MARA Options History — August 2023

In August 2023, MARA traded between $10.48 and $16.86. ATM implied volatility averaged 96.6%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 27.6%. IV traded above realized volatility by 16.1% (HV 20d: 80.4%). Max pain ranged from $12.00 to $17.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.62.

Notable Days

  • 2023-08-29: Highest Volume — 360,409 contracts
  • 2023-08-29: Largest IV spike — 6.2% change
  • 2023-08-02: Highest IV Rank — 15.3%
  • 2023-08-02: Largest Expected Move — 31.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.60$10.48$16.86$16.86$12.63
Max Pain$12.70$12.00$17.00$17.00$12.00
ATM IV96.6%90.0%106.3%104.5%93.2%
Expected Move27.6%25.1%31.1%30.6%26.0%
HV 20d80.4%60.9%128.5%77.5%128.5%
HV 60d91.7%84.6%105.5%96.9%102.9%
IV Rank6.4%0.0%15.3%12.7%4.2%
IV Percentile2.7%0.0%7.5%6.0%2.8%
Term Structure0.5%-2.7%5.3%-2.1%0.4%
VWIV99.2%88.5%112.7%108.8%92.2%
Skew 25d-4.9%-10.2%0.7%-8.2%-1.6%
Skew 10d-10.7%-30.7%0.5%-11.8%-6.5%
Call IV 25d102.0%93.7%114.2%111.5%96.7%
Put IV 25d97.2%89.3%104.9%103.3%95.0%
Bid-Ask Spread %8.792.2930.902.822.56
Gamma HHI0.100.040.710.060.07
Net GEX-80.1K-12.7M2.4M2.1M1.9M
Net DEX-164.7M-341.4M-2.6M-341.4M-169.9M
Net VEX-1.7M-1.8M-1.4M-1.8M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.421.060.480.73
Total Volume163,571.34852,867360,409158,061236,698
Total OI1,028,876.087934,0871,111,108974,6321,067,929

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$16.86$17.00104.5%30.6%77.5%12.7%108.8%-8.2%-2.1%2.1M-341.4M-1.8M0.482.82N/AN/A106,68451,377534,525440,107
2023-08-02$16.48$17.00106.3%31.1%77.7%15.3%112.7%-9.3%-2.7%2.1M-327.5M-1.8M0.772.76N/AN/A107,50382,846560,017449,377
2023-08-03$16.56$12.00103.7%29.4%76.8%11.5%105.1%-10.0%-2.3%1.8M-328.9M-1.8M0.4414.49N/AN/A94,28141,122566,122486,187
2023-08-04$15.91$12.0098.6%28.2%78.0%4.3%102.2%-10.2%-1.8%-1.5M-248.7M-1.8M0.828.63N/AN/A99,57281,903574,711495,257
2023-08-07$14.91$12.0099.1%28.9%75.5%5.1%103.9%-8.6%1.9%-511.5K-181.0M-1.7M0.648.95N/AN/A108,28069,375522,157465,826
2023-08-08$15.82$12.00102.9%29.4%77.9%10.5%104.5%-8.4%-0.7%410.4K-276.0M-1.8M0.497.93N/AN/A103,52150,871548,644484,799
2023-08-09$15.57$13.0097.5%28.7%77.5%2.7%103.8%-9.7%2.5%267.6K-276.6M-1.8M0.459.70N/AN/A105,50347,287580,074493,323
2023-08-10$14.50$13.0093.9%27.2%63.0%0.0%100.1%-7.4%1.4%-1.6M-153.6M-1.7M0.626.65N/AN/A111,30468,544587,871504,554
2023-08-11$14.96$13.0090.0%26.4%62.1%0.0%94.2%-6.8%3.5%-12.7M-190.4M-1.8M0.6919.34N/AN/A89,39761,406595,922515,186
2023-08-14$14.93$13.0092.4%26.6%60.9%3.1%96.4%-6.9%0.3%443.6K-219.8M-1.7M0.574.41N/AN/A71,00040,435537,181457,673
2023-08-15$14.02$13.0091.0%26.2%63.8%1.3%93.6%-5.7%1.1%139.5K-154.8M-1.7M1.0625.74N/AN/A66,65170,751561,455465,100
2023-08-16$13.64$13.0090.3%25.9%61.3%0.3%92.4%-5.4%1.5%-593.6K-107.0M-1.7M0.678.73N/AN/A79,99253,324576,528495,237
2023-08-17$12.27$12.0095.5%27.3%69.1%7.2%99.6%-5.3%1.4%-475.6K-44.0M-1.6M0.6130.90N/AN/A128,30578,138590,812475,814
2023-08-18$11.25$12.00101.3%29.1%73.1%15.0%105.8%-1.9%-0.8%20.0K-2.6M-1.5M0.983.24N/AN/A95,10893,479612,489476,316
2023-08-21$11.07$12.0098.3%27.9%73.1%11.0%100.0%-0.3%0.7%-74.1K-42.2M-1.5M0.6819.30N/AN/A95,87364,809520,114413,973
2023-08-22$10.96$12.0097.6%27.7%73.1%10.0%102.2%-1.8%0.8%478.2K-47.9M-1.5M0.592.93N/AN/A67,50239,574554,504418,182
2023-08-23$11.79$12.0093.7%26.5%78.3%4.8%93.9%-1.0%-0.1%1.0M-101.7M-1.6M0.506.31N/AN/A103,55651,766571,489429,067
2023-08-24$10.48$12.0096.4%27.4%85.3%8.4%98.0%0.7%-0.2%137.3K-15.9M-1.4M0.476.01N/AN/A84,89939,623600,828430,361
2023-08-25$10.55$12.0091.8%25.6%82.7%2.4%93.2%0.3%1.3%236.9K-24.9M-1.4M0.542.29N/AN/A66,39435,723613,108426,613
2023-08-28$10.61$12.0092.4%25.5%79.8%3.2%91.9%0.6%0.6%457.2K-36.3M-1.4M0.452.58N/AN/A36,53616,331541,286403,855
2023-08-29$13.70$12.0098.1%27.7%127.4%10.7%98.4%-3.2%-1.5%1.7M-251.8M-1.8M0.423.01N/AN/A253,562106,847554,792408,734
2023-08-30$13.41$12.0092.2%25.1%127.4%2.9%88.5%-2.3%5.3%2.4M-245.8M-1.8M0.522.80N/AN/A134,68669,803613,474442,577
2023-08-31$12.63$12.0093.2%26.0%128.5%4.2%92.2%-1.6%0.4%1.9M-169.9M-1.7M0.732.56N/AN/A137,16499,534624,582443,347