MARA Options History — June 2023

In June 2023, MARA traded between $9.18 and $13.89. ATM implied volatility averaged 106.6%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 30.9%. IV traded above realized volatility by 11.3% (HV 20d: 95.3%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-06-21: Highest Volume — 481,369 contracts
  • 2023-06-20: Largest IV spike — 17.4% change
  • 2023-06-21: Highest IV Rank — 36.5%
  • 2023-06-21: Largest Expected Move — 34.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.96$9.18$13.89$10.04$13.89
Max Pain$11.67$10.00$12.00$10.00$12.00
ATM IV106.6%95.6%121.2%107.1%111.0%
Expected Move30.9%27.8%34.7%31.4%31.5%
HV 20d95.3%73.7%111.6%109.9%101.2%
HV 60d115.4%108.9%126.9%126.8%110.8%
IV Rank12.4%0.0%36.5%7.3%22.0%
IV Percentile5.3%0.0%17.5%1.6%9.9%
Term Structure1.9%-1.8%4.3%-1.8%3.2%
VWIV110.7%99.2%127.7%110.7%110.8%
Skew 25d-8.0%-20.7%-0.7%-2.1%-11.1%
Skew 10d-18.0%-42.4%-4.0%-15.0%-27.6%
Call IV 25d115.4%99.6%137.3%112.3%121.4%
Put IV 25d107.4%95.7%119.6%110.2%110.3%
Bid-Ask Spread %8.402.3916.522.395.30
Gamma HHI0.160.070.630.180.47
Net GEX2.5M592.0K6.8M2.7M6.6M
Net DEX-167.4M-349.5M-35.4M-135.0M-349.5M
Net VEX-1.2M-1.4M-1.0M-1.1M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.290.630.600.44
Total Volume243,320.57169,873481,369290,387398,704
Total OI1,032,507.524791,8101,142,7591,010,0201,033,204

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$10.04$10.00107.1%31.4%109.9%7.3%110.7%-2.1%-1.8%2.7M-135.0M-1.1M0.602.39N/AN/A181,758108,629581,427428,593
2023-06-02$10.09$10.00105.8%30.9%107.0%5.3%110.4%-0.7%-1.2%3.0M-138.3M-1.1M0.412.56N/AN/A136,18456,185614,205460,783
2023-06-05$9.18$12.00106.1%30.8%111.6%5.7%112.7%-2.1%2.5%785.2K-44.8M-1.0M0.634.80N/AN/A108,55968,791568,462433,736
2023-06-06$10.09$12.00108.6%31.7%109.3%9.7%113.1%-2.8%1.4%1.9M-121.3M-1.1M0.5810.68N/AN/A161,43493,073598,163461,087
2023-06-07$9.52$12.0099.6%30.7%111.5%0.0%104.8%-5.1%4.3%1.0M-69.7M-1.1M0.397.51N/AN/A117,98446,247612,649482,153
2023-06-08$9.64$12.0099.5%29.6%105.4%0.0%112.7%-5.9%3.4%1.6M-84.3M-1.2M0.4416.52N/AN/A48,58221,291633,318495,387
2023-06-09$9.32$12.0099.4%29.2%85.9%0.0%106.9%-5.1%2.0%592.0K-35.4M-1.1M0.565.59N/AN/A67,48237,868640,956501,803
2023-06-12$9.36$12.0099.6%29.5%85.8%0.4%106.8%-5.4%2.9%803.9K-49.6M-1.1M0.527.36N/AN/A50,11526,031591,696461,372
2023-06-13$9.68$12.0099.7%29.5%83.1%0.4%104.2%-3.3%3.0%1.3M-73.7M-1.1M0.524.42N/AN/A78,36040,916603,939469,950
2023-06-14$9.73$12.0097.2%28.7%82.8%0.0%100.9%-2.1%3.9%1.5M-74.4M-1.1M0.5811.31N/AN/A83,44548,577608,679479,281
2023-06-15$9.38$12.00100.0%28.8%76.1%4.1%102.6%-7.2%-0.9%836.2K-36.6M-1.1M0.4812.27N/AN/A95,55445,710617,450485,329
2023-06-16$9.96$11.0095.6%27.8%73.7%0.0%99.2%-3.9%1.1%6.8M-93.3M-1.1M0.335.28N/AN/A190,40662,390639,857494,899
2023-06-20$11.57$11.00112.3%32.2%89.4%23.8%113.1%-8.8%1.4%1.7M-201.5M-1.2M0.297.32N/AN/A372,733107,658441,853349,957
2023-06-21$12.18$11.00121.2%34.7%89.4%36.5%127.7%-17.7%-0.6%2.9M-272.3M-1.3M0.2914.93N/AN/A373,111108,258516,131389,945
2023-06-22$11.84$12.00114.9%32.9%89.2%27.6%117.3%-17.2%1.5%3.0M-235.2M-1.3M0.5912.34N/AN/A190,624111,706582,862423,016
2023-06-23$12.68$12.00116.3%33.1%91.4%29.5%119.6%-20.7%3.5%2.9M-323.9M-1.4M0.3410.54N/AN/A345,693115,981595,901448,168
2023-06-26$11.80$12.00110.3%31.3%94.1%21.0%112.1%-12.2%3.5%1.7M-195.8M-1.4M0.5312.18N/AN/A162,87687,098516,983409,730
2023-06-27$13.39$12.00111.9%32.1%101.3%23.3%113.6%-10.0%1.8%3.6M-338.5M-1.4M0.385.42N/AN/A215,86782,080553,511433,415
2023-06-28$13.18$12.00110.0%31.2%101.1%20.5%111.6%-13.5%2.9%3.0M-299.3M-1.4M0.609.64N/AN/A126,16676,018555,117451,925
2023-06-29$13.73$12.00112.2%32.0%101.3%23.8%113.8%-10.5%2.4%4.1M-343.2M-1.4M0.448.04N/AN/A180,65778,931557,583458,183
2023-06-30$13.89$12.00111.0%31.5%101.2%22.0%110.8%-11.1%3.2%6.6M-349.5M-1.4M0.445.30N/AN/A276,669122,035567,448465,756