MARA Options History — December 2021

In December 2021, MARA traded between $32.54 and $51.42. ATM implied volatility averaged 121.3%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 34.6%. IV traded below realized volatility by 2.0% (HV 20d: 123.3%). Max pain ranged from $35.00 to $46.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2021-12-23: Highest Volume — 244,797 contracts
  • 2021-12-07: Largest IV drop — 10.1% change
  • 2021-12-03: Highest IV Rank — 25.5%
  • 2021-12-03: Largest Expected Move — 43.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.89$32.54$51.42$51.42$33.16
Max Pain$37.41$35.00$46.00$45.00$36.00
ATM IV121.3%110.2%146.8%135.3%110.2%
Expected Move34.6%29.9%43.3%37.8%29.9%
HV 20d123.3%97.4%160.2%148.2%111.4%
HV 60d119.8%112.7%123.4%113.0%121.5%
IV Rank14.4%9.6%25.5%20.5%9.6%
IV Percentile43.8%33.3%63.1%55.2%33.3%
Term Structure1.1%-3.7%3.7%1.7%3.2%
VWIV124.2%107.6%150.0%137.6%107.6%
Skew 25d-1.2%-6.0%2.9%-6.0%-2.0%
Skew 10d-4.3%-16.7%6.1%-16.7%-4.3%
Call IV 25d123.6%111.9%146.4%142.0%111.9%
Put IV 25d122.4%109.9%145.3%135.9%109.9%
Bid-Ask Spread %5.312.6212.3112.312.95
Gamma HHI0.070.040.200.070.20
Net GEX3.5M-881.1K9.7M9.7M-881.1K
Net DEX-244.2M-753.1M-24.4M-753.1M-68.1M
Net VEX-2.4M-3.4M-1.9M-3.4M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.220.890.480.34
Total Volume132,825.54567,853244,797207,324125,077
Total OI644,769.636540,119728,596655,040644,552

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$51.42$45.00135.3%37.8%148.2%20.5%137.6%-6.0%1.7%9.7M-753.1M-3.4M0.4812.31N/AN/A140,13667,188435,067219,973
2021-12-02$49.27$46.00134.2%37.3%147.8%20.0%131.9%0.3%0.5%6.2M-588.3M-3.3M0.558.12N/AN/A74,94241,440443,090230,426
2021-12-03$41.10$46.00146.8%43.3%159.2%25.5%150.0%-1.1%0.4%4.1M-237.5M-2.8M0.555.73N/AN/A105,55258,548452,689235,160
2021-12-06$42.25$35.00133.4%38.3%160.2%19.7%136.3%0.8%-0.9%4.1M-316.5M-2.6M0.557.25N/AN/A95,74752,428416,834214,261
2021-12-07$45.43$35.00120.0%35.6%150.3%13.8%129.6%-1.5%2.7%6.9M-456.3M-2.8M0.345.31N/AN/A112,33737,709427,996223,753
2021-12-08$46.52$35.00117.3%35.0%150.4%12.7%124.3%-1.4%3.7%8.7M-513.6M-2.9M0.695.74N/AN/A57,49739,755443,418230,973
2021-12-09$41.54$36.00119.0%35.0%147.0%13.4%128.6%2.4%0.9%3.2M-253.3M-2.6M0.444.65N/AN/A131,18257,580452,330236,673
2021-12-10$40.39$36.00113.9%33.5%143.2%11.2%119.7%2.9%2.2%1.3M-201.6M-2.5M0.614.46N/AN/A85,53851,828479,852248,744
2021-12-13$37.20$36.00120.3%34.2%138.0%14.0%121.9%2.7%-1.5%2.0M-118.4M-2.2M0.7110.54N/AN/A63,82745,395434,432226,456
2021-12-14$37.58$37.00122.3%34.2%101.3%14.8%125.4%1.8%-3.7%2.2M-140.3M-2.3M0.564.32N/AN/A60,61633,675444,333235,795
2021-12-15$38.63$37.00126.1%36.2%102.5%16.5%132.7%-3.5%-0.4%4.4M-217.9M-2.4M0.398.72N/AN/A103,35039,814458,432238,228
2021-12-16$35.32$37.00125.5%35.6%103.8%16.2%126.7%0.8%-2.4%2.0M-84.6M-2.2M0.335.83N/AN/A98,19532,855478,960239,982
2021-12-17$33.92$37.00122.4%34.9%103.9%14.9%125.3%-1.9%-0.4%202.3K-24.4M-2.1M0.894.21N/AN/A64,37957,093486,564241,199
2021-12-20$32.54$37.00123.4%35.2%99.3%15.3%126.5%-0.2%2.3%1.1M-90.9M-1.9M0.453.98N/AN/A46,77621,077357,394182,725
2021-12-21$34.22$37.00112.9%32.4%99.7%10.7%116.3%-0.1%2.2%2.0M-128.3M-2.0M0.592.77N/AN/A54,52932,270366,811187,732
2021-12-22$34.18$36.00112.0%32.1%97.4%10.3%115.6%-1.0%3.7%1.4M-132.0M-2.0M0.353.81N/AN/A61,02021,137375,770196,737
2021-12-23$38.21$36.00116.1%33.2%107.9%12.1%120.6%-5.0%0.8%7.4M-321.5M-2.3M0.343.37N/AN/A182,14262,655388,838201,455
2021-12-27$38.97$36.00117.0%33.2%107.9%12.5%120.5%-5.2%1.9%4.6M-324.4M-2.3M0.222.62N/AN/A128,95327,787377,949191,146
2021-12-28$35.37$36.00116.1%32.3%110.6%12.1%116.3%-2.7%1.5%2.3M-167.6M-2.1M0.442.98N/AN/A92,53940,532395,206198,129
2021-12-29$33.74$36.00111.1%30.8%111.1%9.9%109.4%-3.6%1.9%1.1M-98.0M-1.9M0.412.97N/AN/A72,97329,592412,804205,113
2021-12-30$34.59$35.00112.7%31.1%111.4%10.7%110.2%-2.5%3.0%1.8M-136.8M-2.0M0.344.13N/AN/A85,16429,333417,431209,520
2021-12-31$33.16$36.00110.2%29.9%111.4%9.6%107.6%-2.0%3.2%-881.1K-68.1M-1.9M0.342.95N/AN/A93,59531,482428,346216,206