MARA Options History — November 2020

In November 2020, MARA traded between $2.10 and $6.14. ATM implied volatility averaged 203.3%, placing in the 55.3% IV rank vs the trailing year. The 30-day expected move averaged 58.0%. IV traded above realized volatility by 69.1% (HV 20d: 134.2%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.12.

Notable Days

  • 2020-11-23: Highest Volume — 97,865 contracts
  • 2020-11-20: Largest IV spike — 32.8% change
  • 2020-11-20: Highest IV Rank — 72.7%
  • 2020-11-20: Largest Expected Move — 76.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.16$2.10$6.14$2.10$6.14
Max Pain$2.42$2.00$2.50$2.00$2.50
ATM IV203.3%183.9%266.1%185.8%242.6%
Expected Move58.0%51.5%76.3%53.3%69.6%
HV 20d134.2%116.0%199.8%121.0%199.8%
HV 60d118.4%108.7%147.0%117.4%147.0%
IV Rank55.3%50.0%72.7%50.5%66.2%
IV Percentile71.8%59.5%87.3%62.7%84.9%
Term Structure-3.8%-27.7%16.7%-1.3%-8.0%
VWIV214.3%187.8%264.3%218.8%245.1%
Skew 25d-50.3%-80.4%-23.2%-58.9%-47.4%
Skew 10d-64.6%-128.0%-13.5%-25.3%-70.4%
Call IV 25d232.6%199.6%291.6%227.2%270.7%
Put IV 25d182.3%146.2%233.4%168.3%223.4%
Bid-Ask Spread %14.086.6824.0412.566.68
Gamma HHI0.210.170.400.180.18
Net GEX123.5K54.1K264.4K54.1K264.4K
Net DEX-18.0M-56.5M-5.4M-5.4M-56.5M
Net VEX-49.1K-101.3K-28.7K-28.7K-101.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.050.250.120.17
Total Volume31,209.254,12297,8654,12276,032
Total OI127,859.9599,088162,29899,088155,051

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$2.10$2.00185.8%53.3%121.0%50.5%218.8%-58.9%-1.3%54.1K-5.4M-28.7K0.1212.56N/AN/A3,66545783,26815,820
2020-11-03$2.24$2.00193.7%55.5%121.6%52.7%210.2%-40.2%-4.5%60.8K-5.9M-30.1K0.0924.04N/AN/A8,38672483,26815,820
2020-11-04$2.31$2.00185.8%53.3%121.9%50.5%195.8%-23.2%16.7%68.1K-6.5M-31.7K0.1812.53N/AN/A6,7231,22387,24616,787
2020-11-05$2.48$2.50186.8%52.6%119.0%50.8%195.1%-47.2%-9.1%75.2K-7.9M-33.9K0.0715.95N/AN/A12,26991287,97217,674
2020-11-06$2.45$2.50188.7%54.6%119.2%51.3%200.3%-55.5%-13.7%79.2K-8.1M-35.0K0.0716.69N/AN/A6,29042892,86118,239
2020-11-09$2.25$2.50192.9%53.7%116.8%52.5%190.3%-53.3%-13.8%71.9K-6.4M-31.6K0.0916.14N/AN/A8,16576994,26018,333
2020-11-10$2.22$2.50189.1%51.5%116.6%51.4%191.9%-51.2%-3.9%63.6K-5.7M-29.9K0.0617.24N/AN/A6,74537794,97518,607
2020-11-11$2.30$2.50189.7%54.4%117.0%51.6%196.3%-55.9%-12.5%77.2K-6.8M-31.7K0.0611.22N/AN/A7,55342298,04418,696
2020-11-12$2.28$2.50183.9%52.7%116.6%50.0%194.8%-68.6%0.2%78.1K-6.9M-31.7K0.0912.85N/AN/A6,853621100,93018,980
2020-11-13$2.40$2.50184.8%53.0%116.3%50.2%187.8%-44.8%-13.1%90.3K-7.7M-32.7K0.1813.01N/AN/A6,4811,198102,33719,354
2020-11-16$2.50$2.50184.9%53.0%116.0%50.3%192.6%-45.3%-4.6%58.6K-7.6M-31.2K0.0820.25N/AN/A11,269874103,99019,882
2020-11-17$3.00$2.50219.4%62.9%130.1%59.8%243.8%-55.9%-27.7%169.8K-15.7M-41.8K0.0714.03N/AN/A76,1025,632109,00620,259
2020-11-18$2.85$2.50211.2%60.6%123.4%57.5%238.8%-69.2%-5.4%225.0K-15.2M-44.6K0.0817.68N/AN/A66,7725,671127,47622,478
2020-11-19$3.03$2.50200.4%57.5%124.2%54.6%239.5%-80.4%14.6%88.2K-21.2M-48.2K0.1111.64N/AN/A17,6962,008133,57124,494
2020-11-20$3.39$2.50266.1%76.3%126.0%72.7%264.3%-58.2%-19.8%96.8K-26.1M-55.5K0.059.83N/AN/A55,1082,665137,01625,282
2020-11-23$4.89$2.50228.3%65.5%174.0%62.3%229.1%-33.8%10.1%180.8K-37.8M-76.0K0.129.43N/AN/A87,16510,700111,69317,890
2020-11-24$4.97$2.50231.7%66.4%172.6%63.2%230.9%-35.4%-2.8%216.0K-41.0M-89.3K0.1210.89N/AN/A63,7537,547124,62821,927
2020-11-25$5.12$2.50207.0%59.3%159.0%56.4%212.6%-41.3%8.3%243.7K-41.4M-92.1K0.239.02N/AN/A20,9414,840124,86423,391
2020-11-27$4.35$2.50192.8%55.3%173.0%52.5%208.9%-41.3%14.3%208.4K-30.9M-85.4K0.2519.96N/AN/A23,3755,774126,15024,680
2020-11-30$6.14$2.50242.6%69.6%199.8%66.2%245.1%-47.4%-8.0%264.4K-56.5M-101.3K0.176.68N/AN/A65,08510,947127,85827,193