MARA Options History — April 2021

In April 2021, MARA traded between $31.27 and $56.26. ATM implied volatility averaged 142.0%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 40.7%. IV traded above realized volatility by 7.3% (HV 20d: 134.6%). Max pain ranged from $38.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.49.

Notable Days

2021-04-14: Highest Volume — 275,487 contracts
2021-04-13: Largest IV spike — 14.3% change
2021-04-14: Highest IV Rank — 44.0%
2021-04-14: Largest Expected Move — 45.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.43	$31.27	$56.26	$48.69	$36.60
Max Pain	$40.21	$38.00	$45.00	$45.00	$38.00
ATM IV	142.0%	125.4%	162.2%	147.5%	125.4%
Expected Move	40.7%	35.9%	45.0%	39.9%	35.9%
HV 20d	134.6%	127.8%	145.6%	139.7%	132.3%
HV 60d	174.9%	171.6%	187.0%	187.0%	174.3%
IV Rank	38.4%	33.9%	44.0%	40.0%	33.9%
IV Percentile	9.8%	4.0%	20.6%	10.3%	4.0%
Term Structure	-1.4%	-10.0%	13.6%	-8.9%	-1.5%
VWIV	144.1%	126.7%	160.0%	144.0%	126.7%
Skew 25d	-11.1%	-27.1%	0.3%	-22.5%	-3.2%
Skew 10d	-16.9%	-47.6%	7.2%	-25.5%	-5.7%
Call IV 25d	150.3%	129.4%	171.6%	162.6%	129.4%
Put IV 25d	139.2%	120.9%	156.8%	140.1%	126.1%
Bid-Ask Spread %	4.18	2.98	5.85	2.98	4.28
Gamma HHI	0.07	0.04	0.13	0.13	0.11
Net GEX	3.6M	331.2K	7.8M	5.5M	7.8M
Net DEX	-457.1M	-972.6M	-123.1M	-814.8M	-410.3M
Net VEX	-1.9M	-2.0M	-1.7M	-1.8M	-1.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.29	0.72	0.44	0.51
Total Volume	175,685.238	69,960	275,487	202,344	246,026
Total OI	497,715.714	392,379	586,393	458,264	546,519

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-04-01	$48.69	$45.00	147.5%	39.9%	139.7%	40.0%	144.0%	-22.5%	-8.9%	5.5M	-814.8M	-1.8M	0.44	2.98	N/A	N/A	140,067	62,277	278,897	179,367
2021-04-05	$56.26	$40.00	137.5%	38.6%	143.1%	37.2%	135.4%	-15.2%	-7.4%	6.1M	-972.6M	-1.8M	0.69	4.27	N/A	N/A	76,392	52,703	243,069	149,310
2021-04-06	$52.24	$40.00	134.3%	38.6%	145.6%	36.3%	135.1%	-17.5%	1.7%	4.4M	-772.9M	-1.9M	0.58	3.75	N/A	N/A	91,144	52,515	258,438	174,613
2021-04-07	$46.32	$40.00	132.0%	39.9%	130.5%	35.7%	140.1%	-11.9%	13.6%	2.7M	-509.2M	-1.9M	0.67	5.27	N/A	N/A	105,292	70,267	279,294	187,122
2021-04-08	$49.74	$40.00	136.8%	39.7%	131.9%	37.0%	139.9%	0.3%	2.2%	6.2M	-705.6M	-2.0M	0.43	3.85	N/A	N/A	109,387	47,214	295,484	198,267
2021-04-09	$48.86	$40.00	130.8%	38.9%	129.3%	35.4%	136.6%	-24.1%	2.8%	3.7M	-630.2M	-1.9M	0.42	4.56	N/A	N/A	126,156	53,283	306,051	203,825
2021-04-12	$49.86	$40.00	140.4%	40.0%	128.9%	38.0%	140.6%	-27.1%	-2.2%	4.5M	-701.7M	-1.9M	0.38	4.18	N/A	N/A	128,313	48,681	259,871	165,035
2021-04-13	$51.17	$40.00	160.4%	42.5%	127.8%	43.5%	149.3%	-4.9%	-6.6%	6.5M	-789.0M	-2.0M	0.37	5.85	N/A	N/A	147,625	53,945	288,259	178,432
2021-04-14	$43.20	$42.00	162.2%	45.0%	135.7%	44.0%	160.0%	-20.0%	-10.0%	2.9M	-432.6M	-1.9M	0.44	4.45	N/A	N/A	191,669	83,818	311,936	183,697
2021-04-15	$41.93	$42.00	149.3%	42.5%	131.0%	40.5%	149.8%	-12.3%	-4.4%	2.7M	-369.1M	-1.9M	0.43	5.10	N/A	N/A	174,827	74,542	352,353	200,414
2021-04-16	$38.78	$41.00	142.8%	42.8%	133.5%	38.7%	151.8%	-11.7%	7.6%	609.5K	-239.2M	-1.9M	0.52	4.46	N/A	N/A	133,643	69,130	374,300	212,093
2021-04-19	$35.08	$41.00	153.3%	43.9%	137.4%	41.6%	157.0%	-11.7%	-1.7%	1.7M	-242.9M	-1.7M	0.52	3.17	N/A	N/A	120,422	63,081	284,230	161,717
2021-04-20	$33.22	$40.00	154.6%	44.3%	136.9%	41.9%	157.7%	-9.8%	-0.7%	1.6M	-200.1M	-1.7M	0.52	4.69	N/A	N/A	116,458	60,824	309,561	176,245
2021-04-21	$34.47	$40.00	150.2%	43.1%	136.8%	40.7%	152.2%	-8.8%	-2.4%	2.4M	-257.9M	-1.8M	0.52	3.31	N/A	N/A	96,982	50,590	335,672	196,722
2021-04-22	$31.27	$40.00	149.9%	43.1%	136.6%	40.6%	153.5%	-8.2%	-3.3%	331.2K	-123.1M	-1.7M	0.55	3.72	N/A	N/A	110,934	61,083	346,746	206,263
2021-04-23	$32.27	$40.00	146.5%	42.1%	137.1%	39.7%	149.2%	-7.2%	-1.7%	1.8M	-157.3M	-1.8M	0.72	4.50	N/A	N/A	119,598	85,944	362,933	215,027
2021-04-26	$33.94	$40.00	138.0%	40.1%	137.7%	37.3%	144.1%	-5.6%	-2.2%	2.3M	-275.1M	-1.8M	0.29	3.79	N/A	N/A	104,454	30,649	300,472	178,456
2021-04-27	$33.98	$39.00	132.4%	38.6%	135.8%	35.8%	137.4%	-6.0%	-1.6%	3.3M	-279.6M	-1.8M	0.39	3.81	N/A	N/A	50,220	19,740	324,385	184,033
2021-04-28	$37.81	$38.00	128.1%	37.0%	129.9%	34.6%	132.9%	-3.2%	-0.4%	6.2M	-446.4M	-1.9M	0.38	4.28	N/A	N/A	104,384	39,931	327,045	187,421
2021-04-29	$34.24	$38.50	128.9%	37.1%	129.6%	34.8%	132.0%	-1.5%	-2.1%	3.2M	-268.9M	-1.8M	0.49	3.59	N/A	N/A	77,518	37,662	336,666	191,790
2021-04-30	$36.60	$38.00	125.4%	35.9%	132.3%	33.9%	126.7%	-3.2%	-1.5%	7.8M	-410.3M	-1.9M	0.51	4.28	N/A	N/A	162,899	83,127	348,146	198,373