MARA Options History — November 2022

In November 2022, MARA traded between $5.89 and $12.24. ATM implied volatility averaged 139.0%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 40.2%. IV traded above realized volatility by 34.0% (HV 20d: 105.0%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.98.

Notable Days

2022-11-08: Highest Volume — 246,669 contracts
2022-11-08: Largest IV spike — 19.9% change
2022-11-09: Highest IV Rank — 78.8%
2022-11-21: Largest Expected Move — 47.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.60	$5.89	$12.24	$12.24	$6.25
Max Pain	$15.24	$15.00	$17.50	$16.50	$15.00
ATM IV	139.0%	119.6%	164.4%	119.6%	122.5%
Expected Move	40.2%	35.7%	47.5%	36.1%	35.7%
HV 20d	105.0%	91.3%	123.8%	118.2%	97.8%
HV 60d	109.5%	104.3%	114.5%	112.5%	111.1%
IV Rank	48.8%	25.8%	78.8%	25.8%	29.3%
IV Percentile	67.6%	26.2%	98.8%	26.2%	33.7%
Term Structure	-0.2%	-9.9%	4.8%	1.1%	4.8%
VWIV	141.9%	120.4%	178.7%	126.2%	120.4%
Skew 25d	23.9%	3.4%	36.3%	11.8%	24.8%
Skew 10d	46.0%	8.9%	65.4%	19.1%	49.4%
Call IV 25d	130.3%	111.9%	150.7%	116.1%	111.9%
Put IV 25d	154.2%	127.9%	183.7%	127.9%	136.8%
Bid-Ask Spread %	3.49	1.81	11.99	2.68	2.54
Gamma HHI	0.09	0.05	0.32	0.07	0.10
Net GEX	-364.2K	-1.0M	183.9K	-32.2K	-55.3K
Net DEX	101.1M	36.8M	135.4M	36.8M	108.6M
Net VEX	-642.6K	-891.9K	-430.1K	-891.9K	-448.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.52	1.90	0.90	1.06
Total Volume	123,044.429	40,605	246,669	78,283	124,502
Total OI	845,876.857	731,223	946,063	731,223	895,241

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
2022-11-01	$12.24	$16.50	119.6%	36.1%	118.2%	25.8%	126.2%	11.8%	1.1%	-32.2K	36.8M	-891.9K	0.90	2.68	N/A	N/A	41,162	37,121	387,436	343,787
2022-11-02	$10.99	$16.00	124.6%	37.4%	123.8%	31.8%	132.4%	11.2%	-1.6%	-497.0K	77.1M	-825.8K	0.56	3.21	N/A	N/A	65,318	36,597	396,851	355,200
2022-11-03	$10.58	$15.00	123.3%	36.9%	123.8%	30.3%	129.3%	3.4%	2.8%	-667.2K	86.5M	-796.8K	0.67	3.59	N/A	N/A	54,503	36,702	408,579	360,283
2022-11-04	$10.80	$15.00	126.0%	37.4%	109.9%	33.4%	134.3%	6.0%	1.0%	-172.2K	76.8M	-823.3K	0.52	3.55	N/A	N/A	91,879	48,103	419,490	363,696
2022-11-07	$10.53	$15.00	129.1%	37.8%	109.9%	37.1%	129.9%	7.6%	2.8%	183.9K	67.6M	-764.8K	0.52	7.10	N/A	N/A	40,276	21,015	402,104	330,708
2022-11-08	$9.61	$15.00	154.8%	43.4%	113.5%	67.5%	163.1%	23.2%	-3.1%	16.2K	90.5M	-697.1K	1.55	3.12	N/A	N/A	96,550	150,119	416,762	341,264
2022-11-09	$9.79	$15.00	164.4%	46.8%	113.6%	78.8%	178.7%	36.3%	0.8%	-20.2K	86.7M	-755.2K	1.90	11.99	N/A	N/A	77,769	147,515	436,957	391,516
2022-11-10	$9.85	$15.00	150.2%	42.9%	110.4%	62.0%	161.6%	30.6%	0.0%	-461.2K	103.8M	-741.5K	0.88	3.41	N/A	N/A	99,754	87,612	457,883	449,692
2022-11-11	$9.88	$17.50	146.3%	42.3%	106.7%	57.4%	158.6%	35.4%	1.8%	-290.6K	104.8M	-754.2K	1.33	3.37	N/A	N/A	71,447	95,374	476,177	461,324
2022-11-14	$9.66	$15.00	135.6%	38.9%	95.9%	44.7%	129.8%	33.9%	4.2%	-550.3K	104.9M	-728.9K	1.48	2.38	N/A	N/A	51,575	76,440	426,477	436,676
2022-11-15	$9.56	$15.00	134.1%	38.5%	95.5%	43.0%	137.5%	29.9%	3.7%	-443.8K	108.4M	-744.1K	1.81	2.57	N/A	N/A	42,881	77,657	443,212	460,369
2022-11-16	$8.27	$15.00	155.3%	44.5%	107.0%	68.1%	154.2%	31.2%	-9.9%	-694.3K	126.9M	-612.1K	1.02	2.11	N/A	N/A	58,618	59,996	450,237	441,104
2022-11-17	$7.99	$15.00	152.2%	43.9%	107.3%	64.4%	148.8%	27.1%	-7.0%	-752.2K	129.7M	-614.5K	0.68	2.41	N/A	N/A	57,133	38,709	467,549	454,186
2022-11-18	$7.47	$15.00	151.7%	43.8%	103.4%	63.9%	152.0%	30.7%	-3.1%	-1.0M	135.4M	-580.1K	0.77	1.81	N/A	N/A	78,639	60,262	484,619	461,444
2022-11-21	$6.19	$15.00	164.3%	47.5%	108.2%	78.7%	164.8%	29.9%	-2.0%	-380.9K	107.5M	-460.8K	1.17	2.47	N/A	N/A	62,951	73,558	411,924	385,656
2022-11-22	$6.42	$15.00	141.6%	40.4%	91.3%	51.9%	143.0%	26.1%	-2.5%	-507.9K	115.6M	-464.2K	0.81	3.52	N/A	N/A	59,254	47,906	430,242	410,467
2022-11-23	$6.51	$15.00	128.5%	36.4%	93.0%	36.3%	124.2%	26.7%	0.5%	-404.4K	115.9M	-472.0K	0.73	3.38	N/A	N/A	71,928	52,221	448,808	423,394
2022-11-25	$6.20	$15.00	131.9%	37.4%	92.5%	40.4%	123.8%	25.4%	-0.6%	-307.2K	119.9M	-456.3K	0.71	3.09	N/A	N/A	23,768	16,837	475,948	442,190
2022-11-28	$5.96	$15.00	134.4%	39.0%	91.5%	43.3%	137.5%	26.0%	-0.4%	-299.9K	108.5M	-430.1K	0.90	2.53	N/A	N/A	55,614	50,068	433,614	397,663
2022-11-29	$5.89	$15.00	128.4%	37.4%	92.1%	36.3%	129.6%	25.0%	2.9%	-266.2K	110.3M	-431.7K	0.61	2.49	N/A	N/A	27,723	16,877	461,847	420,838
2022-11-30	$6.25	$15.00	122.5%	35.7%	97.8%	29.3%	120.4%	24.8%	4.8%	-55.3K	108.6M	-448.5K	1.06	2.54	N/A	N/A	60,335	64,167	470,716	424,525