MARA Options History — May 2022

In May 2022, MARA traded between $9.05 and $17.60. ATM implied volatility averaged 141.9%, placing in the 58.9% IV rank vs the trailing year. The 30-day expected move averaged 40.9%. IV traded above realized volatility by 29.5% (HV 20d: 112.4%). Max pain ranged from $20.00 to $30.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.64.

Notable Days

2022-05-13: Highest Volume — 148,973 contracts
2022-05-09: Largest IV spike — 26.2% change
2022-05-12: Highest IV Rank — 100.0%
2022-05-12: Largest Expected Move — 50.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.76	$9.05	$17.60	$16.64	$10.24
Max Pain	$23.86	$20.00	$30.00	$25.00	$20.00
ATM IV	141.9%	117.1%	182.3%	127.8%	132.2%
Expected Move	40.9%	34.8%	50.6%	39.0%	39.2%
HV 20d	112.4%	71.5%	135.1%	73.1%	132.2%
HV 60d	104.3%	94.3%	109.1%	98.2%	106.0%
IV Rank	58.9%	33.5%	100.0%	45.9%	46.8%
IV Percentile	89.2%	61.1%	100.0%	82.9%	86.5%
Term Structure	-1.3%	-6.9%	4.1%	-0.8%	-2.1%
VWIV	141.1%	122.5%	182.4%	131.8%	136.8%
Skew 25d	22.3%	9.8%	40.9%	14.0%	19.7%
Skew 10d	39.9%	11.8%	78.0%	26.0%	36.3%
Call IV 25d	131.8%	111.6%	160.8%	122.0%	122.3%
Put IV 25d	154.0%	126.3%	201.7%	136.0%	142.0%
Bid-Ask Spread %	2.54	1.36	4.91	4.45	2.43
Gamma HHI	0.08	0.04	0.19	0.09	0.07
Net GEX	295.1K	-303.2K	1.9M	1.0M	497.0K
Net DEX	86.2M	41.1M	110.6M	68.8M	61.7M
Net VEX	-839.5K	-1.3M	-619.4K	-1.2M	-723.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.28	1.04	0.35	0.28
Total Volume	91,395.762	50,204	148,973	91,797	117,276
Total OI	625,433.857	554,150	700,685	554,150	607,064

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
2022-05-02	$16.64	$25.00	127.8%	39.0%	73.1%	45.9%	131.8%	14.0%	-0.8%	1.0M	68.8M	-1.2M	0.35	4.45	N/A	N/A	67,751	24,046	351,367	202,783
2022-05-03	$16.60	$25.00	124.8%	37.8%	71.5%	42.4%	129.3%	11.4%	-0.3%	1.2M	63.4M	-1.2M	0.50	4.91	N/A	N/A	33,401	16,803	368,336	210,530
2022-05-04	$17.60	$25.00	117.1%	34.8%	73.7%	33.5%	122.5%	9.8%	-0.1%	1.9M	41.1M	-1.3M	0.38	4.28	N/A	N/A	68,622	25,773	378,041	216,360
2022-05-05	$15.79	$30.00	125.7%	36.5%	78.0%	43.5%	124.1%	13.7%	-0.4%	702.3K	86.1M	-1.1M	0.63	3.10	N/A	N/A	50,521	31,977	392,107	223,940
2022-05-06	$14.85	$30.00	123.8%	35.9%	79.1%	41.3%	123.0%	12.7%	0.0%	78.2K	109.2M	-1.1M	0.85	2.38	N/A	N/A	42,438	35,903	393,132	230,547
2022-05-09	$11.96	$27.00	156.3%	43.4%	104.0%	78.9%	150.1%	16.9%	-3.4%	-154.4K	104.4M	-826.8K	0.86	1.86	N/A	N/A	58,847	50,875	349,263	212,855
2022-05-10	$11.85	$27.00	146.9%	40.5%	104.3%	68.0%	142.6%	17.1%	-5.4%	-187.3K	108.0M	-826.8K	0.64	2.59	N/A	N/A	44,581	28,340	367,626	227,161
2022-05-11	$10.08	$27.00	168.1%	47.6%	114.2%	92.5%	161.3%	26.4%	-2.0%	-223.3K	110.6M	-692.1K	1.04	1.66	N/A	N/A	58,052	60,633	379,627	232,599
2022-05-12	$10.11	$25.00	182.3%	50.6%	109.8%	100.0%	182.4%	40.9%	-6.9%	-281.8K	108.3M	-727.3K	0.96	2.33	N/A	N/A	72,124	69,269	395,620	252,054
2022-05-13	$11.29	$25.00	160.2%	46.7%	121.9%	76.6%	154.8%	29.6%	4.1%	370.2K	98.2M	-828.2K	1.04	2.66	N/A	N/A	73,013	75,960	419,360	273,795
2022-05-16	$10.33	$25.00	156.5%	44.8%	123.4%	72.6%	152.7%	29.2%	-1.4%	-117.0K	98.1M	-762.3K	0.81	1.36	N/A	N/A	40,367	32,849	390,056	252,861
2022-05-17	$11.06	$25.00	147.6%	42.6%	126.8%	63.1%	140.6%	27.8%	-6.8%	63.6K	92.7M	-836.0K	0.54	1.68	N/A	N/A	36,500	19,690	402,733	264,313
2022-05-18	$10.14	$25.00	152.9%	43.8%	128.2%	68.8%	140.9%	29.9%	-1.8%	-100.6K	98.7M	-754.6K	0.95	1.69	N/A	N/A	63,699	60,558	412,596	266,265
2022-05-19	$10.47	$20.00	146.1%	41.8%	129.5%	61.5%	147.5%	27.9%	1.1%	26.6K	97.0M	-769.1K	0.55	1.85	N/A	N/A	40,658	22,400	419,013	270,637
2022-05-20	$9.71	$20.00	142.3%	40.8%	130.2%	57.5%	146.6%	28.5%	0.2%	-303.2K	106.7M	-704.2K	0.60	1.62	N/A	N/A	57,019	34,038	426,149	274,536
2022-05-23	$9.84	$20.00	135.7%	39.0%	129.7%	50.5%	136.1%	21.3%	0.8%	-11.4K	75.5M	-678.3K	0.48	2.43	N/A	N/A	48,515	23,234	350,752	221,928
2022-05-24	$9.05	$20.00	144.6%	42.5%	129.7%	60.0%	149.0%	22.7%	-1.0%	-30.4K	79.4M	-619.4K	0.61	3.00	N/A	N/A	42,018	25,611	370,243	229,809
2022-05-25	$9.29	$20.00	137.4%	38.8%	131.3%	52.3%	136.2%	20.9%	-0.7%	94.6K	76.3M	-650.2K	0.29	2.12	N/A	N/A	52,146	15,070	380,132	238,479
2022-05-26	$9.86	$20.00	128.6%	36.8%	134.6%	42.9%	129.3%	23.8%	-0.2%	700.5K	67.7M	-682.7K	0.56	2.53	N/A	N/A	66,984	37,635	391,599	240,196
2022-05-27	$10.20	$20.00	123.5%	35.5%	135.1%	37.6%	124.5%	24.1%	0.5%	1.0M	57.7M	-707.3K	0.49	2.39	N/A	N/A	63,168	30,947	401,070	246,577
2022-05-31	$10.24	$20.00	132.2%	39.2%	132.2%	46.8%	136.8%	19.7%	-2.1%	497.0K	61.7M	-723.2K	0.28	2.43	N/A	N/A	91,341	25,935	381,905	225,159