MARA Options History — January 2022

In January 2022, MARA traded between $19.97 and $34.13. ATM implied volatility averaged 118.6%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 34.1%. IV traded above realized volatility by 27.8% (HV 20d: 90.8%). Max pain ranged from $35.00 to $42.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.56.

Notable Days

2022-01-24: Highest Volume — 154,867 contracts
2022-01-06: Largest IV drop — 10.6% change
2022-01-24: Highest IV Rank — 26.7%
2022-01-24: Largest Expected Move — 39.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.51	$19.97	$34.13	$32.87	$23.36
Max Pain	$36.55	$35.00	$42.00	$35.00	$35.00
ATM IV	118.6%	107.2%	135.8%	107.2%	111.8%
Expected Move	34.1%	28.4%	39.9%	28.4%	32.6%
HV 20d	90.8%	79.8%	99.0%	93.7%	94.1%
HV 60d	120.1%	116.7%	123.1%	121.5%	117.9%
IV Rank	16.3%	8.3%	26.7%	8.3%	14.1%
IV Percentile	46.9%	28.2%	69.0%	28.2%	37.7%
Term Structure	-0.2%	-4.5%	2.8%	0.6%	0.3%
VWIV	120.3%	100.7%	142.2%	100.7%	114.9%
Skew 25d	6.6%	-0.8%	16.1%	-0.8%	8.5%
Skew 10d	13.3%	1.2%	27.2%	1.2%	18.6%
Call IV 25d	116.6%	106.3%	130.8%	110.2%	109.7%
Put IV 25d	123.2%	109.3%	142.2%	109.3%	118.2%
Bid-Ask Spread %	3.72	2.29	6.13	6.13	3.61
Gamma HHI	0.05	0.04	0.12	0.05	0.04
Net GEX	568.5K	-818.3K	3.2M	1.0M	1.0M
Net DEX	12.1M	-135.1M	123.4M	-91.5M	6.8M
Net VEX	-1.5M	-1.9M	-1.2M	-1.8M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.25	1.13	0.48	0.36
Total Volume	116,736.2	68,061	154,867	88,454	87,756
Total OI	590,371.2	432,250	678,011	569,469	482,691

Daily Data (20 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
2022-01-03	$32.87	$35.00	107.2%	28.4%	93.7%	8.3%	100.7%	-0.8%	0.6%	1.0M	-91.5M	-1.8M	0.48	6.13	N/A	N/A	59,591	28,863	378,306	191,163
2022-01-04	$34.13	$35.00	109.3%	29.1%	94.3%	9.2%	102.3%	1.5%	0.4%	1.6M	-135.1M	-1.9M	0.39	2.98	N/A	N/A	105,826	40,861	387,610	200,473
2022-01-05	$29.76	$35.00	120.6%	33.8%	99.0%	14.1%	119.8%	0.6%	1.3%	-219.6K	-5.3M	-1.7M	0.61	4.10	N/A	N/A	90,461	54,803	407,118	208,039
2022-01-06	$29.31	$42.00	107.8%	31.6%	97.6%	8.5%	112.7%	4.5%	2.8%	-792.5K	32.0M	-1.6M	0.74	3.88	N/A	N/A	81,808	60,239	417,832	220,148
2022-01-07	$28.57	$42.00	112.2%	31.9%	91.6%	11.5%	111.8%	4.9%	-1.1%	-693.2K	63.5M	-1.6M	0.89	4.92	N/A	N/A	75,679	67,291	421,770	228,919
2022-01-10	$28.53	$40.00	116.1%	33.0%	91.8%	14.0%	117.0%	5.5%	-0.8%	419.3K	1.1M	-1.6M	0.60	3.91	N/A	N/A	66,229	39,855	387,099	206,473
2022-01-11	$29.62	$40.00	112.8%	32.4%	90.4%	13.8%	115.2%	5.1%	0.2%	1.7M	-48.0M	-1.7M	0.25	3.22	N/A	N/A	105,415	26,083	402,791	217,495
2022-01-12	$30.48	$40.00	110.1%	32.0%	91.2%	12.3%	111.7%	3.8%	2.3%	3.2M	-85.2M	-1.8M	0.25	3.95	N/A	N/A	105,286	26,587	421,733	222,290
2022-01-13	$28.16	$36.00	114.0%	32.7%	93.1%	14.5%	115.4%	3.8%	0.8%	1.0M	-7.8M	-1.7M	0.35	2.80	N/A	N/A	85,701	30,422	442,684	225,657
2022-01-14	$28.59	$36.00	112.7%	32.6%	89.5%	13.8%	114.1%	3.8%	2.4%	1.0M	-14.3M	-1.7M	0.44	2.70	N/A	N/A	82,654	36,748	447,505	230,506
2022-01-18	$26.19	$35.00	120.6%	34.6%	93.1%	18.2%	121.3%	4.9%	-2.5%	306.9K	38.4M	-1.5M	0.46	2.74	N/A	N/A	46,497	21,564	415,302	215,675
2022-01-19	$25.12	$35.00	117.8%	33.8%	93.1%	16.6%	119.0%	4.8%	-1.0%	-117.2K	67.5M	-1.4M	0.46	2.29	N/A	N/A	48,275	22,402	421,654	221,395
2022-01-20	$25.19	$35.00	117.2%	33.6%	90.3%	16.3%	117.2%	7.5%	-0.6%	-59.8K	71.2M	-1.4M	0.67	3.12	N/A	N/A	65,689	44,225	427,675	223,283
2022-01-21	$22.36	$35.00	126.6%	36.5%	97.3%	21.6%	128.6%	13.1%	-0.5%	-818.3K	123.4M	-1.2M	1.13	3.37	N/A	N/A	68,604	77,272	439,971	227,930
2022-01-24	$22.63	$35.00	135.8%	39.9%	84.9%	26.7%	141.5%	11.4%	-2.1%	289.6K	33.7M	-1.3M	0.77	4.86	N/A	N/A	87,310	67,557	282,261	149,989
2022-01-25	$22.43	$35.00	132.3%	39.2%	83.4%	24.7%	137.9%	10.6%	-0.2%	773.2K	21.7M	-1.4M	0.47	4.40	N/A	N/A	67,766	31,726	315,319	165,563
2022-01-26	$21.35	$35.00	132.5%	38.6%	79.8%	24.8%	133.8%	10.5%	-3.0%	688.5K	43.7M	-1.3M	0.48	4.37	N/A	N/A	76,377	36,860	329,285	172,332
2022-01-27	$19.97	$35.00	131.6%	39.0%	80.8%	24.4%	142.2%	16.1%	-4.5%	46.4K	80.1M	-1.2M	0.70	3.86	N/A	N/A	60,306	42,516	338,473	176,721
2022-01-28	$21.62	$35.00	122.5%	36.1%	87.5%	19.3%	128.2%	11.9%	0.7%	924.5K	45.3M	-1.3M	0.68	3.27	N/A	N/A	66,279	45,341	348,055	188,239
2022-01-31	$23.36	$35.00	111.8%	32.6%	94.1%	14.1%	114.9%	8.5%	0.3%	1.0M	6.8M	-1.4M	0.36	3.61	N/A	N/A	64,460	23,296	314,324	168,367