MARA Options History — July 2022

In July 2022, MARA traded between $5.50 and $13.19. ATM implied volatility averaged 151.5%, placing in the 67.3% IV rank vs the trailing year. The 30-day expected move averaged 43.7%. IV traded above realized volatility by 1.6% (HV 20d: 149.9%). Max pain ranged from $7.50 to $11.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.61.

Notable Days

2022-07-08: Highest Volume — 396,089 contracts
2022-07-08: Largest IV spike — 17.6% change
2022-07-20: Highest IV Rank — 80.0%
2022-07-20: Largest Expected Move — 46.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.61	$5.50	$13.19	$5.50	$13.14
Max Pain	$9.97	$7.50	$11.00	$10.00	$11.00
ATM IV	151.5%	131.3%	163.5%	153.5%	153.0%
Expected Move	43.7%	36.8%	46.9%	38.7%	44.9%
HV 20d	149.9%	94.4%	185.3%	94.4%	172.9%
HV 60d	127.1%	101.1%	145.9%	101.1%	145.9%
IV Rank	67.3%	45.8%	80.0%	69.4%	68.9%
IV Percentile	93.5%	77.8%	98.8%	96.4%	92.9%
Term Structure	-0.6%	-9.2%	5.8%	1.8%	-2.9%
VWIV	151.2%	131.8%	168.0%	132.3%	159.0%
Skew 25d	16.3%	7.5%	29.3%	19.6%	7.5%
Skew 10d	29.9%	13.9%	49.6%	37.4%	13.9%
Call IV 25d	146.1%	124.6%	163.1%	142.0%	154.5%
Put IV 25d	162.4%	145.3%	173.3%	161.7%	161.9%
Bid-Ask Spread %	5.85	3.67	7.58	4.52	5.20
Gamma HHI	0.10	0.05	0.45	0.25	0.19
Net GEX	849.5K	-287.9K	2.6M	-287.9K	2.6M
Net DEX	-19.6M	-126.3M	55.4M	55.4M	-107.9M
Net VEX	-833.7K	-1.2M	-428.1K	-428.1K	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.38	1.20	0.72	0.39
Total Volume	164,604.2	52,055	396,089	52,055	183,560
Total OI	754,260.9	607,792	902,323	654,660	894,839

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
2022-07-01	$5.50	$10.00	153.5%	38.7%	94.4%	69.4%	132.3%	19.6%	1.8%	-287.9K	55.4M	-428.1K	0.72	4.52	N/A	N/A	30,313	21,742	388,802	265,858
2022-07-05	$6.00	$7.50	137.9%	43.4%	101.7%	52.9%	144.0%	27.3%	4.2%	37.6K	46.6M	-469.5K	0.42	7.09	N/A	N/A	49,589	20,975	355,094	252,698
2022-07-06	$5.72	$7.50	139.6%	43.0%	101.5%	54.6%	134.3%	24.3%	5.8%	165.7K	48.0M	-443.9K	0.51	7.58	N/A	N/A	50,774	25,900	374,263	260,442
2022-07-07	$6.98	$10.00	131.3%	36.8%	128.2%	45.8%	131.8%	20.6%	1.5%	494.5K	31.5M	-533.5K	0.51	6.34	N/A	N/A	95,911	48,618	383,624	265,955
2022-07-08	$8.49	$10.00	154.4%	43.6%	147.7%	70.4%	138.0%	29.3%	-5.8%	694.6K	-15.1M	-694.7K	0.48	3.96	N/A	N/A	267,615	128,474	411,130	283,812
2022-07-11	$7.88	$10.00	144.0%	42.4%	145.1%	59.3%	145.2%	25.5%	1.6%	511.2K	27.8M	-655.9K	0.82	5.88	N/A	N/A	50,844	41,948	419,520	287,704
2022-07-12	$7.64	$10.00	158.7%	45.0%	145.4%	74.9%	155.3%	24.1%	-3.5%	414.8K	32.8M	-630.0K	0.92	6.36	N/A	N/A	40,952	37,518	426,881	294,520
2022-07-13	$7.67	$10.00	156.0%	43.7%	138.4%	72.0%	151.2%	15.5%	-9.2%	400.4K	31.4M	-646.9K	0.55	5.20	N/A	N/A	47,143	25,940	437,214	304,748
2022-07-14	$7.98	$10.00	152.1%	43.9%	138.7%	67.9%	152.0%	12.5%	1.4%	724.1K	22.9M	-671.9K	0.51	4.47	N/A	N/A	68,430	34,872	451,409	306,931
2022-07-15	$8.02	$10.00	146.9%	42.6%	138.7%	62.4%	146.7%	15.9%	3.9%	1.5M	22.2M	-674.5K	0.53	3.67	N/A	N/A	65,343	34,809	455,637	313,092
2022-07-18	$9.75	$10.00	152.9%	43.8%	151.3%	68.8%	154.7%	9.4%	3.2%	758.9K	-17.2M	-834.8K	0.71	6.31	N/A	N/A	150,410	107,176	398,439	271,418
2022-07-19	$12.49	$10.00	159.8%	45.6%	171.4%	76.1%	159.0%	10.4%	-3.9%	1.1M	-100.8M	-1.1M	0.49	5.59	N/A	N/A	235,885	115,401	429,282	309,986
2022-07-20	$12.35	$10.00	163.5%	46.9%	170.1%	80.0%	168.0%	10.2%	-3.6%	1.3M	-99.0M	-1.1M	0.55	7.01	N/A	N/A	230,628	127,488	478,526	355,502
2022-07-21	$13.19	$10.00	156.2%	44.9%	166.6%	72.3%	158.8%	11.8%	-1.4%	1.8M	-126.3M	-1.2M	0.67	6.31	N/A	N/A	103,159	68,817	510,940	380,238
2022-07-22	$12.31	$10.00	157.9%	45.4%	170.5%	74.1%	162.7%	10.5%	-2.1%	889.7K	-81.0M	-1.2M	0.67	7.52	N/A	N/A	96,730	65,125	513,502	388,821
2022-07-25	$11.63	$10.50	152.9%	44.3%	172.9%	68.7%	154.8%	13.2%	-0.9%	736.1K	-26.1M	-1.0M	0.70	6.88	N/A	N/A	48,728	34,121	448,922	324,358
2022-07-26	$10.18	$11.00	150.7%	43.4%	178.9%	66.5%	151.8%	13.7%	1.5%	240.9K	24.0M	-900.9K	1.20	5.24	N/A	N/A	50,515	60,649	461,477	331,832
2022-07-27	$12.29	$11.00	151.1%	44.3%	185.3%	66.9%	158.1%	14.7%	-2.0%	1.2M	-60.8M	-1.1M	0.46	5.93	N/A	N/A	120,785	55,291	471,321	334,705
2022-07-28	$13.04	$11.00	157.5%	46.5%	177.8%	73.7%	165.4%	9.3%	-2.4%	1.9M	-100.2M	-1.2M	0.38	5.95	N/A	N/A	181,465	68,441	490,819	350,957
2022-07-29	$13.14	$11.00	153.0%	44.9%	172.9%	68.9%	159.0%	7.5%	-2.9%	2.6M	-107.9M	-1.2M	0.39	5.20	N/A	N/A	132,103	51,457	523,423	371,416