MARA Options History — September 2023

In September 2023, MARA traded between $8.02 and $12.39. ATM implied volatility averaged 93.2%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 26.7%. IV traded below realized volatility by 23.7% (HV 20d: 116.8%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-09-08: Highest Volume — 346,384 contracts
  • 2023-09-29: Largest IV drop — 5.4% change
  • 2023-09-28: Highest IV Rank — 10.3%
  • 2023-09-26: Largest Expected Move — 27.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.89$8.02$12.39$12.00$8.43
Max Pain$10.85$10.00$12.50$12.50$10.00
ATM IV93.2%89.0%96.9%89.0%91.7%
Expected Move26.7%24.5%27.7%24.5%25.7%
HV 20d116.8%59.3%132.6%128.8%67.3%
HV 60d100.4%93.4%107.4%102.7%94.5%
IV Rank5.4%0.0%10.3%0.0%3.5%
IV Percentile5.3%0.0%12.3%0.0%3.6%
Term Structure0.3%-0.8%2.1%2.0%1.6%
VWIV96.3%87.6%101.2%87.6%92.7%
Skew 25d-1.8%-4.1%0.5%-2.5%-2.6%
Skew 10d-5.9%-11.7%1.6%-5.4%-10.1%
Call IV 25d96.4%91.6%100.1%92.8%95.5%
Put IV 25d94.6%90.3%98.7%90.3%92.9%
Bid-Ask Spread %3.592.0817.872.132.53
Gamma HHI0.080.060.170.170.12
Net GEX730.0K-467.0K2.4M1.8M1.2M
Net DEX-24.5M-154.7M29.4M-104.6M7.0M
Net VEX-1.5M-1.6M-1.3M-1.6M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.310.970.760.49
Total Volume148,181.869,542346,384196,684131,142
Total OI1,096,052.8951,7871,245,7671,100,2671,134,959

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$12.00$12.5089.0%24.5%128.8%0.0%87.6%-2.5%2.0%1.8M-104.6M-1.6M0.762.13N/AN/A111,74284,942641,761458,506
2023-09-05$12.07$12.0090.3%26.5%127.6%1.6%94.9%-2.0%0.5%984.4K-116.1M-1.6M0.6817.87N/AN/A58,04839,196589,663439,467
2023-09-06$12.09$12.0090.0%26.5%125.0%1.3%94.5%-2.5%1.5%1.4M-123.0M-1.6M0.424.24N/AN/A91,58038,895606,197447,803
2023-09-07$12.39$12.0090.4%26.6%125.7%1.8%93.8%0.5%0.9%2.4M-154.7M-1.6M0.634.64N/AN/A82,20751,868631,452452,081
2023-09-08$10.82$12.0094.1%27.3%131.7%6.6%97.2%0.2%2.1%301.7K-18.7M-1.4M0.742.81N/AN/A198,803147,581651,364459,569
2023-09-11$10.02$11.0095.7%27.3%132.3%8.7%97.7%-1.1%-0.2%-467.0K10.4M-1.4M0.972.08N/AN/A116,224113,096633,720454,870
2023-09-12$10.14$11.0095.4%27.2%132.6%8.3%97.0%-1.1%-0.8%-191.4K2.1M-1.5M0.392.36N/AN/A142,07056,047669,601487,430
2023-09-13$9.95$11.0095.2%27.3%131.6%8.1%97.9%-0.4%-0.2%-227.1K17.8M-1.5M0.392.47N/AN/A110,96942,747704,470498,555
2023-09-14$10.02$11.0091.3%26.2%131.8%3.0%93.3%-1.4%0.4%1.6K5.6M-1.5M0.482.93N/AN/A107,75551,230729,016504,743
2023-09-15$9.64$11.0091.0%26.2%127.8%2.6%95.1%-1.2%-0.2%464.1K24.4M-1.4M0.622.38N/AN/A91,97557,366751,278494,489
2023-09-18$9.82$11.0095.1%27.2%125.1%8.0%96.4%-2.6%-0.5%836.4K-37.6M-1.5M0.312.73N/AN/A152,08946,524569,761382,026
2023-09-19$9.61$10.5093.2%26.7%125.2%5.5%95.0%-4.1%0.1%1.4M-37.1M-1.5M0.392.91N/AN/A77,95830,324622,687403,193
2023-09-20$9.34$10.0093.7%26.8%125.4%6.0%98.9%-3.2%-0.3%968.5K-20.5M-1.5M0.322.71N/AN/A71,43423,023642,995416,608
2023-09-21$9.20$10.0092.9%26.6%121.7%5.1%97.3%-3.9%1.1%498.6K-9.5M-1.5M0.482.85N/AN/A70,70833,766662,412425,145
2023-09-22$8.73$10.0093.3%26.8%116.3%5.6%96.5%-1.9%-0.4%433.0K18.8M-1.4M0.482.70N/AN/A81,80939,040676,670427,836
2023-09-25$8.59$10.0092.5%26.6%116.2%4.5%97.4%-0.9%-0.4%616.5K7.5M-1.4M0.492.81N/AN/A63,21331,057618,339405,107
2023-09-26$8.27$10.0095.6%27.7%116.4%8.6%100.8%-1.6%-0.5%593.5K17.0M-1.3M0.752.94N/AN/A39,69029,852641,242413,002
2023-09-27$8.02$10.0095.8%27.6%59.3%8.9%101.2%-2.4%-0.2%284.1K29.4M-1.3M0.582.63N/AN/A58,59034,053652,924419,610
2023-09-28$8.61$10.0096.9%27.6%68.7%10.3%99.8%-1.4%-0.1%1.3M-8.6M-1.4M0.313.03N/AN/A117,95437,069671,141429,364
2023-09-29$8.43$10.0091.7%25.7%67.3%3.5%92.7%-2.6%1.6%1.2M7.0M-1.4M0.492.53N/AN/A87,81843,324697,167437,792