MARA Options History — December 2022

In December 2022, MARA traded between $3.15 and $6.88. ATM implied volatility averaged 130.4%, placing in the 38.6% IV rank vs the trailing year. The 30-day expected move averaged 37.4%. IV traded above realized volatility by 32.2% (HV 20d: 98.1%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.63.

Notable Days

2022-12-05: Highest Volume — 129,231 contracts
2022-12-27: Largest IV spike — 11.6% change
2022-12-27: Highest IV Rank — 55.7%
2022-12-16: Largest Expected Move — 40.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.54	$3.15	$6.88	$6.29	$3.42
Max Pain	$10.95	$10.00	$15.00	$15.00	$10.00
ATM IV	130.4%	111.6%	144.8%	117.7%	134.2%
Expected Move	37.4%	32.3%	40.1%	33.9%	36.4%
HV 20d	98.1%	83.3%	108.3%	94.6%	93.1%
HV 60d	107.8%	104.3%	110.7%	110.7%	104.3%
IV Rank	38.6%	16.4%	55.7%	23.6%	43.2%
IV Percentile	55.9%	13.1%	82.9%	23.4%	65.1%
Term Structure	3.6%	-3.7%	7.4%	5.5%	6.6%
VWIV	132.6%	114.3%	152.5%	121.5%	128.5%
Skew 25d	17.7%	10.8%	25.1%	19.0%	23.6%
Skew 10d	33.9%	20.4%	43.8%	43.8%	35.6%
Call IV 25d	125.4%	108.2%	137.6%	114.1%	126.6%
Put IV 25d	143.1%	125.1%	158.5%	133.0%	150.3%
Bid-Ask Spread %	2.77	1.31	11.41	2.54	1.63
Gamma HHI	0.20	0.11	0.53	0.18	0.15
Net GEX	-215.6K	-726.6K	171.2K	171.2K	-137.2K
Net DEX	85.4M	59.8M	110.5M	104.3M	59.8M
Net VEX	-344.4K	-526.0K	-230.8K	-479.8K	-258.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.32	1.14	0.58	0.70
Total Volume	82,936.81	37,061	129,231	85,711	41,463
Total OI	912,101.048	795,159	1,022,803	941,291	855,586

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
2022-12-01	$6.29	$15.00	117.7%	33.9%	94.6%	23.6%	121.5%	19.0%	5.5%	171.2K	104.3M	-479.8K	0.58	2.54	N/A	N/A	54,205	31,506	493,445	447,846
2022-12-02	$6.88	$15.00	111.6%	32.3%	103.3%	16.4%	114.3%	16.9%	2.4%	-180.2K	84.4M	-526.0K	0.32	2.96	N/A	N/A	88,283	28,029	498,608	447,746
2022-12-05	$6.09	$12.00	119.4%	35.8%	107.9%	25.7%	127.9%	15.6%	5.4%	-103.7K	94.5M	-467.0K	0.47	1.58	N/A	N/A	87,824	41,407	487,712	412,387
2022-12-06	$5.75	$12.00	125.5%	35.8%	108.3%	32.8%	127.1%	15.9%	5.6%	-221.2K	100.9M	-447.5K	0.70	1.33	N/A	N/A	45,000	31,300	504,533	430,160
2022-12-07	$5.38	$12.00	123.6%	38.1%	106.8%	30.7%	129.8%	17.1%	3.7%	-289.9K	104.8M	-413.6K	0.59	1.43	N/A	N/A	67,857	40,065	516,184	435,145
2022-12-08	$5.34	$12.00	122.6%	37.2%	105.7%	29.5%	128.1%	13.9%	4.7%	-258.1K	104.4M	-408.1K	0.61	1.51	N/A	N/A	74,127	45,196	532,525	445,821
2022-12-09	$5.03	$10.00	125.7%	36.8%	105.3%	33.1%	129.2%	15.0%	6.6%	-726.6K	110.5M	-385.7K	0.38	1.47	N/A	N/A	64,973	24,833	560,467	459,579
2022-12-12	$5.04	$10.00	128.0%	37.0%	105.2%	35.8%	132.0%	15.0%	1.1%	-297.6K	100.0M	-386.8K	0.64	1.73	N/A	N/A	64,331	40,935	516,460	434,001
2022-12-13	$4.74	$11.00	131.5%	37.2%	105.6%	39.9%	134.4%	13.7%	-1.3%	-315.7K	104.6M	-355.3K	0.44	1.52	N/A	N/A	63,895	28,032	537,238	444,189
2022-12-14	$4.69	$11.00	132.6%	37.4%	105.6%	41.3%	137.4%	10.8%	-2.1%	-303.9K	101.4M	-355.5K	0.33	9.41	N/A	N/A	72,108	23,442	545,081	441,212
2022-12-15	$4.36	$10.00	131.3%	39.5%	98.5%	39.8%	152.5%	13.7%	7.4%	-236.6K	102.6M	-330.0K	1.14	1.36	N/A	N/A	49,874	56,757	565,152	445,334
2022-12-16	$3.85	$10.00	141.2%	40.1%	103.9%	51.4%	145.2%	20.9%	-2.5%	-203.3K	97.3M	-293.8K	1.03	1.46	N/A	N/A	43,343	44,750	567,659	455,144
2022-12-19	$3.84	$10.00	136.2%	39.1%	103.8%	45.5%	134.5%	22.1%	0.2%	-202.9K	67.7M	-292.8K	0.79	1.67	N/A	N/A	46,171	36,251	432,826	362,333
2022-12-20	$3.88	$10.00	139.7%	40.0%	87.2%	49.6%	138.9%	23.8%	6.7%	-113.3K	66.4M	-291.0K	0.83	1.39	N/A	N/A	37,700	31,374	451,687	373,649
2022-12-21	$3.69	$10.00	133.8%	38.3%	84.7%	42.6%	127.5%	17.3%	5.9%	-203.1K	70.1M	-265.3K	1.08	1.39	N/A	N/A	33,326	36,123	464,086	383,076
2022-12-22	$3.62	$10.00	133.5%	37.9%	83.3%	42.3%	134.3%	19.0%	6.5%	-277.9K	67.9M	-280.1K	0.37	1.39	N/A	N/A	47,578	17,716	472,827	393,367
2022-12-23	$3.66	$10.00	129.8%	36.5%	84.2%	37.9%	124.5%	15.5%	6.0%	-168.9K	67.8M	-274.8K	0.56	1.48	N/A	N/A	23,794	13,267	485,416	394,001
2022-12-27	$3.25	$10.00	144.8%	40.0%	90.3%	55.7%	145.6%	25.1%	-3.7%	-196.0K	61.4M	-243.3K	0.46	1.31	N/A	N/A	40,798	18,670	444,253	361,474
2022-12-28	$3.15	$10.00	140.2%	39.6%	90.1%	50.2%	139.8%	17.2%	6.2%	-191.3K	61.9M	-230.8K	0.62	8.17	N/A	N/A	27,979	17,365	457,550	363,924
2022-12-29	$3.42	$10.00	134.4%	36.7%	93.4%	43.4%	130.9%	20.4%	4.0%	-70.7K	60.9M	-247.8K	0.58	11.41	N/A	N/A	37,873	22,153	470,395	364,044
2022-12-30	$3.42	$10.00	134.2%	36.4%	93.1%	43.2%	128.5%	23.6%	6.6%	-137.2K	59.8M	-258.1K	0.70	1.63	N/A	N/A	24,366	17,097	485,807	369,779