MARA Options History — September 2020

In September 2020, MARA traded between $1.67 and $2.55. ATM implied volatility averaged 177.6%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 50.4%. IV traded above realized volatility by 51.7% (HV 20d: 125.9%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.16.

Notable Days

  • 2020-09-01: Highest Volume — 22,940 contracts
  • 2020-09-18: Largest IV drop — 20.7% change
  • 2020-09-01: Highest IV Rank — 61.7%
  • 2020-09-01: Largest Expected Move — 64.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.98$1.67$2.55$2.55$1.92
Max Pain$2.05$2.00$2.50$2.50$2.00
ATM IV177.6%143.2%226.2%226.2%149.8%
Expected Move50.4%41.1%64.8%64.8%42.9%
HV 20d125.9%101.1%185.4%185.4%101.1%
HV 60d190.5%183.7%209.4%208.5%186.1%
IV Rank48.3%38.8%61.7%61.7%40.6%
IV Percentile58.0%30.6%82.5%82.5%32.9%
Term Structure1.4%-21.9%25.4%-21.9%15.6%
VWIV179.7%144.6%232.2%232.2%148.7%
Skew 25d-38.6%-102.1%55.0%-37.1%27.1%
Skew 10d-42.9%-156.5%43.2%-81.7%42.8%
Call IV 25d191.4%95.5%243.5%239.3%115.4%
Put IV 25d152.8%118.1%202.2%202.2%142.5%
Bid-Ask Spread %16.768.6730.3312.0018.34
Gamma HHI0.160.140.240.210.16
Net GEX28.8K19.6K45.0K37.4K38.6K
Net DEX-1.9M-5.4M42.0K-5.4M-2.9M
Net VEX-20.0K-30.0K-15.7K-29.9K-18.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.030.460.060.24
Total Volume6,1081,50922,94022,9401,509
Total OI87,830.90557,224107,35290,42467,797

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$2.55$2.50226.2%64.8%185.4%61.7%232.2%-37.1%-21.9%37.4K-5.4M-29.9K0.0612.00N/AN/A21,6051,33569,15221,272
2020-09-02$2.35$2.50216.6%62.1%155.8%59.0%223.2%-51.3%-18.1%45.0K-5.3M-30.0K0.1313.68N/AN/A8,9111,18077,50921,783
2020-09-03$2.07$2.00189.0%52.5%139.7%51.4%194.2%-102.1%5.5%31.4K-2.9M-25.2K0.0929.90N/AN/A11,1981,05779,11922,641
2020-09-04$2.07$2.00190.1%51.5%133.9%51.7%187.0%-16.1%6.7%29.0K-2.7M-24.7K0.1920.55N/AN/A7,3941,39578,83122,990
2020-09-08$1.88$2.00203.7%52.2%134.2%55.5%191.9%-28.6%14.7%19.9K4.8K-17.3K0.2317.06N/AN/A4,3551,00379,98822,827
2020-09-09$1.98$2.00190.8%54.7%130.7%51.9%196.8%-17.3%5.0%21.6K-306.0K-18.7K0.0823.03N/AN/A5,17639480,41322,819
2020-09-10$1.88$2.00181.5%52.0%130.8%49.3%183.5%-66.9%11.5%21.1K-124.5K-17.8K0.1230.33N/AN/A3,64843281,77422,884
2020-09-11$1.81$2.00191.4%54.9%129.1%52.1%196.6%-71.6%15.8%19.6K42.0K-16.6K0.1416.70N/AN/A2,87641181,32122,966
2020-09-14$1.96$2.00195.2%55.9%130.3%53.1%197.2%-73.2%-11.8%22.7K-246.0K-18.1K0.2413.36N/AN/A4,4981,07782,41322,950
2020-09-15$1.97$2.00192.0%55.0%130.6%52.2%195.8%-59.8%-10.0%23.2K-198.7K-18.0K0.1518.86N/AN/A3,49954082,31022,908
2020-09-16$2.08$2.00189.9%54.4%133.1%51.7%200.4%-54.3%0.2%24.9K-668.8K-19.7K0.1414.50N/AN/A8,7931,27282,20422,792
2020-09-17$2.00$2.00180.6%51.8%131.3%49.1%184.5%-46.3%6.5%25.1K-621.1K-19.3K0.2417.28N/AN/A2,78566784,22622,445
2020-09-18$1.98$2.00143.2%41.1%129.5%38.8%144.6%-46.0%25.4%25.4K-426.7K-19.1K0.4616.88N/AN/A3,9511,80685,05322,299
2020-09-21$1.88$2.00157.9%45.3%119.9%42.8%158.6%-43.6%10.9%25.3K-2.4M-17.2K0.2811.75N/AN/A3,21388449,3407,884
2020-09-22$1.84$2.00149.0%42.7%102.8%40.4%151.7%-43.5%0.4%26.2K-2.3M-16.5K0.0315.43N/AN/A3,81711150,8788,047
2020-09-23$1.67$2.00155.1%44.5%105.0%42.0%154.3%-14.0%-13.2%25.0K-1.9M-15.7K0.0518.06N/AN/A2,66013953,7608,089
2020-09-24$1.74$2.00161.0%46.1%105.3%43.7%169.4%-59.6%-9.5%27.7K-2.3M-16.7K0.0813.07N/AN/A4,73140054,5748,066
2020-09-25$1.95$2.00158.4%45.4%110.4%43.0%154.5%-32.0%10.4%36.0K-3.2M-20.0K0.118.67N/AN/A3,76343057,1508,099
2020-09-28$2.01$2.00148.7%42.6%102.1%40.3%149.4%-29.7%-2.8%39.6K-3.3M-20.0K0.1713.27N/AN/A2,43240357,7238,314
2020-09-29$2.03$2.00159.5%45.7%101.9%43.3%159.3%55.0%-12.5%40.8K-3.4M-20.5K0.069.26N/AN/A2,37614258,4688,371
2020-09-30$1.92$2.00149.8%42.9%101.1%40.6%148.7%27.1%15.6%38.6K-2.9M-18.6K0.2418.34N/AN/A1,21929059,4568,341