MARA Options History — August 2020

In August 2020, MARA traded between $2.26 and $5.06. ATM implied volatility averaged 241.0%, placing in the 65.8% IV rank vs the trailing year. The 30-day expected move averaged 67.7%. IV traded below realized volatility by 12.9% (HV 20d: 254.0%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.26.

Notable Days

  • 2020-08-03: Highest Volume — 73,631 contracts
  • 2020-08-19: Largest IV drop — 22.1% change
  • 2020-08-03: Highest IV Rank — 97.8%
  • 2020-08-03: Largest Expected Move — 102.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.35$2.26$5.06$3.50$2.44
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV241.0%174.3%357.1%357.1%195.5%
Expected Move67.7%50.0%102.4%102.4%56.0%
HV 20d254.0%185.0%278.2%226.3%185.0%
HV 60d208.4%204.4%213.8%213.6%209.5%
IV Rank65.8%47.4%97.8%97.8%53.2%
IV Percentile82.7%61.5%99.6%99.6%76.2%
Term Structure-16.7%-55.3%14.4%-55.3%-0.3%
VWIV235.3%190.6%316.0%316.0%202.1%
Skew 25d-38.4%-66.2%-6.6%-20.0%-42.7%
Skew 10d-66.3%-122.2%14.3%-96.4%-77.0%
Call IV 25d252.4%197.0%339.7%325.3%220.9%
Put IV 25d214.0%168.2%306.8%305.4%178.2%
Bid-Ask Spread %13.917.9320.669.1810.88
Gamma HHI0.300.200.520.520.21
Net GEX45.7K8.3K85.2K8.3K31.4K
Net DEX-7.9M-18.4M-2.9M-6.7M-4.2M
Net VEX-28.6K-38.6K-8.3K-8.3K-27.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.051.000.160.25
Total Volume19,718.7625,59173,63173,6317,097
Total OI82,554.38127,846112,65527,84687,810

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$3.50$2.50357.1%102.4%226.3%97.8%0.0%0.0%-55.3%8.3K-6.7M-8.3K0.169.18N/AN/A63,50910,12225,4942,352
2020-08-04$3.28$2.50316.3%90.7%228.5%86.5%316.0%-20.0%-42.3%42.4K-7.3M-20.7K0.2215.77N/AN/A18,0473,93643,0767,704
2020-08-05$4.26$2.50311.0%89.2%238.4%85.1%312.0%-32.9%-18.7%64.8K-13.0M-27.2K0.2814.35N/AN/A26,1057,36649,8369,584
2020-08-06$5.06$2.50306.6%81.5%233.6%83.9%282.3%-23.8%-43.6%82.8K-18.4M-32.1K0.197.93N/AN/A27,8705,43354,54013,357
2020-08-07$4.32$2.50307.1%81.1%248.0%84.0%281.7%-6.6%-15.9%70.3K-13.6M-30.8K0.2110.72N/AN/A14,2063,02655,58416,116
2020-08-10$4.37$2.50273.7%69.4%245.9%74.8%244.5%-48.0%-8.9%85.2K-14.3M-31.0K1.0011.36N/AN/A10,27310,30457,79217,371
2020-08-11$3.73$2.50257.8%66.3%258.3%70.4%233.7%-35.3%4.4%54.7K-9.1M-30.1K0.4413.12N/AN/A14,5116,38659,63725,066
2020-08-12$3.56$2.50223.5%64.1%260.8%60.9%219.5%-56.4%-9.1%48.4K-7.4M-31.9K0.1416.16N/AN/A11,2981,53663,65227,583
2020-08-13$3.65$2.50224.8%64.4%260.1%61.3%228.5%-58.5%-18.1%53.4K-9.0M-35.0K0.2314.40N/AN/A14,6103,41264,80628,225
2020-08-14$3.91$2.50261.1%74.8%258.4%71.3%262.6%-33.3%-39.5%70.5K-12.0M-38.6K0.3613.14N/AN/A15,5425,66169,76828,756
2020-08-17$3.67$2.50256.5%73.5%262.4%70.0%259.2%-30.4%-50.2%69.0K-10.5M-37.9K0.0914.78N/AN/A24,8952,29075,75829,236
2020-08-18$3.42$2.50223.7%64.1%266.8%61.0%231.6%-42.6%-22.0%49.4K-7.1M-33.1K0.2215.04N/AN/A11,7582,53479,48630,842
2020-08-19$3.14$2.50174.3%50.0%271.7%47.4%202.1%-27.9%14.4%46.8K-5.3M-30.9K0.1116.84N/AN/A19,0592,07181,49931,156
2020-08-20$3.26$2.50200.9%57.6%267.1%54.7%201.9%-31.0%-4.0%36.8K-5.4M-29.6K0.1720.65N/AN/A7,1861,25776,29430,666
2020-08-21$2.78$2.50182.1%52.2%278.2%49.5%190.6%-39.4%9.4%27.5K-4.0M-26.3K0.3617.28N/AN/A12,7544,58378,31831,113
2020-08-24$2.31$2.50204.3%58.6%275.6%55.6%213.5%-66.2%-13.2%19.6K-2.9M-23.8K0.4413.80N/AN/A6,9853,06850,38216,872
2020-08-25$2.41$2.50195.9%56.2%266.0%53.3%209.0%-56.9%-9.2%18.7K-3.2M-24.9K0.2120.66N/AN/A8,4141,77554,07618,848
2020-08-26$2.50$2.50191.6%54.9%266.0%52.1%211.6%-51.2%-16.5%27.6K-4.2M-27.9K0.1312.15N/AN/A7,23092758,15619,279
2020-08-27$2.26$2.50203.7%58.4%269.2%55.5%211.0%-47.1%-21.3%22.9K-3.2M-25.5K0.1210.25N/AN/A4,98860360,70319,824
2020-08-28$2.53$2.50194.4%55.7%266.9%52.9%193.6%-17.3%8.3%30.2K-4.3M-28.2K0.0513.58N/AN/A10,91854962,95320,072
2020-08-31$2.44$2.50195.5%56.0%185.0%53.2%202.1%-42.7%-0.3%31.4K-4.2M-27.6K0.2510.88N/AN/A5,6901,40767,61520,195