MARA Options History — February 2021

In February 2021, MARA traded between $20.68 and $48.38. ATM implied volatility averaged 230.3%, placing in the 62.8% IV rank vs the trailing year. The 30-day expected move averaged 63.8%. IV traded above realized volatility by 44.9% (HV 20d: 185.4%). Max pain ranged from $7.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2021-02-08: Highest Volume — 319,027 contracts
  • 2021-02-03: Largest IV drop — 7.8% change
  • 2021-02-18: Highest IV Rank — 69.7%
  • 2021-02-18: Largest Expected Move — 73.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.18$20.68$48.38$20.68$30.29
Max Pain$14.87$7.50$20.00$19.00$20.00
ATM IV230.3%206.2%255.1%239.8%239.7%
Expected Move63.8%57.6%73.2%63.3%62.4%
HV 20d185.4%133.8%220.2%195.5%218.0%
HV 60d205.9%196.2%215.0%196.8%202.5%
IV Rank62.8%56.1%69.7%65.4%65.4%
IV Percentile76.7%65.1%83.3%82.1%81.0%
Term Structure6.9%-12.5%38.2%1.4%13.7%
VWIV224.4%204.5%259.2%223.9%224.8%
Skew 25d-31.3%-56.2%-5.9%-56.2%-29.4%
Skew 10d-38.0%-50.6%-4.3%-40.1%-49.0%
Call IV 25d244.4%208.5%278.7%263.7%253.5%
Put IV 25d213.1%183.0%241.5%207.5%224.1%
Bid-Ask Spread %7.764.3015.795.234.30
Gamma HHI0.090.050.210.060.10
Net GEX2.8M473.8K5.2M1.6M473.8K
Net DEX-669.2M-1.20B-324.1M-324.1M-400.7M
Net VEX-1.1M-1.5M-783.8K-783.8K-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.280.580.520.58
Total Volume174,936.73778,756319,02778,756132,034
Total OI497,009.842422,614581,149424,346558,351

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$20.68$19.00239.8%63.3%195.5%65.4%223.9%-56.2%1.4%1.6M-324.1M-783.8K0.525.23N/AN/A51,87826,878270,543153,803
2021-02-02$22.87$19.50236.7%59.8%196.8%64.6%209.3%-26.0%4.1%2.4M-406.9M-824.8K0.477.30N/AN/A77,16336,217281,405160,257
2021-02-03$23.61$19.50218.3%57.6%182.8%59.5%204.5%-32.9%38.2%3.1M-444.5M-827.0K0.288.05N/AN/A100,39728,328293,716163,443
2021-02-04$23.02$7.50208.7%63.1%172.7%56.8%222.2%-38.9%29.2%3.1M-408.5M-839.3K0.315.04N/AN/A65,31319,936304,257167,610
2021-02-05$22.34$7.50206.2%60.1%133.8%56.1%212.3%-25.5%13.2%2.7M-373.2M-833.0K0.326.49N/AN/A87,37827,580313,907173,331
2021-02-08$31.35$7.50206.5%60.2%174.3%56.2%205.2%-24.8%-0.1%3.1M-727.5M-902.5K0.406.62N/AN/A228,12190,906291,963147,879
2021-02-09$37.67$9.00216.2%62.3%179.2%58.9%210.3%-10.2%1.4%3.3M-943.4M-981.3K0.414.36N/AN/A210,55686,402299,127175,587
2021-02-10$34.10$10.00223.7%61.3%182.1%61.0%212.7%-50.6%-7.9%2.8M-734.6M-1.1M0.456.77N/AN/A139,65363,497307,475201,829
2021-02-11$38.32$13.00236.5%65.3%178.0%64.5%227.4%-40.1%-12.5%4.2M-954.6M-1.2M0.3612.07N/AN/A166,94660,368327,719218,881
2021-02-12$38.48$13.00234.7%66.6%177.0%64.0%236.7%-33.9%-4.7%3.1M-946.6M-1.2M0.3913.06N/AN/A162,01363,355342,112227,100
2021-02-16$43.95$13.00228.2%65.6%174.8%62.2%225.4%-28.5%21.4%3.9M-1.03B-1.2M0.515.11N/AN/A109,92456,604292,826185,134
2021-02-17$48.38$14.00239.2%68.6%175.6%65.3%234.6%-26.4%0.5%3.9M-1.20B-1.3M0.379.72N/AN/A164,61161,634304,647201,820
2021-02-18$42.13$15.00255.1%73.2%176.1%69.7%259.2%-37.2%2.5%3.3M-921.3M-1.4M0.576.82N/AN/A99,67356,518326,777220,229
2021-02-19$43.64$17.00246.8%70.4%169.1%67.4%246.1%-33.1%6.3%5.2M-1.01B-1.5M0.4515.79N/AN/A129,61358,436344,877236,272
2021-02-22$37.62$18.00236.1%63.3%182.6%64.4%231.0%-31.8%2.7%1.6M-619.6M-1.4M0.5511.35N/AN/A87,30947,929274,812147,802
2021-02-23$28.37$20.00231.3%63.0%214.1%63.1%228.2%-19.3%4.5%625.1K-325.3M-1.2M0.464.63N/AN/A141,78065,402299,793167,630
2021-02-24$33.15$20.00238.2%62.4%219.2%65.0%222.1%-45.0%8.7%2.4M-533.3M-1.5M0.326.06N/AN/A126,84040,355340,325180,718
2021-02-25$30.47$20.00233.3%63.8%220.2%63.6%227.2%-5.9%8.2%1.6M-413.9M-1.4M0.318.62N/AN/A116,17936,072348,286190,944
2021-02-26$30.29$20.00239.7%62.4%218.0%65.4%224.8%-29.4%13.7%473.8K-400.7M-1.4M0.584.30N/AN/A83,45448,580362,231196,120