest Expected Move — 64.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.22	$3.36	$5.76	$3.72	$4.16
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	184.7%	124.0%	223.3%	184.3%	158.4%
Expected Move	52.4%	35.6%	64.0%	52.8%	45.4%
HV 20d	87.3%	37.2%	143.8%	47.4%	143.8%
HV 60d	83.8%	69.2%	99.5%	79.1%	95.8%
IV Rank	45.0%	17.9%	62.3%	44.8%	33.3%
IV Percentile	62.7%	5.4%	92.4%	66.9%	34.4%
Term Structure	-8.1%	-68.0%	65.7%	-64.2%	-67.9%
Bid-Ask Spread %	13.66	3.83	85.34	4.72	7.42
Gamma HHI	0.98	0.84	1.00	0.84	1.00
Net GEX	9	0	177	0	0
Net DEX	240.6K	179.2K	355.1K	197.2K	275.1K
Net VEX	-7	-128	0	0	0
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.11	1.89	0.66	1.20
Total Volume	158.429	57	477	73	57
Total OI	1,988.571	1,638	2,563	1,638	2,563

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
2018-07-02	$3.72	$10.00	184.3%	52.8%	47.4%	44.8%	0.0%	0.0%	-64.2%	0	197.2K	0	0.66	4.72	N/A	N/A	44	29	1,108	530
2018-07-03	$3.72	$10.00	176.6%	50.6%	40.3%	41.4%	0.0%	0.0%	-68.0%	0	196.2K	0	0.66	8.26	N/A	N/A	44	29	1,128	530
2018-07-05	$3.72	$10.00	187.4%	55.7%	40.3%	46.2%	0.0%	0.0%	56.8%	0	197.3K	0	0.55	4.24	N/A	N/A	51	28	1,128	530
2018-07-06	$3.64	$10.00	197.8%	42.9%	39.7%	50.9%	0.0%	0.0%	-26.1%	0	193.1K	0	0.55	4.24	N/A	N/A	51	28	1,137	531
2018-07-09	$3.68	$10.00	183.5%	52.6%	40.5%	44.5%	0.0%	0.0%	-32.4%	0	194.5K	0	0.26	4.24	N/A	N/A	96	25	1,143	531
2018-07-10	$3.56	$10.00	204.9%	58.7%	37.2%	54.0%	0.0%	0.0%	-34.3%	0	187.9K	0	0.51	4.15	N/A	N/A	53	27	1,195	530
2018-07-11	$3.40	$10.00	144.9%	41.5%	38.6%	27.2%	0.0%	0.0%	-36.6%	0	181.0K	0	0.50	5.32	N/A	N/A	54	27	1,196	533
2018-07-12	$3.36	$10.00	209.8%	60.1%	38.5%	56.2%	0.0%	0.0%	-38.1%	0	179.2K	0	0.32	3.83	N/A	N/A	119	39	1,197	533
2018-07-13	$3.56	$10.00	140.4%	40.2%	44.6%	25.2%	0.0%	0.0%	-37.5%	0	189.5K	0	0.36	4.24	N/A	N/A	107	39	1,240	534
2018-07-16	$4.16	$10.00	194.6%	55.8%	75.3%	49.4%	0.0%	0.0%	58.2%	177	206.9K	-128	0.31	5.73	N/A	N/A	117	36	1,246	528
2018-07-17	$5.04	$10.00	178.0%	51.0%	103.2%	42.0%	0.0%	0.0%	-59.8%	0	266.7K	0	0.17	8.29	N/A	N/A	196	34	1,281	529
2018-07-18	$4.44	$10.00	215.7%	61.8%	112.9%	58.9%	0.0%	0.0%	-54.3%	0	235.0K	0	0.53	85.34	N/A	N/A	91	48	1,424	530
2018-07-19	$4.52	$10.00	182.0%	52.2%	113.0%	43.8%	0.0%	0.0%	65.6%	0	239.2K	0	0.26	13.70	N/A	N/A	140	37	1,488	529
2018-07-20	$4.40	$10.00	186.8%	53.5%	113.3%	46.0%	0.0%	0.0%	65.7%	0	233.7K	0	1.89	29.54	N/A	N/A	86	161	1,526	531
2018-07-23	$4.72	$10.00	187.5%	53.8%	113.8%	46.3%	0.0%	0.0%	56.9%	0	293.0K	0	0.16	15.57	N/A	N/A	211	33	1,466	620
2018-07-24	$5.76	$10.00	175.6%	50.3%	131.9%	41.0%	0.0%	0.0%	-41.7%	14	355.1K	-13	0.11	14.49	N/A	N/A	429	48	1,620	620
2018-07-25	$5.08	$10.00	223.3%	64.0%	138.2%	62.3%	0.0%	0.0%	-54.8%	0	320.1K	0	0.24	31.00	N/A	N/A	165	39	1,823	630
2018-07-26	$4.88	$10.00	124.0%	35.6%	139.4%	17.9%	0.0%	0.0%	53.4%	0	307.4K	0	0.60	13.78	N/A	N/A	90	54	1,836	630
2018-07-27	$4.72	$10.00	203.6%	58.4%	139.8%	53.5%	0.0%	0.0%	55.6%	0	308.9K	0	0.28	11.47	N/A	N/A	214	60	1,873	655
2018-07-30	$4.44	$10.00	219.4%	62.9%	141.4%	60.5%	0.0%	0.0%	34.3%	0	294.8K	0	0.53	7.25	N/A	N/A	60	31	1,896	662
2018-07-31	$4.16	$10.00	158.4%	45.4%	143.8%	33.3%	0.0%	0.0%	-67.9%	0	275.1K	0	1.20	7.42	N/A	N/A	26	31	1,902	661