MARA Options History — March 2022

In March 2022, MARA traded between $21.32 and $31.27. ATM implied volatility averaged 113.5%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 33.1%. IV traded above realized volatility by 3.7% (HV 20d: 109.8%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.55.

Notable Days

2022-03-28: Highest Volume — 185,109 contracts
2022-03-18: Largest IV drop — 8.9% change
2022-03-15: Highest IV Rank — 34.7%
2022-03-07: Largest Expected Move — 38.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.30	$21.32	$31.27	$26.01	$28.10
Max Pain	$26.85	$25.00	$30.00	$30.00	$25.00
ATM IV	113.5%	97.7%	132.4%	132.4%	103.4%
Expected Move	33.1%	29.4%	38.9%	38.6%	30.1%
HV 20d	109.8%	102.6%	117.9%	116.4%	105.0%
HV 60d	104.8%	100.4%	107.7%	107.4%	106.2%
IV Rank	21.2%	11.1%	34.7%	27.6%	17.7%
IV Percentile	39.5%	6.0%	74.2%	74.2%	18.7%
Term Structure	0.4%	-4.1%	3.8%	-0.4%	0.6%
VWIV	116.4%	103.4%	136.0%	134.1%	106.8%
Skew 25d	9.8%	3.4%	14.0%	7.6%	3.4%
Skew 10d	19.7%	7.1%	28.3%	18.4%	7.1%
Call IV 25d	111.1%	93.7%	130.2%	130.2%	104.2%
Put IV 25d	120.9%	105.1%	139.7%	137.8%	107.6%
Bid-Ask Spread %	4.12	2.89	6.80	4.11	4.89
Gamma HHI	0.06	0.04	0.11	0.04	0.06
Net GEX	2.9M	-810.0K	6.2M	2.9M	2.3M
Net DEX	-113.3M	-277.1M	41.0M	-123.5M	-119.0M
Net VEX	-1.8M	-2.3M	-1.4M	-1.8M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.25	1.05	0.37	0.39
Total Volume	109,929.261	73,398	185,109	161,648	101,895
Total OI	541,058.435	439,398	615,191	533,676	552,049

