MARA Options History — February 2023

In February 2023, MARA traded between $5.83 and $7.95. ATM implied volatility averaged 149.3%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 42.8%. IV traded above realized volatility by 4.3% (HV 20d: 145.0%). Max pain ranged from $7.50 to $9.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-02-16: Highest Volume — 375,084 contracts
  • 2023-02-23: Largest IV drop — 5.2% change
  • 2023-02-14: Highest IV Rank — 69.5%
  • 2023-02-14: Largest Expected Move — 45.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.02$5.83$7.95$7.66$7.22
Max Pain$8.13$7.50$9.00$9.00$9.00
ATM IV149.3%138.8%156.5%143.7%141.0%
Expected Move42.8%39.2%45.0%42.1%41.8%
HV 20d145.0%124.3%180.7%180.7%124.3%
HV 60d141.0%137.5%146.2%137.5%142.3%
IV Rank60.9%48.6%69.5%54.4%51.2%
IV Percentile80.9%65.5%94.0%76.2%67.1%
Term Structure-0.4%-3.6%4.1%-3.6%2.5%
VWIV160.4%147.9%178.3%152.1%152.2%
Skew 25d-9.3%-18.0%-1.3%-1.3%-4.4%
Skew 10d-19.8%-43.1%-6.2%-6.2%-12.6%
Call IV 25d162.5%146.3%172.9%150.1%150.5%
Put IV 25d153.2%141.8%159.8%148.8%146.0%
Bid-Ask Spread %6.603.4011.365.119.05
Gamma HHI0.090.080.150.080.09
Net GEX747.0K-144.6K1.7M1.1M525.3K
Net DEX-32.6M-101.8M35.0M-59.2M-32.7M
Net VEX-779.0K-886.0K-618.1K-781.0K-820.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.211.350.310.57
Total Volume191,884.94777,090375,084159,440260,011
Total OI968,316.368891,0801,085,215934,754949,405

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$7.66$9.00143.7%42.1%180.7%54.4%152.1%-1.3%-3.6%1.1M-59.2M-781.0K0.315.11N/AN/A122,06537,375550,391384,363
2023-02-02$7.92$7.50149.6%43.1%169.8%61.3%160.6%-8.6%-1.7%1.5M-83.7M-829.8K0.217.56N/AN/A244,95250,402571,502397,227
2023-02-03$7.04$7.50151.8%43.0%175.8%64.0%162.4%-8.1%0.2%1.4K-21.6M-744.8K0.359.18N/AN/A151,59652,591593,572405,765
2023-02-06$7.13$7.50154.4%43.7%175.9%67.0%167.5%-9.8%-0.3%741.7K-29.0M-729.3K0.288.14N/AN/A141,87339,086537,354368,017
2023-02-07$7.03$7.50154.4%43.5%166.4%67.0%166.1%-9.2%-2.9%786.7K-29.0M-750.0K0.3611.36N/AN/A146,81153,289569,679384,328
2023-02-08$6.83$7.50150.7%43.3%160.7%62.6%178.3%-14.9%0.3%579.8K-19.3M-753.2K0.267.13N/AN/A130,91733,870587,576402,944
2023-02-09$5.94$7.50146.9%42.1%166.7%58.1%160.8%-18.0%-1.9%-144.6K29.7M-618.1K1.357.86N/AN/A108,948147,232568,907402,698
2023-02-10$5.92$7.50147.5%42.4%130.3%58.8%160.2%-13.7%-0.8%169.9K35.0M-634.4K1.125.59N/AN/A73,03481,811600,804445,394
2023-02-13$5.83$7.50154.7%44.4%125.3%67.4%170.0%-11.7%-3.6%163.4K14.7M-633.4K0.484.32N/AN/A51,96225,128535,300376,819
2023-02-14$6.78$7.50156.5%45.0%134.2%69.5%164.6%-13.2%-0.7%761.1K-31.0M-744.6K0.324.90N/AN/A107,87334,208553,000385,290
2023-02-15$7.95$7.50148.7%42.6%132.2%60.3%153.5%-9.0%0.5%1.7M-101.8M-851.6K0.385.98N/AN/A159,74961,352579,205394,637
2023-02-16$7.24$7.50154.4%44.1%136.1%67.0%161.4%-12.1%2.0%1.3M-51.3M-829.8K0.387.56N/AN/A270,911104,173592,531409,574
2023-02-17$7.62$9.00150.9%43.5%133.2%62.9%156.3%-10.9%-2.1%1.3M-63.6M-886.0K0.297.83N/AN/A260,76574,950645,718439,497
2023-02-21$7.21$9.00155.4%44.7%127.3%68.2%165.0%-11.0%-2.2%999.6K-55.0M-875.4K0.545.77N/AN/A73,13739,273566,229347,817
2023-02-22$7.13$9.00152.9%43.7%127.3%65.2%166.3%-8.4%-1.0%946.3K-44.5M-864.3K0.735.18N/AN/A74,64654,649585,368365,798
2023-02-23$7.26$9.00144.9%41.6%127.7%55.8%152.4%-6.4%2.3%1.1M-47.6M-876.6K0.845.60N/AN/A54,86846,029604,665390,077
2023-02-24$6.63$9.00138.8%39.2%130.8%48.6%149.2%-1.5%4.1%279.3K-4.0M-780.7K0.503.81N/AN/A102,63050,997616,281399,199
2023-02-27$7.00$9.00138.9%40.0%130.4%48.7%147.9%-4.8%1.5%412.7K-25.0M-796.5K0.513.40N/AN/A81,20841,443519,743371,337
2023-02-28$7.22$9.00141.0%41.8%124.3%51.2%152.2%-4.4%2.5%525.3K-32.7M-820.5K0.579.05N/AN/A165,73794,274562,507386,898