MARA Options History — May 2023

In May 2023, MARA traded between $8.73 and $10.46. ATM implied volatility averaged 114.0%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 33.1%. IV traded below realized volatility by 8.2% (HV 20d: 122.2%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-05-10: Highest Volume — 243,671 contracts
  • 2023-05-12: Largest IV drop — 5.8% change
  • 2023-05-02: Highest IV Rank — 20.8%
  • 2023-05-02: Largest Expected Move — 36.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.48$8.73$10.46$8.79$9.75
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV114.0%102.5%126.3%124.3%108.1%
Expected Move33.1%29.4%36.9%35.8%31.8%
HV 20d122.2%109.6%128.5%120.8%109.6%
HV 60d129.3%126.7%132.9%131.7%127.1%
IV Rank8.9%0.0%20.8%18.0%8.9%
IV Percentile5.1%0.0%19.4%14.7%2.4%
Term Structure0.9%-1.5%4.1%0.4%-0.3%
VWIV121.3%107.2%136.9%131.8%115.3%
Skew 25d-5.0%-11.8%-0.7%-6.1%-1.5%
Skew 10d-16.5%-35.2%-6.6%-23.8%-11.1%
Call IV 25d122.1%106.8%137.9%134.7%112.7%
Put IV 25d117.1%106.1%130.4%128.5%111.3%
Bid-Ask Spread %4.872.616.594.162.63
Gamma HHI0.100.060.450.060.14
Net GEX1.3M249.1K4.8M744.3K1.8M
Net DEX-94.3M-173.1M-37.9M-72.8M-106.6M
Net VEX-1.1M-1.2M-996.8K-1.1M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.260.780.760.36
Total Volume139,60182,985243,671147,696138,666
Total OI953,861.409866,0621,029,705866,062987,943

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$8.79$10.00124.3%35.8%120.8%18.0%131.8%-6.1%0.4%744.3K-72.8M-1.1M0.764.16N/AN/A84,11363,583511,224354,838
2023-05-02$9.61$10.00126.3%36.9%124.6%20.8%132.6%-10.3%0.7%1.4M-120.7M-1.1M0.502.89N/AN/A86,21543,341535,523373,351
2023-05-03$9.52$10.00123.1%36.0%124.7%16.2%136.1%-11.4%4.1%1.5M-119.4M-1.1M0.503.53N/AN/A70,87635,567553,435383,926
2023-05-04$10.21$10.00125.1%36.9%123.6%19.1%136.9%-5.6%1.0%2.3M-163.7M-1.2M0.446.29N/AN/A106,78147,384556,917394,180
2023-05-05$10.46$10.00120.7%35.7%123.7%12.8%127.7%-6.9%0.7%4.8M-173.1M-1.2M0.376.48N/AN/A117,59443,484564,708401,916
2023-05-08$9.32$10.00124.0%36.0%125.0%17.5%136.2%-10.1%1.7%933.7K-94.1M-1.1M0.505.02N/AN/A83,52941,907521,719372,730
2023-05-09$9.38$10.00123.2%36.1%115.6%16.5%132.9%-11.8%1.7%1.2M-101.1M-1.1M0.266.52N/AN/A71,87418,388546,524385,155
2023-05-10$10.36$10.00118.2%34.4%120.7%9.4%130.8%-9.3%1.5%2.5M-169.0M-1.2M0.476.59N/AN/A165,27678,395567,449391,382
2023-05-11$8.73$10.00119.7%35.0%123.1%11.4%127.4%-6.2%2.6%249.1K-42.2M-1.0M0.555.95N/AN/A127,85069,708579,053408,527
2023-05-12$8.82$10.00112.8%32.8%122.1%1.7%122.0%-3.3%3.1%442.0K-37.9M-996.8K0.605.43N/AN/A78,35946,647603,026419,574
2023-05-15$9.45$10.00109.8%31.6%125.4%0.0%118.5%-4.2%-0.0%918.0K-89.8M-1.0M0.465.86N/AN/A67,69231,459528,314389,074
2023-05-16$9.27$10.00109.4%31.5%125.3%0.0%117.6%-2.6%-0.9%913.5K-77.1M-1.0M0.715.26N/AN/A48,49534,490542,742392,577
2023-05-17$10.20$10.00107.5%30.8%128.5%0.0%114.6%-3.3%1.0%2.0M-140.7M-1.1M0.605.17N/AN/A80,79148,860552,347407,589
2023-05-18$9.41$10.00107.8%30.9%124.7%0.4%109.8%-2.9%-0.8%943.3K-76.8M-1.0M0.785.64N/AN/A109,86885,496563,808413,543
2023-05-19$9.18$10.00105.2%30.2%122.3%0.0%108.1%-2.2%0.8%657.9K-62.0M-1.0M0.434.28N/AN/A72,60131,229597,584432,121
2023-05-22$9.66$10.00102.5%29.4%123.5%0.0%107.2%-0.7%1.9%1.1M-92.3M-1.0M0.434.97N/AN/A86,17336,689515,011382,366
2023-05-23$9.36$10.00103.0%29.7%124.1%0.8%108.5%-2.3%0.4%1.0M-74.6M-1.0M0.525.03N/AN/A72,76037,983534,110396,697
2023-05-24$9.54$10.00104.2%30.5%122.7%2.7%109.2%-2.0%1.6%1.0M-81.4M-1.0M0.614.23N/AN/A52,44331,896547,360407,254
2023-05-25$9.11$10.00109.1%31.1%122.7%10.5%111.5%-1.4%-1.5%459.1K-54.1M-1.0M0.605.89N/AN/A89,59053,887563,698420,062
2023-05-26$8.91$10.00113.3%33.2%122.7%17.2%118.2%-3.9%-0.1%580.7K-39.8M-1.0M0.392.63N/AN/A131,43850,688590,600436,473
2023-05-30$9.43$10.00110.0%32.4%113.5%11.9%116.5%-1.0%0.3%1.2M-86.3M-1.0M0.422.61N/AN/A138,95258,205547,511411,010
2023-05-31$9.75$10.00108.1%31.8%109.6%8.9%115.3%-1.5%-0.3%1.8M-106.6M-1.0M0.362.63N/AN/A102,27036,396567,224420,719