MARA Options History — January 2021

In January 2021, MARA traded between $10.81 and $25.90. ATM implied volatility averaged 231.7%, placing in the 63.2% IV rank vs the trailing year. The 30-day expected move averaged 62.4%. IV traded above realized volatility by 16.0% (HV 20d: 215.7%). Max pain ranged from $10.00 to $19.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.41.

Notable Days

  • 2021-01-07: Highest Volume — 326,268 contracts
  • 2021-01-07: Largest IV spike — 36.0% change
  • 2021-01-07: Highest IV Rank — 87.0%
  • 2021-01-29: Largest Expected Move — 75.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.00$10.81$25.90$10.81$20.64
Max Pain$16.08$10.00$19.50$10.00$19.00
ATM IV231.7%193.6%318.1%200.8%266.4%
Expected Move62.4%55.5%75.1%57.1%75.1%
HV 20d215.7%196.9%233.8%199.7%196.9%
HV 60d195.4%178.0%202.3%178.0%196.8%
IV Rank63.2%52.7%87.0%54.7%72.8%
IV Percentile75.8%57.5%92.9%68.7%86.1%
Term Structure-2.1%-29.8%12.8%-0.5%-3.1%
VWIV219.7%196.3%263.5%203.4%263.5%
Skew 25d-32.8%-81.8%-14.1%-40.3%-44.1%
Skew 10d-44.0%-125.4%-4.1%-49.7%-53.3%
Call IV 25d237.8%208.2%287.2%228.2%287.2%
Put IV 25d205.0%155.8%253.6%187.9%243.0%
Bid-Ask Spread %6.803.5413.374.717.47
Gamma HHI0.110.060.260.110.17
Net GEX1.3M126.5K3.3M628.4K3.3M
Net DEX-310.0M-516.3M-122.8M-122.8M-357.6M
Net VEX-598.0K-787.9K-320.2K-320.2K-787.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.210.690.290.34
Total Volume171,581.21179,902326,26888,280206,484
Total OI406,188.947316,395525,691316,395473,005

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$10.81$10.00200.8%57.1%199.7%54.7%203.4%-40.3%-0.5%628.4K-122.8M-320.2K0.294.71N/AN/A68,69019,590216,085100,310
2021-01-05$13.64$10.00219.0%57.6%207.2%59.7%202.3%-25.1%-0.5%982.0K-195.0M-348.5K0.277.51N/AN/A140,20238,531218,587104,981
2021-01-06$16.55$10.00233.8%56.4%213.3%63.8%196.3%-18.2%1.9%1.3M-279.8M-374.5K0.296.04N/AN/A160,55647,072233,056109,719
2021-01-07$22.57$11.00318.1%65.9%225.7%87.0%228.0%-14.1%-16.6%1.2M-423.2M-421.7K0.385.76N/AN/A235,98290,286226,276110,291
2021-01-08$25.90$13.00295.8%70.1%219.9%80.9%241.3%-15.3%-12.4%1.2M-502.6M-477.0K0.505.56N/AN/A156,56677,772232,796133,636
2021-01-11$23.32$15.00287.1%70.1%229.9%78.5%243.0%-30.2%-7.1%1.4M-416.1M-513.1K0.697.35N/AN/A148,772103,169246,921150,719
2021-01-12$25.73$15.00213.7%62.6%222.1%58.2%217.1%-17.8%0.4%2.2M-516.3M-585.4K0.648.56N/AN/A96,87162,030271,362177,791
2021-01-13$22.76$15.00220.4%63.2%232.5%60.1%216.6%-31.5%2.5%1.4M-393.5M-584.5K0.535.37N/AN/A127,81667,219269,584185,965
2021-01-14$24.64$18.00231.2%63.2%224.8%63.1%217.9%-38.2%-14.6%2.6M-495.0M-680.9K0.389.82N/AN/A150,98658,117298,492212,736
2021-01-15$22.27$18.00217.4%59.0%227.3%59.3%205.9%-81.8%-29.8%126.5K-349.7M-644.0K0.635.40N/AN/A96,47060,798301,613224,078
2021-01-19$22.21$18.00200.3%57.4%226.6%54.5%203.4%-24.0%3.3%793.7K-286.0M-672.9K0.423.54N/AN/A56,42223,480207,003112,830
2021-01-20$19.41$19.00193.6%55.5%233.8%52.7%198.2%-31.0%12.4%621.3K-213.7M-647.8K0.424.56N/AN/A114,41748,202223,881124,705
2021-01-21$17.69$19.50194.4%55.6%228.7%52.9%196.7%-30.1%0.3%621.5K-169.2M-662.4K0.549.08N/AN/A118,78464,510254,093145,576
2021-01-22$18.32$19.00197.7%58.0%215.9%53.8%206.7%-34.4%-2.2%1.3M-208.0M-718.3K0.486.71N/AN/A103,33449,723276,701167,602
2021-01-25$17.91$19.00205.8%59.0%199.2%56.0%213.3%-49.0%12.8%746.0K-208.3M-704.9K0.245.21N/AN/A71,93117,396245,687152,066
2021-01-26$18.67$19.00221.3%61.8%197.7%60.3%221.1%-39.5%-1.7%1.2M-243.6M-732.3K0.255.53N/AN/A83,63021,153264,487156,912
2021-01-27$17.43$19.00224.4%64.5%197.8%61.2%236.9%-36.6%10.9%995.2K-210.5M-719.9K0.247.57N/AN/A68,01116,608282,107160,735
2021-01-28$19.56$19.00261.7%74.1%199.6%71.5%262.8%-21.9%3.6%1.8M-299.2M-765.5K0.2113.37N/AN/A155,95132,512283,714161,488
2021-01-29$20.64$19.00266.4%75.1%196.9%72.8%263.5%-44.1%-3.1%3.3M-357.6M-787.9K0.347.47N/AN/A153,64152,843305,442167,563