MARA Options History — March 2021

In March 2021, MARA traded between $28.73 and $47.66. ATM implied volatility averaged 192.8%, placing in the 52.5% IV rank vs the trailing year. The 30-day expected move averaged 53.8%. IV traded below realized volatility by 5.1% (HV 20d: 198.0%). Max pain ranged from $20.00 to $38.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.46.

Notable Days

  • 2021-03-31: Highest Volume — 267,321 contracts
  • 2021-03-25: Largest IV spike — 20.5% change
  • 2021-03-05: Highest IV Rank — 67.9%
  • 2021-03-05: Largest Expected Move — 68.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.16$28.73$47.66$37.55$47.66
Max Pain$32.15$20.00$38.00$20.00$38.00
ATM IV192.8%129.3%248.6%226.4%150.9%
Expected Move53.8%38.0%68.5%59.9%40.3%
HV 20d198.0%140.6%236.7%228.4%150.1%
HV 60d201.3%190.2%210.8%206.1%191.9%
IV Rank52.5%34.9%67.9%61.7%40.9%
IV Percentile44.6%4.0%82.9%72.2%13.9%
Term Structure2.2%-10.9%13.2%-0.3%5.1%
VWIV192.8%137.5%245.5%213.7%144.6%
Skew 25d-27.1%-67.3%-9.3%-44.0%-9.3%
Skew 10d-33.4%-74.3%-14.1%-40.8%-19.8%
Call IV 25d211.6%156.8%285.7%253.9%167.7%
Put IV 25d184.5%134.8%220.3%209.9%158.4%
Bid-Ask Spread %5.423.2212.905.307.16
Gamma HHI0.090.050.300.080.10
Net GEX4.1M-1.9M7.7M3.0M7.7M
Net DEX-604.7M-893.7M-284.1M-670.2M-824.0M
Net VEX-1.5M-1.7M-1.4M-1.6M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.280.670.410.53
Total Volume130,106.04387,038267,321148,809267,321
Total OI463,820.696346,691536,426458,957405,927

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$37.55$20.00226.4%59.9%228.4%61.7%213.7%-44.0%-0.3%3.0M-670.2M-1.6M0.415.30N/AN/A105,39943,410297,216161,741
2021-03-02$35.37$21.00230.1%57.9%230.5%62.8%209.4%-27.6%6.1%4.2M-610.2M-1.6M0.434.43N/AN/A64,15727,475324,201170,024
2021-03-03$36.25$23.00225.5%57.4%228.8%61.5%204.9%-21.0%2.9%4.5M-638.4M-1.6M0.355.52N/AN/A69,13324,372330,099178,118
2021-03-04$31.73$30.00228.2%65.0%235.4%62.2%231.1%-27.1%-6.1%2.0M-453.8M-1.5M0.504.13N/AN/A92,77146,268339,659185,496
2021-03-05$30.03$30.00248.6%68.5%236.3%67.9%245.5%-67.3%-2.0%-1.9M-390.8M-1.4M0.454.44N/AN/A109,34649,517340,584195,842
2021-03-08$28.73$30.00238.2%66.0%236.7%65.0%238.3%-49.6%-10.9%1.4M-376.7M-1.4M0.393.83N/AN/A63,96724,657300,045165,048
2021-03-09$36.79$30.00222.1%63.8%221.7%60.5%229.0%-27.5%0.9%4.1M-673.9M-1.6M0.415.79N/AN/A110,52445,078317,016171,617
2021-03-10$38.12$30.00223.8%64.0%212.1%61.0%228.1%-16.5%-1.8%5.2M-732.1M-1.6M0.284.43N/AN/A102,83328,780329,168178,323
2021-03-11$41.65$30.00220.8%63.8%210.9%60.2%224.8%-24.4%-5.1%7.0M-893.7M-1.7M0.346.58N/AN/A97,32233,016341,714184,582
2021-03-12$40.81$31.00214.3%62.3%207.3%58.4%217.3%-12.1%4.1%7.0M-847.2M-1.6M0.494.84N/AN/A82,14240,653347,587188,679
2021-03-15$43.25$32.00212.0%60.8%208.2%57.7%215.4%-27.3%13.2%5.3M-842.4M-1.6M0.464.63N/AN/A75,98534,771304,232159,282
2021-03-16$38.48$33.00195.5%56.1%206.8%53.2%199.9%-37.2%3.9%4.5M-647.1M-1.5M0.443.36N/AN/A70,89731,540317,879167,804
2021-03-17$42.77$34.00197.6%56.6%207.5%53.8%198.6%-27.7%12.6%6.9M-830.9M-1.4M0.415.08N/AN/A114,35446,367324,280177,616
2021-03-18$41.66$35.00191.6%54.7%201.8%52.1%194.1%-30.4%5.2%7.2M-787.0M-1.6M0.473.98N/AN/A107,04550,378333,670183,852
2021-03-19$42.60$35.00179.8%50.2%201.5%48.9%178.1%-25.1%5.5%6.7M-794.6M-1.5M0.393.22N/AN/A91,71436,207335,473192,609
2021-03-22$39.90$35.00153.9%43.1%195.5%41.7%155.4%-27.4%3.0%3.4M-483.7M-1.5M0.623.35N/AN/A73,48445,680226,774119,917
2021-03-23$37.88$35.00141.8%39.2%165.8%38.4%141.2%-22.0%4.9%2.2M-402.5M-1.5M0.674.14N/AN/A57,44538,248241,897139,207
2021-03-24$34.26$38.00129.3%40.3%161.8%34.9%151.4%-18.9%2.3%942.9K-284.1M-1.4M0.5712.90N/AN/A72,36941,263251,923146,698
2021-03-25$34.43$38.00155.8%44.9%158.5%42.2%163.7%-20.7%3.0%1.1M-287.3M-1.4M0.647.62N/AN/A79,45150,876266,033155,664
2021-03-26$35.73$37.00151.8%42.5%158.8%41.1%157.2%-13.9%0.0%1.9M-342.5M-1.5M0.479.71N/AN/A73,50234,844273,461164,028
2021-03-29$37.91$37.00149.2%41.7%140.6%40.4%155.2%-25.4%1.3%2.8M-431.8M-1.5M0.376.82N/AN/A63,31223,726227,146125,459
2021-03-30$44.07$37.50148.3%38.0%148.2%40.2%137.5%-20.9%2.8%6.2M-662.2M-1.6M0.503.34N/AN/A100,76350,077247,503132,783
2021-03-31$47.66$38.00150.9%40.3%150.1%40.9%144.6%-9.3%5.1%7.7M-824.0M-1.7M0.537.16N/AN/A175,24692,075262,392143,535