Daily Data (23 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
2022-03-01	$26.01	$30.00	132.4%	38.6%	116.4%	27.6%	134.1%	7.6%	-0.4%	2.9M	-123.5M	-1.8M	0.37	4.11	N/A	N/A	117,926	43,722	343,137	190,539
2022-03-02	$26.74	$30.00	123.1%	35.3%	114.1%	21.7%	124.0%	7.5%	-0.4%	4.3M	-149.2M	-1.9M	0.84	3.90	N/A	N/A	59,112	49,854	365,137	199,355
2022-03-03	$24.77	$30.00	118.5%	34.2%	112.6%	18.9%	120.4%	7.8%	-0.7%	1.8M	-48.5M	-1.7M	1.05	3.67	N/A	N/A	48,008	50,204	368,589	214,807
2022-03-04	$22.63	$29.50	124.8%	36.1%	113.3%	22.8%	125.3%	11.8%	0.1%	-810.0K	34.9M	-1.5M	0.71	3.80	N/A	N/A	61,521	43,972	369,475	214,394
2022-03-07	$21.71	$29.00	127.3%	38.9%	107.8%	26.1%	136.0%	8.3%	0.2%	242.6K	29.4M	-1.5M	0.65	3.23	N/A	N/A	44,408	28,990	327,403	184,333
2022-03-08	$22.45	$29.00	126.2%	36.2%	102.6%	28.0%	126.9%	10.8%	-1.5%	567.5K	17.2M	-1.5M	0.65	3.77	N/A	N/A	53,594	35,017	336,290	192,631
2022-03-09	$25.70	$29.00	117.2%	34.4%	114.1%	21.4%	121.2%	9.3%	2.9%	2.8M	-92.9M	-1.7M	0.45	3.40	N/A	N/A	98,399	44,438	348,216	198,050
2022-03-10	$24.69	$28.00	121.0%	34.7%	108.8%	24.8%	123.3%	12.0%	1.0%	2.6M	-52.7M	-1.7M	0.81	3.63	N/A	N/A	45,321	36,851	368,910	212,064
2022-03-11	$22.60	$28.00	123.7%	33.8%	112.5%	28.2%	117.4%	11.8%	2.3%	996.3K	32.7M	-1.5M	0.68	2.89	N/A	N/A	61,811	42,224	375,291	215,122
2022-03-14	$21.32	$25.00	129.5%	36.8%	112.2%	33.4%	125.5%	12.9%	1.8%	72.7K	41.0M	-1.4M	0.68	4.03	N/A	N/A	45,962	31,082	338,112	190,687
2022-03-15	$22.21	$30.00	126.2%	36.4%	113.2%	34.7%	125.3%	14.0%	-0.5%	685.3K	19.5M	-1.5M	0.72	3.56	N/A	N/A	46,943	33,975	349,072	198,997
2022-03-16	$23.87	$25.00	115.9%	33.8%	110.5%	25.4%	119.4%	12.8%	0.7%	2.4M	-34.6M	-1.6M	0.53	3.46	N/A	N/A	58,825	31,045	365,250	203,247
2022-03-17	$26.58	$25.00	109.0%	33.0%	117.9%	20.2%	113.3%	12.8%	-4.1%	4.4M	-151.5M	-1.8M	0.58	3.63	N/A	N/A	72,099	41,545	378,974	212,529
2022-03-18	$27.80	$25.00	99.4%	29.8%	113.9%	12.2%	108.6%	14.0%	3.8%	4.6M	-204.3M	-1.8M	0.51	3.27	N/A	N/A	90,785	45,925	390,107	225,084
2022-03-21	$27.58	$25.00	101.1%	29.4%	110.7%	14.9%	110.0%	13.8%	0.5%	3.2M	-143.8M	-1.8M	0.44	4.88	N/A	N/A	56,327	24,528	274,626	164,772
2022-03-22	$29.40	$25.00	97.7%	29.4%	109.4%	11.1%	103.4%	11.4%	2.0%	4.7M	-225.8M	-2.0M	0.47	3.08	N/A	N/A	86,647	40,640	290,438	173,863
2022-03-23	$29.54	$25.00	99.2%	29.6%	105.1%	12.8%	109.3%	11.7%	-0.5%	5.0M	-226.9M	-2.0M	0.47	5.09	N/A	N/A	57,711	26,914	307,235	185,982
2022-03-24	$30.42	$25.00	102.6%	29.8%	102.9%	16.7%	104.4%	8.5%	-0.3%	6.2M	-277.1M	-2.1M	0.33	6.79	N/A	N/A	107,759	35,479	321,033	193,890
2022-03-25	$28.71	$25.00	103.6%	30.1%	106.0%	17.8%	106.0%	6.9%	0.5%	2.9M	-193.6M	-2.0M	0.25	6.80	N/A	N/A	133,386	33,769	341,451	201,852
2022-03-28	$31.27	$25.00	105.1%	30.6%	105.3%	19.6%	106.3%	5.6%	0.8%	4.9M	-274.2M	-2.2M	0.28	5.39	N/A	N/A	144,688	40,421	308,906	179,725
2022-03-29	$31.26	$25.00	101.1%	30.3%	105.0%	15.0%	104.8%	4.5%	0.5%	6.0M	-270.3M	-2.3M	0.38	3.50	N/A	N/A	67,561	25,335	336,594	194,107
2022-03-30	$29.65	$25.00	102.4%	30.2%	107.0%	16.5%	106.6%	5.4%	0.7%	4.4M	-192.4M	-2.1M	0.44	4.08	N/A	N/A	56,794	24,961	341,157	200,862
2022-03-31	$28.10	$25.00	103.4%	30.1%	105.0%	17.7%	106.8%	3.4%	0.6%	2.3M	-119.0M	-2.0M	0.39	4.89	N/A	N/A	73,132	28,763	348,578	203,471