MARA Options History — January 2023

In January 2023, MARA traded between $3.41 and $8.93. ATM implied volatility averaged 149.5%, placing in the 61.3% IV rank vs the trailing year. The 30-day expected move averaged 42.8%. IV traded below realized volatility by 6.4% (HV 20d: 155.9%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.43.

Notable Days

  • 2023-01-13: Highest Volume — 424,326 contracts
  • 2023-01-19: Largest IV drop — 7.1% change
  • 2023-01-27: Highest IV Rank — 80.2%
  • 2023-01-27: Largest Expected Move — 47.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.72$3.41$8.93$3.41$7.12
Max Pain$7.00$5.00$10.00$10.00$9.00
ATM IV149.5%134.5%165.5%137.4%154.2%
Expected Move42.8%37.8%47.9%37.8%43.7%
HV 20d155.9%82.5%180.9%82.5%180.9%
HV 60d128.3%104.0%138.9%104.0%136.7%
IV Rank61.3%43.5%80.2%46.9%66.7%
IV Percentile84.8%65.1%99.2%73.8%89.3%
Term Structure1.5%-7.6%14.7%4.3%5.3%
VWIV153.4%129.1%171.7%134.7%161.0%
Skew 25d6.5%-8.6%29.0%24.0%-7.7%
Skew 10d14.7%-12.4%48.3%48.3%-9.9%
Call IV 25d151.3%127.2%174.2%127.2%169.4%
Put IV 25d157.8%141.1%174.7%151.3%161.7%
Bid-Ask Spread %9.141.3014.221.307.92
Gamma HHI0.110.080.220.180.08
Net GEX672.8K-137.1K1.6M-137.1K538.8K
Net DEX-39.6M-124.3M57.6M57.6M-31.6M
Net VEX-627.9K-879.5K-249.8K-249.8K-737.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.230.630.470.30
Total Volume199,909.874,945424,32674,94589,204
Total OI954,914.35768,5281,186,944807,607908,489

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$3.41$10.00137.4%37.8%82.5%46.9%134.7%24.0%4.3%-137.1K57.6M-249.8K0.471.30N/AN/A51,01923,926448,577359,030
2023-01-04$4.19$10.00134.8%37.9%113.1%43.8%134.2%13.4%0.0%54.6K44.7M-334.1K0.371.88N/AN/A136,13250,148470,366367,237
2023-01-05$3.99$5.00134.5%39.8%112.8%43.5%138.8%5.7%-1.1%72.9K46.2M-333.2K0.4810.43N/AN/A74,19335,302509,531388,703
2023-01-06$4.13$5.00134.5%38.8%112.7%43.5%129.1%16.7%0.7%35.4K40.6M-342.5K0.4510.82N/AN/A72,25032,734534,019391,788
2023-01-09$4.96$5.00134.9%39.4%132.6%44.0%141.3%11.7%3.4%292.0K23.7M-424.0K0.3410.33N/AN/A226,79178,201512,224378,413
2023-01-10$5.70$5.00137.7%39.6%140.0%47.3%143.1%9.2%1.4%564.0K-1.4M-500.2K0.5410.48N/AN/A130,85970,137559,281409,558
2023-01-11$5.29$5.00141.8%40.8%142.9%52.2%145.6%-1.3%0.4%424.9K11.2M-491.7K0.4210.30N/AN/A139,37558,995580,003434,808
2023-01-12$7.03$5.00151.5%42.0%172.2%63.5%151.7%-3.9%-5.8%1.1M-82.7M-645.1K0.3313.32N/AN/A239,92280,250612,115442,348
2023-01-13$7.67$5.00155.9%43.3%173.4%68.8%158.2%1.1%-7.6%683.0K-116.7M-696.1K0.4514.22N/AN/A293,434130,892628,500470,602
2023-01-17$8.34$5.50164.9%47.1%170.6%79.4%166.5%29.0%-3.4%811.5K-98.5M-760.1K0.6313.04N/AN/A156,11998,227591,669444,979
2023-01-18$7.00$7.50165.2%47.4%177.6%79.8%169.0%6.8%-2.7%440.7K-8.3M-669.4K0.4812.44N/AN/A208,60499,384623,012489,948
2023-01-19$7.29$7.50153.6%44.2%177.2%66.0%160.4%5.0%-2.5%675.7K-23.8M-705.2K0.6011.52N/AN/A97,62258,307654,795504,141
2023-01-20$7.99$7.50152.1%43.9%178.2%64.3%153.1%9.1%-1.6%1.4M-68.2M-735.9K0.3512.50N/AN/A153,88154,324665,879521,065
2023-01-23$8.93$7.50150.6%43.6%177.0%62.5%160.4%7.3%-1.6%1.2M-124.3M-782.9K0.495.89N/AN/A129,89963,975428,224340,304
2023-01-24$8.80$7.50154.9%45.5%176.8%67.7%163.8%7.8%3.9%1.1M-116.4M-816.7K0.2311.27N/AN/A208,46748,153432,232365,022
2023-01-25$8.70$7.50154.6%45.1%177.6%67.2%162.3%6.3%13.5%1.4M-114.8M-876.3K0.519.83N/AN/A83,84543,039516,051387,522
2023-01-26$8.73$8.00155.2%43.7%167.8%67.9%155.7%1.7%14.7%1.6M-115.6M-879.5K0.396.44N/AN/A79,21630,564521,066395,242
2023-01-27$8.05$8.50165.5%47.9%171.9%80.2%171.7%-8.6%10.4%586.0K-79.5M-838.5K0.275.40N/AN/A158,56842,163535,573403,725
2023-01-30$7.16$9.00156.8%44.7%180.8%69.8%166.7%-3.4%-0.9%572.0K-34.8M-739.4K0.533.48N/AN/A111,26158,814509,755362,491
2023-01-31$7.12$9.00154.2%43.7%180.9%66.7%161.0%-7.7%5.3%538.8K-31.6M-737.8K0.307.92N/AN/A68,42520,779532,511375,978