MARA Options History — July 2023

In July 2023, MARA traded between $15.25 and $19.27. ATM implied volatility averaged 111.5%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 32.1%. IV traded above realized volatility by 18.5% (HV 20d: 93.0%). Max pain ranged from $11.00 to $17.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.55.

Notable Days

  • 2023-07-13: Highest Volume — 444,811 contracts
  • 2023-07-21: Largest IV drop — 9.0% change
  • 2023-07-13: Highest IV Rank — 34.4%
  • 2023-07-13: Largest Expected Move — 34.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.78$15.25$19.27$15.32$17.36
Max Pain$14.75$11.00$17.00$12.00$17.00
ATM IV111.5%100.9%119.7%113.4%104.2%
Expected Move32.1%29.2%34.4%32.6%30.5%
HV 20d93.0%79.5%105.1%105.1%83.0%
HV 60d104.1%97.3%111.3%111.2%97.4%
IV Rank22.8%7.5%34.4%25.5%12.2%
IV Percentile11.2%3.2%20.2%12.7%5.2%
Term Structure0.3%-2.2%3.7%3.0%-2.2%
VWIV114.5%105.1%122.2%112.9%108.0%
Skew 25d-12.8%-17.8%-8.9%-11.1%-8.9%
Skew 10d-25.6%-39.2%-14.5%-15.9%-17.9%
Call IV 25d123.8%110.1%138.4%125.5%112.2%
Put IV 25d111.1%100.2%120.6%114.4%103.3%
Bid-Ask Spread %5.272.7215.412.722.94
Gamma HHI0.100.060.380.100.07
Net GEX2.9M548.8K6.9M3.3M2.4M
Net DEX-438.8M-726.0M-256.9M-433.9M-379.0M
Net VEX-1.6M-1.8M-1.4M-1.4M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.360.810.560.51
Total Volume222,021.05110,325444,811258,381144,811
Total OI1,031,526.9915,5371,169,865922,135932,010

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$15.32$12.00113.4%32.6%105.1%25.5%112.9%-11.1%3.0%3.3M-433.9M-1.4M0.562.72N/AN/A166,13792,244513,218408,917
2023-07-05$15.71$12.00117.2%33.3%95.9%30.9%118.5%-10.1%0.6%2.9M-441.0M-1.4M0.583.16N/AN/A174,585100,984519,950443,091
2023-07-06$15.25$11.00116.0%34.0%94.4%29.2%119.2%-11.8%2.7%2.4M-393.2M-1.5M0.6615.41N/AN/A146,38597,288543,207469,263
2023-07-07$15.59$11.00113.2%33.2%89.7%25.1%117.0%-14.4%3.7%5.7M-447.7M-1.5M0.555.92N/AN/A258,500142,893572,722479,573
2023-07-10$16.88$13.00113.4%32.8%91.6%25.4%116.5%-11.7%0.5%3.2M-513.3M-1.6M0.483.40N/AN/A165,03979,837537,630445,402
2023-07-11$17.43$13.00110.0%31.7%88.7%20.6%112.7%-11.2%0.4%4.3M-569.7M-1.5M0.443.83N/AN/A139,96461,487558,336459,144
2023-07-12$16.93$14.00117.7%33.5%90.8%31.5%118.5%-15.1%-0.3%3.8M-520.4M-1.6M0.554.46N/AN/A166,50892,095571,148474,400
2023-07-13$19.27$15.00119.7%34.4%97.5%34.4%122.2%-17.8%-1.1%4.8M-726.0M-1.6M0.433.38N/AN/A310,060134,751585,414500,920
2023-07-14$18.07$15.00116.7%33.5%103.2%30.1%120.4%-14.3%0.1%6.9M-591.3M-1.7M0.483.87N/AN/A226,884109,172617,875538,332
2023-07-17$17.34$15.00116.1%33.2%103.6%29.3%118.2%-15.0%-0.2%2.1M-477.3M-1.6M0.674.41N/AN/A120,54580,346558,763485,386
2023-07-18$16.91$15.00113.8%32.6%104.8%26.0%118.0%-13.9%0.2%1.8M-438.5M-1.7M0.635.03N/AN/A89,58156,466583,901509,287
2023-07-19$17.61$15.00116.2%33.3%94.4%29.4%118.1%-13.0%-0.9%2.9M-510.6M-1.7M0.564.22N/AN/A104,61558,236595,660519,801
2023-07-20$16.91$15.00113.5%32.6%96.1%25.6%116.2%-16.4%-1.1%1.4M-433.9M-1.7M0.815.32N/AN/A109,80788,529613,245536,020
2023-07-21$16.91$17.00103.3%29.5%94.9%11.0%105.1%-13.0%0.8%548.8K-408.7M-1.7M0.556.05N/AN/A131,87472,136621,701548,164
2023-07-24$16.46$17.00106.9%30.8%94.2%16.1%111.9%-11.7%1.5%1.1M-290.5M-1.7M0.496.72N/AN/A102,52550,184491,419424,118
2023-07-25$16.29$17.00108.9%31.3%89.2%19.0%113.0%-12.9%-0.5%1.4M-288.5M-1.8M0.365.94N/AN/A94,61534,045515,666442,415
2023-07-26$16.81$17.00106.5%30.4%79.5%15.6%110.3%-11.3%0.3%2.6M-335.5M-1.8M0.517.26N/AN/A73,17437,151535,525448,871
2023-07-27$15.95$17.00103.4%29.6%82.1%11.1%106.8%-12.1%-0.5%866.6K-256.9M-1.7M0.508.22N/AN/A103,68851,708544,848454,945
2023-07-28$16.63$17.00100.9%29.2%82.2%7.5%105.9%-9.9%-0.4%2.7M-319.3M-1.7M0.603.14N/AN/A107,14764,425562,951467,300
2023-07-31$17.36$17.00104.2%30.5%83.0%12.2%108.0%-8.9%-2.2%2.4M-379.0M-1.8M0.512.94N/AN/A95,93148,880508,281423,729