MARA Options History — May 2021

In May 2021, MARA traded between $19.92 and $36.14. ATM implied volatility averaged 137.1%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 39.3%. IV traded above realized volatility by 15.4% (HV 20d: 121.7%). Max pain ranged from $25.00 to $38.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2021-05-13: Highest Volume — 213,516 contracts
  • 2021-05-19: Largest IV spike — 10.2% change
  • 2021-05-19: Highest IV Rank — 43.8%
  • 2021-05-19: Largest Expected Move — 45.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.77$19.92$36.14$36.14$24.63
Max Pain$26.93$25.00$38.00$38.00$25.00
ATM IV137.1%121.0%158.1%124.4%126.6%
Expected Move39.3%35.4%45.3%36.0%35.4%
HV 20d121.7%106.3%131.3%118.3%124.1%
HV 60d150.9%133.2%174.9%174.2%133.2%
IV Rank37.7%32.6%43.8%33.6%35.0%
IV Percentile10.7%3.6%25.0%3.6%4.0%
Term Structure0.4%-3.2%5.3%-0.1%5.1%
VWIV139.2%126.5%159.7%128.1%126.5%
Skew 25d2.2%-6.9%8.9%-6.9%2.5%
Skew 10d4.8%-8.6%15.8%-0.2%4.8%
Call IV 25d137.4%124.8%155.0%127.0%126.1%
Put IV 25d139.6%120.1%162.7%120.1%128.6%
Bid-Ask Spread %5.063.339.553.875.23
Gamma HHI0.070.040.220.060.22
Net GEX1.8M93.7K4.2M3.6M4.1M
Net DEX-130.3M-352.4M31.4M-352.4M-189.5M
Net VEX-1.4M-1.8M-1.0M-1.8M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.340.980.410.64
Total Volume130,542.170,588213,516113,48691,948
Total OI502,435.4442,647569,270445,753537,428

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$36.14$38.00124.4%36.0%118.3%33.6%128.1%-6.9%-0.1%3.6M-352.4M-1.8M0.413.87N/AN/A80,28433,202283,475162,278
2021-05-04$33.51$37.00133.3%38.7%118.4%36.1%136.2%-1.5%-3.0%2.6M-261.4M-1.7M0.514.81N/AN/A78,52939,676304,402172,335
2021-05-05$33.61$36.50127.7%36.9%112.8%34.5%131.3%-3.3%-0.2%2.8M-264.0M-1.7M0.403.89N/AN/A76,47930,483315,413181,818
2021-05-06$31.01$25.00130.3%37.5%110.1%35.2%133.0%-3.4%0.6%593.2K-154.6M-1.6M0.403.71N/AN/A97,17938,714325,708186,775
2021-05-07$31.28$25.00121.0%36.0%110.7%32.6%127.2%-2.9%2.4%2.1M-163.8M-1.6M0.487.26N/AN/A82,99439,625342,512191,965
2021-05-10$27.86$26.00128.0%36.9%114.2%34.6%131.5%-1.1%1.6%890.8K-114.8M-1.4M0.345.00N/AN/A83,72828,802280,398162,249
2021-05-11$25.97$26.00137.5%39.3%113.2%37.2%139.4%-0.4%-0.8%871.4K-77.2M-1.4M0.555.37N/AN/A84,35446,231301,031170,092
2021-05-12$23.07$25.00145.2%41.3%106.3%40.2%145.2%3.7%-1.2%409.8K-18.3M-1.2M0.494.36N/AN/A70,70434,439317,559178,727
2021-05-13$19.92$25.00151.4%43.3%113.9%42.0%153.2%3.4%-3.2%93.7K31.4M-1.0M0.986.09N/AN/A107,710105,806328,314179,633
2021-05-14$23.04$25.00145.9%41.6%129.8%40.4%146.9%4.5%-1.7%1.8M-62.5M-1.3M0.573.33N/AN/A133,74876,361347,894191,786
2021-05-17$21.94$25.00152.3%43.6%127.2%42.2%154.5%4.5%-2.7%791.6K-48.4M-1.2M0.824.13N/AN/A64,37952,783303,508172,973
2021-05-18$23.14$25.00143.5%41.2%129.4%39.7%145.6%3.9%0.3%1.5M-84.5M-1.3M0.754.97N/AN/A55,86141,735318,970184,593
2021-05-19$21.34$25.00158.1%45.3%129.5%43.8%159.7%8.9%0.1%745.7K-42.1M-1.2M0.875.34N/AN/A83,32072,420328,247190,598
2021-05-20$21.90$25.00148.8%42.7%127.7%41.2%150.4%7.6%-0.6%1.4M-66.4M-1.3M0.496.76N/AN/A98,77447,991345,816201,933
2021-05-21$20.78$25.00145.9%41.5%126.8%40.4%145.8%5.9%3.2%749.0K-28.2M-1.2M0.815.03N/AN/A85,82969,533361,483207,787
2021-05-24$22.88$25.00132.0%37.9%131.3%36.5%134.6%4.3%5.3%1.3M-115.4M-1.3M0.549.55N/AN/A84,02844,982280,677172,373
2021-05-25$22.79$25.00132.6%37.9%131.2%36.7%134.2%5.3%-0.1%2.3M-130.7M-1.4M0.474.23N/AN/A47,94222,646311,543178,289
2021-05-26$25.34$25.00128.1%36.6%131.1%35.4%129.5%3.5%-0.3%4.0M-235.0M-1.5M0.463.62N/AN/A111,14151,637318,681184,231
2021-05-27$25.28$25.00129.3%37.2%127.8%35.7%130.3%5.3%2.5%4.2M-227.8M-1.5M0.424.70N/AN/A80,77334,072331,335193,879
2021-05-28$24.63$25.00126.6%35.4%124.1%35.0%126.5%2.5%5.1%4.1M-189.5M-1.5M0.645.23N/AN/A56,17135,777339,357198,071