MARA Options History — July 2021

In July 2021, MARA traded between $22.18 and $30.77. ATM implied volatility averaged 108.1%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 31.3%. IV traded above realized volatility by 33.2% (HV 20d: 74.9%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.49.

Notable Days

2021-07-26: Highest Volume — 195,468 contracts
2021-07-26: Largest IV spike — 12.2% change
2021-07-26: Highest IV Rank — 10.8%
2021-07-26: Largest Expected Move — 34.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.67	$22.18	$30.77	$30.77	$27.61
Max Pain	$27.62	$27.00	$30.00	$30.00	$27.00
ATM IV	108.1%	99.4%	119.5%	102.4%	109.8%
Expected Move	31.3%	25.3%	34.7%	26.9%	31.0%
HV 20d	74.9%	58.8%	96.6%	75.4%	96.3%
HV 60d	100.1%	94.3%	106.6%	106.6%	100.8%
IV Rank	6.5%	3.2%	10.8%	4.4%	7.2%
IV Percentile	7.0%	0.8%	14.7%	0.8%	9.9%
Term Structure	1.5%	-5.4%	6.9%	4.6%	2.0%
VWIV	110.9%	89.5%	124.9%	94.8%	110.7%
Skew 25d	-1.9%	-10.0%	3.1%	-2.1%	-4.5%
Skew 10d	-1.8%	-10.0%	5.8%	-6.0%	-2.5%
Call IV 25d	111.0%	100.6%	126.7%	104.7%	113.8%
Put IV 25d	109.2%	99.1%	116.7%	102.7%	109.3%
Bid-Ask Spread %	3.33	2.16	5.85	3.27	4.19
Gamma HHI	0.05	0.04	0.11	0.07	0.05
Net GEX	2.3M	-177.2K	5.3M	5.3M	2.4M
Net DEX	-182.3M	-309.0M	-60.6M	-302.2M	-245.4M
Net VEX	-1.6M	-1.8M	-1.3M	-1.8M	-1.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.26	0.83	0.56	0.43
Total Volume	72,693.048	43,193	195,468	58,177	79,818
Total OI	425,521.857	371,770	478,744	460,598	478,744

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
2021-07-01	$30.77	$30.00	102.4%	26.9%	75.4%	4.4%	94.8%	-2.1%	4.6%	5.3M	-302.2M	-1.8M	0.56	3.27	N/A	N/A	37,319	20,858	289,525	171,073
2021-07-02	$30.24	$30.00	99.4%	25.3%	76.1%	3.2%	89.5%	-1.9%	4.5%	3.0M	-263.6M	-1.7M	0.61	3.37	N/A	N/A	40,104	24,591	292,134	174,201
2021-07-06	$29.61	$27.00	104.6%	32.4%	76.8%	5.2%	113.9%	-1.4%	4.8%	2.5M	-233.6M	-1.7M	0.40	2.16	N/A	N/A	39,094	15,587	251,235	143,466
2021-07-07	$28.69	$27.00	102.7%	31.9%	77.4%	4.5%	112.1%	-4.5%	3.6%	2.0M	-197.4M	-1.6M	0.31	2.93	N/A	N/A	41,909	12,845	259,905	148,525
2021-07-08	$27.81	$27.00	103.5%	32.1%	71.3%	4.8%	112.7%	-1.3%	4.4%	1.5M	-165.6M	-1.6M	0.45	2.22	N/A	N/A	34,507	15,672	267,754	150,892
2021-07-09	$27.64	$28.00	101.5%	31.1%	71.3%	4.0%	109.1%	-0.7%	6.9%	1.2M	-153.2M	-1.5M	0.48	2.42	N/A	N/A	42,155	20,136	271,486	153,942
2021-07-12	$27.27	$27.00	102.2%	30.4%	71.4%	4.3%	107.4%	2.1%	2.9%	1.9M	-161.2M	-1.5M	0.32	2.40	N/A	N/A	52,349	16,807	248,174	141,664
2021-07-13	$26.07	$27.00	104.2%	30.9%	58.8%	5.1%	109.7%	-0.6%	3.6%	1.5M	-135.2M	-1.5M	0.45	2.19	N/A	N/A	29,772	13,421	268,519	146,303
2021-07-14	$24.68	$28.00	110.5%	31.5%	59.9%	7.4%	111.1%	-3.0%	0.3%	618.9K	-94.0M	-1.4M	0.43	3.22	N/A	N/A	35,838	15,536	272,047	150,121
2021-07-15	$24.41	$28.00	114.3%	31.9%	59.8%	8.8%	113.9%	-1.1%	-5.4%	815.0K	-90.8M	-1.4M	0.65	3.06	N/A	N/A	31,077	20,190	279,938	152,442
2021-07-16	$23.35	$28.00	106.8%	31.3%	60.7%	6.0%	111.0%	-2.1%	5.6%	-177.2K	-60.6M	-1.4M	0.83	3.87	N/A	N/A	34,986	29,124	284,140	154,679
2021-07-19	$22.18	$28.00	114.4%	32.8%	60.6%	8.9%	117.1%	0.7%	-3.6%	622.5K	-73.0M	-1.3M	0.79	4.06	N/A	N/A	33,331	26,316	244,349	127,421
2021-07-20	$22.77	$28.00	111.8%	32.3%	61.5%	7.9%	114.8%	3.1%	-3.7%	799.5K	-84.5M	-1.3M	0.72	4.28	N/A	N/A	37,736	27,172	255,573	135,953
2021-07-21	$25.09	$28.00	112.6%	32.3%	72.2%	8.2%	114.0%	1.3%	1.8%	2.5M	-166.7M	-1.5M	0.32	3.58	N/A	N/A	94,973	30,225	265,732	142,792
2021-07-22	$25.11	$27.00	110.1%	31.7%	71.9%	7.3%	111.4%	0.0%	-1.1%	3.4M	-179.7M	-1.6M	0.27	3.38	N/A	N/A	57,583	15,454	289,362	149,840
2021-07-23	$24.53	$27.00	106.5%	30.6%	67.3%	5.9%	107.5%	1.3%	-0.9%	3.0M	-148.3M	-1.5M	0.40	3.49	N/A	N/A	48,568	19,333	297,925	151,491
2021-07-26	$29.63	$27.00	119.5%	34.7%	95.1%	10.8%	124.9%	-10.0%	-1.0%	3.1M	-309.0M	-1.8M	0.26	5.85	N/A	N/A	154,563	40,905	259,592	131,211
2021-07-27	$26.95	$27.00	114.1%	33.5%	96.6%	8.7%	118.9%	-5.9%	0.1%	3.0M	-232.4M	-1.6M	0.44	3.13	N/A	N/A	69,112	30,376	268,587	135,205
2021-07-28	$28.18	$27.00	110.1%	31.7%	96.3%	7.2%	114.1%	-4.9%	1.6%	4.8M	-279.0M	-1.8M	0.41	3.69	N/A	N/A	54,122	22,182	313,079	148,828
2021-07-29	$27.56	$27.00	109.1%	31.0%	96.5%	6.9%	110.1%	-4.2%	0.5%	5.1M	-252.2M	-1.7M	0.65	3.20	N/A	N/A	36,813	24,095	318,548	149,562
2021-07-30	$27.61	$27.00	109.8%	31.0%	96.3%	7.2%	110.7%	-4.5%	2.0%	2.4M	-245.4M	-1.7M	0.43	4.19	N/A	N/A	55,896	23,922	324,171	154,573