MARA Options History — September 2019

In September 2019, MARA traded between $1.66 and $1.88. ATM implied volatility averaged 111.8%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 33.4%. IV traded above realized volatility by 57.3% (HV 20d: 54.4%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.60.

Notable Days

  • 2019-09-18: Highest Volume — 272 contracts
  • 2019-09-06: Largest IV spike — 67.3% change
  • 2019-09-04: Highest IV Rank — 47.9%
  • 2019-09-04: Largest Expected Move — 45.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.80$1.66$1.88$1.75$1.72
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV111.8%73.3%158.6%122.6%77.5%
Expected Move33.4%22.2%45.5%35.1%22.2%
HV 20d54.4%43.4%64.2%60.7%43.4%
HV 60d70.6%45.9%84.7%84.5%45.9%
IV Rank29.9%15.2%47.9%34.1%16.8%
IV Percentile12.8%1.6%61.1%11.1%2.0%
Term Structure22.2%-59.3%62.5%-26.5%-3.7%
VWIV95.5%76.5%128.1%81.8%128.1%
Bid-Ask Spread %69.2219.24124.0319.24124.03
Gamma HHI0.530.490.650.600.50
Net GEX1.1K1801.4K1801.3K
Net DEX-23.6K-93.6K54.7K54.7K-62.1K
Net VEX-561-751-168-168-589
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.004.001.330.00
Total Volume35.20272354
Total OI3,511.452,5034,1643,8322,541

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$1.75$2.50122.6%35.1%60.7%34.1%0.0%0.0%-26.5%18054.7K-1681.3319.24N/AN/A15203,408424
2019-09-04$1.81$2.50158.6%45.5%62.2%47.9%0.0%0.0%-59.3%1.1K-46.6K-7290.0091.11N/AN/A903,422414
2019-09-05$1.84$2.5073.3%33.1%62.6%15.2%0.0%0.0%62.5%91411.6K-4790.0987.72N/AN/A1113,427414
2019-09-06$1.84$2.50122.7%36.5%61.7%34.1%0.0%0.0%-33.0%1.2K-52.0K-7510.0087.12N/AN/A803,427414
2019-09-09$1.80$2.5090.0%33.5%61.9%21.6%0.0%0.0%48.1%8977.6K-4910.6958.84N/AN/A1393,434414
2019-09-10$1.88$2.50105.6%36.2%64.2%27.5%0.0%0.0%40.9%1.0K4.5K-5290.0060.02N/AN/A1703,446414
2019-09-11$1.86$2.50115.1%33.0%63.0%31.2%0.0%0.0%52.9%9718.5K-4870.0063.77N/AN/A003,439414
2019-09-12$1.88$2.50135.0%38.7%62.9%38.8%81.8%0.0%36.0%91414.7K-4630.00103.61N/AN/A803,439414
2019-09-13$1.88$2.50108.6%31.1%61.8%28.7%0.0%0.0%55.3%98011.1K-4800.0070.55N/AN/A16603,447414
2019-09-16$1.86$2.50123.6%35.4%61.8%34.5%76.5%0.0%46.4%1.2K-5.0K-5591.0070.86N/AN/A113,608414
2019-09-17$1.86$2.50119.0%34.1%52.2%32.7%128.1%0.0%58.1%1.2K-11.4K-5874.0026.70N/AN/A5203,609414
2019-09-18$1.85$2.50119.8%34.3%51.4%33.0%0.0%0.0%50.6%1.2K-6.7K-5652.8969.49N/AN/A702023,674415
2019-09-19$1.82$2.50111.0%31.8%49.3%29.6%0.0%0.0%48.9%1.2K-19.7K-6130.1071.17N/AN/A2023,744401
2019-09-20$1.82$2.50126.5%36.3%44.0%35.6%0.0%0.0%39.8%1.3K-12.6K-5790.0026.55N/AN/A003,763401
2019-09-23$1.73$2.50145.9%41.8%43.9%43.0%0.0%0.0%0.0%1.1K-49.0K-5180.0445.46N/AN/A4622,349154
2019-09-24$1.66$2.5093.8%26.9%44.5%23.0%0.0%0.0%0.0%1.3K-76.4K-6410.0072.12N/AN/A1402,365155
2019-09-25$1.75$2.5091.7%26.3%46.4%22.2%0.0%0.0%1.9%1.4K-93.6K-7150.0066.53N/AN/A3002,360155
2019-09-26$1.71$2.5093.0%26.7%45.8%22.7%0.0%0.0%-19.3%1.4K-86.9K-6800.0099.46N/AN/A002,386155
2019-09-27$1.72$2.50102.3%29.3%45.1%26.3%0.0%0.0%-0.2%1.3K-62.5K-5900.0069.98N/AN/A1002,386155
2019-09-30$1.72$2.5077.5%22.2%43.4%16.8%0.0%0.0%-3.7%1.3K-62.1K-5890.00124.03N/AN/A402,386155