MARA Options History — April 2023

In April 2023, MARA traded between $7.94 and $11.93. ATM implied volatility averaged 126.8%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 36.1%. IV traded below realized volatility by 4.5% (HV 20d: 131.3%). Max pain ranged from $8.00 to $10.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.57.

Notable Days

  • 2023-04-11: Highest Volume — 320,803 contracts
  • 2023-04-06: Largest IV drop — 6.5% change
  • 2023-04-05: Highest IV Rank — 35.9%
  • 2023-04-14: Largest Expected Move — 38.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.78$7.94$11.93$8.48$10.13
Max Pain$9.42$8.00$10.00$10.00$10.00
ATM IV126.8%120.1%133.1%125.2%124.4%
Expected Move36.1%33.4%38.2%34.6%35.1%
HV 20d131.3%113.1%151.3%149.8%113.1%
HV 60d135.2%128.4%149.3%149.3%128.4%
IV Rank26.4%12.8%35.9%32.0%18.2%
IV Percentile23.9%6.3%42.1%21.0%14.7%
Term Structure-0.2%-3.2%3.2%-3.2%-0.9%
VWIV129.2%118.4%138.0%122.0%126.0%
Skew 25d-0.6%-10.8%9.6%9.0%-7.7%
Skew 10d-4.6%-28.8%17.1%17.1%-20.1%
Call IV 25d131.7%121.4%143.6%123.8%134.9%
Put IV 25d131.0%124.6%136.0%132.8%127.2%
Bid-Ask Spread %5.313.077.373.123.28
Gamma HHI0.110.060.290.080.29
Net GEX1.7M-333.9K3.7M1.3M3.2M
Net DEX-155.8M-342.8M-31.6M-85.7M-166.0M
Net VEX-1.1M-1.3M-939.2K-954.5K-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.391.010.440.48
Total Volume178,111.31697,621320,803149,441136,094
Total OI956,161844,1471,072,350874,396970,948

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$8.48$10.00125.2%34.6%149.8%32.0%122.0%9.0%-3.2%1.3M-85.7M-954.5K0.443.12N/AN/A103,88745,554513,972360,424
2023-04-04$8.48$10.00122.0%33.4%148.4%28.2%118.4%9.6%2.6%1.4M-85.0M-967.0K0.733.44N/AN/A57,12841,980528,323376,757
2023-04-05$7.94$10.00128.5%34.0%151.3%35.9%122.0%6.2%3.2%359.1K-49.1M-939.2K0.733.07N/AN/A94,13368,295541,954395,273
2023-04-06$8.02$8.00120.1%35.6%143.8%20.8%126.6%3.2%1.4%-333.9K-51.6M-939.4K0.686.02N/AN/A63,27643,261562,605407,983
2023-04-10$9.04$8.00126.6%36.4%146.5%29.1%128.9%9.3%1.1%1.4M-116.9M-1.0M0.454.81N/AN/A145,61165,673508,602366,552
2023-04-11$10.29$8.00131.4%37.8%127.4%35.3%134.1%-4.9%-1.8%2.4M-225.5M-1.2M0.404.64N/AN/A229,16591,638548,481392,524
2023-04-12$9.96$8.00129.3%36.9%128.7%29.5%129.6%1.1%-0.2%2.5M-187.3M-1.1M0.467.18N/AN/A110,60950,844566,970411,267
2023-04-13$11.52$8.00131.3%37.8%136.3%32.1%134.2%-1.7%0.6%3.0M-323.1M-1.2M0.514.34N/AN/A210,551106,941576,194420,355
2023-04-14$11.93$9.00133.1%38.2%135.2%34.5%135.4%-1.6%0.5%3.7M-342.8M-1.3M0.465.74N/AN/A200,06891,794586,399461,209
2023-04-17$11.52$10.00127.1%36.4%133.4%26.5%128.9%2.2%-0.5%2.4M-272.5M-1.2M0.665.40N/AN/A82,12453,919563,331407,301
2023-04-18$11.61$10.00128.9%36.9%129.5%28.4%131.6%-1.6%0.1%2.5M-282.6M-1.3M0.725.30N/AN/A124,87890,304576,676417,889
2023-04-19$10.79$10.00121.2%34.7%126.3%17.9%125.2%-1.2%0.7%1.8M-203.6M-1.2M0.515.57N/AN/A84,56342,761597,880431,602
2023-04-20$9.59$10.00127.0%36.5%125.3%25.8%130.3%-2.0%-1.4%946.5K-89.2M-1.1M0.676.08N/AN/A94,02463,006614,258440,277
2023-04-21$8.93$10.00122.2%35.0%126.2%17.2%127.7%-3.5%0.3%1.1M-31.6M-1.0M1.015.43N/AN/A88,34389,442626,376445,974
2023-04-24$9.00$10.00120.6%34.6%123.0%12.8%125.7%-2.5%-0.5%791.8K-78.5M-1.0M0.626.76N/AN/A60,14737,474500,027344,120
2023-04-25$9.07$10.00127.0%36.5%118.1%21.8%133.5%-7.0%-0.8%976.9K-88.0M-1.1M0.397.26N/AN/A78,11430,524515,558354,890
2023-04-26$9.59$10.00131.9%37.7%118.6%28.7%138.0%-10.8%-2.7%1.6M-128.4M-1.1M0.477.37N/AN/A170,01280,533535,176361,724
2023-04-27$9.98$10.00130.8%37.5%113.6%27.2%136.5%-7.7%-1.8%2.0M-151.7M-1.2M0.416.12N/AN/A111,87645,569559,766377,442
2023-04-28$10.13$10.00124.4%35.1%113.1%18.2%126.0%-7.7%-0.9%3.2M-166.0M-1.2M0.483.28N/AN/A91,94644,148583,408387,540