MARA Options History — November 2023

In November 2023, MARA traded between $8.54 and $12.43. ATM implied volatility averaged 105.5%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 30.6%. IV traded above realized volatility by 19.1% (HV 20d: 86.4%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-11-09: Highest Volume — 527,912 contracts
  • 2023-11-15: Largest IV spike — 6.9% change
  • 2023-11-08: Highest IV Rank — 36.4%
  • 2023-11-08: Largest Expected Move — 33.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.16$8.54$12.43$9.02$11.96
Max Pain$11.52$11.00$12.00$11.00$11.50
ATM IV105.5%95.2%116.9%111.4%95.2%
Expected Move30.6%27.2%33.8%33.5%27.2%
HV 20d86.4%76.1%94.7%85.7%81.5%
HV 60d97.4%85.6%103.5%101.4%87.4%
IV Rank21.5%8.1%36.4%29.2%8.1%
IV Percentile27.9%9.9%46.8%37.3%9.9%
Term Structure0.4%-1.3%2.8%-1.3%0.5%
VWIV110.0%99.0%122.2%117.8%99.0%
Skew 25d-6.0%-11.8%-2.8%-2.8%-7.8%
Skew 10d-15.0%-22.8%-5.2%-5.2%-19.9%
Call IV 25d112.4%101.6%124.3%115.8%101.6%
Put IV 25d106.4%93.9%118.4%113.0%93.9%
Bid-Ask Spread %10.153.0025.563.033.44
Gamma HHI0.140.080.690.080.12
Net GEX3.9M1.6M13.0M2.0M5.4M
Net DEX-178.6M-401.2M-45.9M-76.9M-338.4M
Net VEX-1.7M-2.0M-1.4M-1.5M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.210.620.280.41
Total Volume211,945.04899,541527,91299,541138,577
Total OI1,287,885.7621,170,8681,409,2191,216,4601,362,691

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$9.02$11.00111.4%33.5%85.7%29.2%117.8%-2.8%-1.3%2.0M-76.9M-1.5M0.283.03N/AN/A77,64721,894779,745436,715
2023-11-02$9.80$12.00109.1%32.4%89.5%26.3%117.7%-4.9%0.9%3.7M-154.7M-1.6M0.427.02N/AN/A156,21564,878796,567443,594
2023-11-03$9.46$12.00105.0%31.1%88.9%20.9%111.8%-4.9%1.0%3.9M-117.4M-1.5M0.3223.75N/AN/A154,71049,772824,123453,322
2023-11-06$9.23$12.00107.6%31.7%88.7%24.2%113.6%-4.4%2.8%2.0M-85.4M-1.5M0.3311.70N/AN/A98,93632,606755,216415,867
2023-11-07$9.09$12.00110.9%31.9%89.0%28.6%114.3%-4.6%0.2%2.0M-74.9M-1.5M0.217.11N/AN/A111,47923,906789,225432,539
2023-11-08$8.54$12.00116.9%33.8%88.7%36.4%122.2%-5.9%0.3%1.6M-45.9M-1.4M0.426.58N/AN/A129,74454,990822,251439,763
2023-11-09$9.18$12.00114.5%33.1%91.9%33.3%120.1%-7.9%1.1%3.3M-108.6M-1.6M0.247.69N/AN/A425,065102,847871,470458,134
2023-11-10$9.52$12.00113.1%32.9%91.7%31.4%117.3%-5.3%2.6%4.2M-122.1M-1.6M0.2721.81N/AN/A161,04843,554905,501490,377
2023-11-13$9.16$12.00111.6%32.0%92.3%29.5%115.8%-4.9%0.8%2.0M-77.3M-1.5M0.2723.10N/AN/A114,42931,198829,632455,732
2023-11-14$9.16$12.00106.3%30.5%91.5%22.6%111.3%-6.1%0.2%2.1M-77.8M-1.5M0.2611.57N/AN/A118,11430,678834,995468,905
2023-11-15$10.23$11.00113.7%32.6%91.6%32.2%116.9%-7.9%-0.5%3.8M-184.2M-1.7M0.3011.04N/AN/A237,09371,535842,162476,349
2023-11-16$9.70$12.00108.7%31.2%94.6%25.7%112.3%-6.7%-0.5%3.7M-120.6M-1.6M0.413.63N/AN/A135,89855,041891,819494,084
2023-11-17$9.98$11.00101.3%29.0%94.7%16.0%104.7%-6.5%1.3%13.0M-156.9M-1.6M0.4025.56N/AN/A142,10857,031912,966496,253
2023-11-20$10.57$11.0099.9%28.7%85.7%14.2%103.7%-4.6%-0.7%3.1M-205.6M-1.7M0.333.99N/AN/A188,91561,393756,529414,339
2023-11-21$10.34$11.00100.6%28.8%78.0%15.2%102.7%-5.5%-0.7%3.2M-181.0M-1.7M0.379.19N/AN/A136,63150,721797,106429,898
2023-11-22$10.89$11.0097.9%27.9%78.9%11.6%100.2%-5.4%-0.1%4.5M-253.1M-1.8M0.273.61N/AN/A172,20546,706827,340450,350
2023-11-24$11.30$11.0098.4%28.7%76.2%12.2%102.1%-5.7%-1.3%4.0M-313.6M-1.8M0.363.15N/AN/A207,20573,707852,031463,767
2023-11-27$11.32$11.0098.6%29.1%76.1%12.5%103.3%-5.5%0.7%3.2M-265.3M-1.8M0.625.90N/AN/A117,94173,607801,009437,903
2023-11-28$12.38$11.0097.5%28.5%80.1%11.1%101.1%-7.4%0.8%5.0M-390.3M-1.9M0.333.00N/AN/A224,41673,732835,516461,805
2023-11-29$12.43$11.5097.2%28.3%79.4%10.7%101.2%-11.8%0.0%5.7M-401.2M-2.0M0.3817.32N/AN/A132,51450,160860,674477,337
2023-11-30$11.96$11.5095.2%27.2%81.5%8.1%99.0%-7.8%0.5%5.4M-338.4M-1.9M0.413.44N/AN/A98,33440,243874,769487,922