MARA Options History — December 2020

In December 2020, MARA traded between $4.78 and $14.04. ATM implied volatility averaged 208.9%, placing in the 56.9% IV rank vs the trailing year. The 30-day expected move averaged 60.4%. IV traded below realized volatility by 7.3% (HV 20d: 216.2%). Max pain ranged from $4.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.27.

Notable Days

  • 2020-12-17: Highest Volume — 194,630 contracts
  • 2020-12-28: Largest IV spike — 15.0% change
  • 2020-12-03: Highest IV Rank — 62.7%
  • 2020-12-03: Largest Expected Move — 68.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.23$4.78$14.04$6.29$10.57
Max Pain$5.86$4.00$10.00$4.00$10.00
ATM IV208.9%184.3%229.8%226.4%211.3%
Expected Move60.4%52.8%68.5%64.9%60.6%
HV 20d216.2%198.4%237.1%198.4%199.7%
HV 60d159.7%146.4%178.1%146.9%178.1%
IV Rank56.9%50.1%62.7%61.7%57.6%
IV Percentile73.3%48.8%82.9%81.3%74.6%
Term Structure-4.4%-15.2%14.5%1.9%-11.9%
VWIV213.1%188.2%236.6%230.5%217.8%
Skew 25d-37.3%-52.3%-26.2%-41.9%-38.4%
Skew 10d-58.4%-76.3%-37.7%-54.7%-70.0%
Call IV 25d233.2%214.0%257.7%257.7%234.3%
Put IV 25d196.0%168.0%220.5%215.7%195.9%
Bid-Ask Spread %9.555.7721.619.378.34
Gamma HHI0.200.100.750.170.10
Net GEX477.6K277.5K1.8M302.4K508.0K
Net DEX-89.6M-173.5M-36.6M-59.1M-114.2M
Net VEX-174.6K-312.2K-107.4K-109.8K-312.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.080.720.150.29
Total Volume69,492.13624,761194,63047,42776,081
Total OI218,566.455161,958296,508161,958296,508

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$6.29$4.00226.4%64.9%198.4%61.7%230.5%-41.9%1.9%302.4K-59.1M-109.8K0.159.37N/AN/A41,1406,287133,93128,027
2020-12-02$5.78$4.00217.4%62.3%204.4%59.2%221.3%-41.4%14.5%295.8K-52.1M-109.6K0.2511.09N/AN/A19,7644,997137,04629,190
2020-12-03$5.94$4.00229.8%68.5%204.4%62.7%231.7%-26.8%-10.8%303.3K-56.9M-115.3K0.1611.07N/AN/A24,3303,786143,03331,162
2020-12-04$5.46$4.00226.7%66.2%209.4%61.8%236.6%-35.0%-12.2%307.6K-51.5M-122.6K0.159.18N/AN/A40,8256,182151,15632,835
2020-12-07$5.54$4.00221.8%67.0%208.7%60.5%229.8%-31.3%-8.1%343.0K-52.5M-119.5K0.2611.01N/AN/A24,8336,378155,68336,740
2020-12-08$5.14$4.00194.1%59.3%207.9%52.8%213.4%-38.3%-2.8%325.3K-45.0M-114.8K0.179.83N/AN/A25,9904,390158,51140,203
2020-12-09$4.78$4.00195.7%56.1%211.1%53.3%198.5%-32.9%13.2%277.5K-36.7M-109.7K0.1714.05N/AN/A39,8296,721156,58342,636
2020-12-10$5.20$4.00206.9%59.3%211.7%56.4%210.2%-28.7%3.0%300.0K-44.1M-117.2K0.1021.61N/AN/A34,6323,533156,75645,937
2020-12-11$4.78$4.00196.8%56.4%215.7%53.6%201.1%-38.9%-6.5%309.5K-36.6M-107.4K0.0812.27N/AN/A33,5322,703166,20247,248
2020-12-14$5.53$4.00201.1%57.6%219.1%54.7%200.2%-43.0%-6.3%429.4K-51.1M-115.8K0.1910.63N/AN/A53,47010,072168,15448,542
2020-12-15$6.96$5.00199.0%57.1%229.0%54.2%198.3%-26.2%1.3%615.1K-86.1M-136.0K0.1310.85N/AN/A71,6539,661177,62349,283
2020-12-16$8.36$5.00209.9%60.2%229.1%57.2%209.4%-26.5%-11.0%673.7K-115.5M-151.3K0.217.96N/AN/A124,63726,400177,16649,490
2020-12-17$9.38$5.00218.5%62.6%226.8%59.6%228.0%-51.9%-15.2%920.2K-135.6M-165.3K0.236.28N/AN/A157,74536,885182,55061,320
2020-12-18$9.06$6.00203.5%58.3%229.3%55.4%209.4%-52.3%-5.2%1.8M-116.0M-182.4K0.346.99N/AN/A70,76823,929183,33677,030
2020-12-21$11.20$6.00212.1%60.8%235.3%57.8%209.9%-31.2%-8.0%374.4K-123.4M-195.0K0.725.77N/AN/A59,54142,742140,76543,802
2020-12-22$14.04$7.00216.8%62.1%215.4%59.1%206.3%-38.9%-12.0%387.2K-173.5M-217.6K0.506.04N/AN/A63,73431,951148,93462,581
2020-12-23$11.33$8.00187.1%53.6%235.3%50.9%194.8%-49.9%6.5%322.4K-119.3M-236.9K0.337.95N/AN/A44,76614,878148,42373,268
2020-12-24$10.86$8.00184.3%52.8%237.1%50.1%188.2%-46.1%8.6%354.6K-115.1M-255.3K0.286.40N/AN/A30,6348,649160,29477,960
2020-12-28$12.16$9.00211.9%60.7%226.1%57.7%217.8%-41.3%-14.6%413.4K-138.7M-256.8K0.306.96N/AN/A87,51626,452160,62380,575
2020-12-29$11.73$10.00206.7%59.3%199.5%56.3%209.1%-32.9%-8.2%469.6K-130.4M-290.6K0.558.78N/AN/A36,59720,112178,89788,968
2020-12-30$10.99$10.00218.4%62.6%202.5%59.5%225.8%-26.2%-12.4%449.9K-118.2M-300.6K0.327.73N/AN/A53,00117,101186,62192,870
2020-12-31$10.57$10.00211.3%60.6%199.7%57.6%217.8%-38.4%-11.9%508.0K-114.2M-312.2K0.298.34N/AN/A58,87817,203202,08594,423