MARA Options History — November 2021

In November 2021, MARA traded between $49.73 and $76.46. ATM implied volatility averaged 134.1%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 38.3%. IV traded above realized volatility by 4.4% (HV 20d: 129.7%). Max pain ranged from $39.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2021-11-15: Highest Volume — 274,364 contracts
  • 2021-11-10: Largest IV drop — 24.1% change
  • 2021-11-09: Highest IV Rank — 37.6%
  • 2021-11-09: Largest Expected Move — 48.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.48$49.73$76.46$54.79$50.56
Max Pain$43.10$39.00$45.00$43.00$45.00
ATM IV134.1%109.7%174.6%109.7%138.8%
Expected Move38.3%31.8%48.8%31.8%37.6%
HV 20d129.7%87.2%159.0%87.2%156.8%
HV 60d103.2%84.2%115.3%84.2%115.1%
IV Rank20.0%9.4%37.6%9.4%22.0%
IV Percentile50.6%31.0%64.3%31.0%57.5%
Term Structure0.6%-4.4%4.1%0.8%4.1%
VWIV140.4%113.7%171.5%113.7%136.7%
Skew 25d-19.5%-36.4%-8.0%-8.0%-12.7%
Skew 10d-32.7%-68.2%-2.8%-2.8%-27.0%
Call IV 25d150.0%117.3%190.2%117.3%150.7%
Put IV 25d130.5%109.3%168.3%109.3%138.0%
Bid-Ask Spread %6.713.1511.453.1510.23
Gamma HHI0.080.070.120.080.07
Net GEX10.7M5.8M16.3M12.0M9.0M
Net DEX-1.19B-2.11B-631.1M-1.06B-730.4M
Net VEX-3.7M-4.1M-3.3M-3.3M-3.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.330.720.480.43
Total Volume160,730.23889,000274,364173,346122,850
Total OI638,109.714533,937752,869533,937638,025

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$54.79$43.00109.7%31.8%87.2%9.4%113.7%-8.0%0.8%12.0M-1.06B-3.3M0.483.15N/AN/A117,02356,323355,149178,788
2021-11-02$62.76$44.00120.6%36.0%91.9%14.1%128.2%-9.3%0.4%14.0M-1.52B-3.6M0.334.69N/AN/A192,71563,659370,830198,438
2021-11-03$64.63$45.00123.1%36.6%91.5%15.2%130.7%-10.2%-1.2%15.0M-1.60B-3.7M0.554.17N/AN/A100,02154,735383,992212,270
2021-11-04$64.62$39.00126.8%35.7%91.1%16.8%126.3%-11.3%-1.9%15.8M-1.62B-3.7M0.513.95N/AN/A79,16640,650394,899218,249
2021-11-05$63.90$39.00121.3%34.8%92.0%14.4%124.3%-11.7%1.1%15.7M-1.56B-3.7M0.423.85N/AN/A70,08729,282399,962225,158
2021-11-08$74.72$39.00145.0%41.3%101.0%24.7%143.9%-9.3%-0.9%11.7M-1.98B-3.7M0.509.95N/AN/A148,41574,659358,249191,365
2021-11-09$76.38$40.00174.6%48.8%95.4%37.6%171.5%-21.9%-4.4%11.1M-2.05B-4.0M0.4411.45N/AN/A102,64045,399380,456215,947
2021-11-10$65.81$40.00132.5%37.9%113.6%19.3%138.5%-19.3%-0.8%10.0M-1.44B-3.9M0.396.59N/AN/A130,92450,614397,583227,915
2021-11-11$70.29$42.00130.4%37.6%114.2%18.4%133.7%-17.9%0.7%13.4M-1.71B-4.0M0.498.12N/AN/A83,78041,185415,755236,197
2021-11-12$76.46$42.00150.0%43.3%111.9%26.9%154.6%-20.3%2.1%16.3M-2.11B-4.1M0.619.42N/AN/A115,69870,683419,621242,802
2021-11-15$57.27$43.00144.7%41.3%156.4%24.6%157.1%-23.6%0.2%7.2M-980.4M-3.7M0.569.26N/AN/A175,58198,783386,586215,309
2021-11-16$55.24$44.00130.6%37.5%156.4%18.4%141.8%-31.4%2.3%7.2M-828.1M-3.7M0.595.24N/AN/A151,31989,564431,039244,387
2021-11-17$51.30$45.00128.9%37.0%158.6%17.7%143.7%-31.2%0.7%5.8M-631.1M-3.6M0.725.28N/AN/A107,97177,398450,107256,739
2021-11-18$51.10$45.00126.7%36.6%158.1%16.7%139.1%-30.0%-0.6%6.9M-662.5M-3.6M0.706.28N/AN/A81,36557,265478,225266,436
2021-11-19$54.42$45.00138.4%39.6%159.0%21.8%150.2%-36.4%0.2%12.3M-909.3M-3.8M0.384.45N/AN/A137,68752,779484,448268,421
2021-11-22$49.73$45.00127.3%36.1%157.6%17.0%139.4%-23.5%-0.2%7.2M-669.6M-3.5M0.387.58N/AN/A107,80841,102416,336212,759
2021-11-23$51.87$45.00142.2%39.9%158.2%23.5%148.8%-23.7%-0.5%10.0M-819.0M-3.7M0.336.13N/AN/A89,56829,599442,068221,927
2021-11-24$52.15$45.00134.4%38.0%156.9%20.1%145.6%-24.4%2.9%10.2M-810.2M-3.7M0.577.97N/AN/A56,86332,137448,421224,799
2021-11-26$49.74$45.00137.8%39.1%157.8%21.6%144.0%-16.2%3.5%6.5M-657.9M-3.5M0.635.41N/AN/A54,95834,530452,350227,444
2021-11-29$51.33$45.00133.2%37.0%158.1%19.6%136.1%-16.9%3.8%8.2M-744.7M-3.4M0.337.81N/AN/A81,60626,944405,612205,241
2021-11-30$50.56$45.00138.8%37.6%156.8%22.0%136.7%-12.7%4.1%9.0M-730.4M-3.4M0.4310.23N/AN/A85,62237,228426,733211,292