MARA Options History — September 2022

In September 2022, MARA traded between $9.51 and $14.38. ATM implied volatility averaged 129.7%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 37.0%. IV traded above realized volatility by 21.9% (HV 20d: 107.9%). Max pain ranged from $12.50 to $25.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.87.

Notable Days

2022-09-08: Highest Volume — 228,173 contracts
2022-09-23: Largest IV spike — 8.0% change
2022-09-06: Highest IV Rank — 53.3%
2022-09-06: Largest Expected Move — 40.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.43	$9.51	$14.38	$11.39	$10.90
Max Pain	$22.55	$12.50	$25.00	$18.00	$25.00
ATM IV	129.7%	122.4%	138.3%	136.2%	134.4%
Expected Move	37.0%	35.1%	40.8%	36.8%	38.1%
HV 20d	107.9%	96.0%	116.8%	114.1%	101.2%
HV 60d	137.1%	130.4%	138.8%	138.5%	130.4%
IV Rank	44.1%	36.4%	53.3%	51.0%	49.1%
IV Percentile	60.8%	44.4%	77.8%	75.0%	69.4%
Term Structure	1.7%	-1.0%	3.9%	1.1%	1.3%
VWIV	130.7%	123.3%	141.2%	133.8%	132.9%
Skew 25d	12.2%	8.0%	20.9%	10.5%	20.9%
Skew 10d	24.1%	16.4%	39.0%	21.9%	38.7%
Call IV 25d	126.1%	119.6%	134.7%	134.7%	126.0%
Put IV 25d	138.3%	129.2%	149.3%	145.1%	146.9%
Bid-Ask Spread %	3.27	2.27	5.37	2.59	2.61
Gamma HHI	0.09	0.05	0.25	0.08	0.25
Net GEX	91.9K	-1.2M	1.2M	-161.5K	1.1M
Net DEX	59.7M	-36.1M	122.9M	81.0M	49.4M
Net VEX	-838.8K	-1.1M	-694.4K	-878.5K	-822.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.38	1.74	1.03	0.69
Total Volume	104,670.095	53,549	228,173	76,941	137,539
Total OI	754,534.571	623,409	863,829	818,104	752,410

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
2022-09-01	$11.39	$18.00	136.2%	36.8%	114.1%	51.0%	133.8%	10.5%	1.1%	-161.5K	81.0M	-878.5K	1.03	2.59	N/A	N/A	37,823	39,118	461,181	356,923
2022-09-02	$11.34	$18.00	135.0%	36.6%	112.2%	49.7%	132.6%	10.4%	2.2%	108.2K	82.1M	-858.5K	0.51	2.27	N/A	N/A	91,015	46,066	468,029	354,297
2022-09-06	$11.17	$12.50	138.3%	40.8%	111.3%	53.3%	141.2%	11.6%	0.6%	72.4K	78.1M	-818.4K	1.26	3.17	N/A	N/A	47,648	59,816	436,424	331,333
2022-09-07	$11.63	$12.50	130.7%	37.0%	112.8%	45.2%	131.6%	13.6%	1.5%	81.3K	77.5M	-827.9K	0.97	2.62	N/A	N/A	37,882	36,648	447,186	351,691
2022-09-08	$13.18	$12.50	124.2%	36.4%	110.5%	38.2%	124.5%	11.5%	1.6%	1.2M	23.1M	-935.2K	0.68	2.77	N/A	N/A	136,214	91,959	452,838	354,033
2022-09-09	$14.36	$25.00	122.4%	35.1%	113.3%	36.4%	123.3%	9.6%	0.6%	1.1M	-36.1M	-1.1M	0.38	2.80	N/A	N/A	112,380	42,138	470,475	367,664
2022-09-12	$14.38	$25.00	123.3%	35.1%	111.1%	37.3%	125.0%	8.3%	-1.0%	1.2M	-4.4M	-1.0M	0.40	3.50	N/A	N/A	80,246	31,995	450,938	344,548
2022-09-13	$12.85	$25.00	126.8%	36.9%	116.7%	41.1%	128.1%	9.7%	2.2%	399.3K	59.3M	-925.6K	1.08	3.86	N/A	N/A	46,911	50,459	463,056	357,512
2022-09-14	$12.63	$25.00	124.8%	36.2%	115.9%	38.9%	126.7%	10.2%	1.2%	-234.0K	76.3M	-914.3K	0.95	4.89	N/A	N/A	34,844	33,257	464,852	373,412
2022-09-15	$12.14	$25.00	124.2%	35.7%	113.2%	38.3%	128.3%	11.2%	0.4%	-332.3K	94.6M	-859.8K	1.26	5.37	N/A	N/A	35,483	44,590	471,576	376,361
2022-09-16	$11.00	$25.00	126.9%	37.1%	116.8%	41.1%	129.3%	9.4%	3.9%	-1.2M	122.9M	-779.8K	1.26	4.26	N/A	N/A	47,575	59,723	477,431	386,398
2022-09-19	$10.81	$25.00	126.4%	36.2%	103.5%	40.6%	127.6%	11.7%	2.1%	-262.2K	59.4M	-772.8K	0.47	2.47	N/A	N/A	73,671	34,955	335,436	287,973
2022-09-20	$10.31	$25.00	127.5%	36.6%	104.1%	41.8%	130.1%	8.0%	0.7%	-180.6K	64.7M	-747.6K	0.82	2.79	N/A	N/A	29,485	24,064	352,928	299,960
2022-09-21	$10.72	$25.00	128.3%	36.8%	101.8%	42.6%	130.6%	8.8%	0.8%	-51.4K	54.2M	-790.8K	0.50	3.75	N/A	N/A	76,137	38,171	357,064	303,218
2022-09-22	$10.64	$25.00	125.4%	35.8%	101.6%	39.5%	127.6%	9.2%	3.2%	-233.5K	63.0M	-775.5K	0.73	3.96	N/A	N/A	46,111	33,617	372,574	314,733
2022-09-23	$9.51	$25.00	135.4%	38.7%	105.8%	50.2%	136.7%	13.4%	2.0%	-898.9K	83.8M	-694.4K	1.06	3.15	N/A	N/A	43,644	46,150	374,424	319,455
2022-09-26	$9.73	$25.00	133.6%	37.9%	97.9%	48.2%	134.0%	13.7%	3.9%	-216.1K	64.4M	-720.4K	0.53	2.75	N/A	N/A	49,198	26,143	346,650	299,612
2022-09-27	$9.78	$25.00	133.6%	38.3%	96.0%	48.2%	132.8%	16.4%	3.3%	-59.3K	60.6M	-734.7K	0.79	3.23	N/A	N/A	55,569	43,693	363,220	306,811
2022-09-28	$10.83	$25.00	129.3%	37.0%	103.2%	43.7%	133.4%	18.5%	2.8%	391.3K	46.0M	-826.3K	1.27	3.12	N/A	N/A	46,124	58,586	383,394	323,020
2022-09-29	$10.70	$25.00	137.6%	39.1%	102.0%	52.5%	134.4%	20.4%	0.5%	167.6K	53.1M	-822.2K	1.74	2.79	N/A	N/A	33,389	58,036	389,562	344,624
2022-09-30	$10.90	$25.00	134.4%	38.1%	101.2%	49.1%	132.9%	20.9%	1.3%	1.1M	49.4M	-822.4K	0.69	2.61	N/A	N/A	81,159	56,380	397,398	355,012