MARA Options History — December 2023

In December 2023, MARA traded between $13.55 and $31.13. ATM implied volatility averaged 128.6%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 37.3%. IV traded above realized volatility by 30.6% (HV 20d: 98.0%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-12-29: Highest Volume — 1,073,615 contracts
  • 2023-12-04: Largest IV spike — 15.7% change
  • 2023-12-26: Highest IV Rank — 100.0%
  • 2023-12-28: Largest Expected Move — 58.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.97$13.55$31.13$13.55$23.12
Max Pain$11.18$10.00$15.00$12.00$15.00
ATM IV128.6%94.3%195.4%94.3%164.8%
Expected Move37.3%27.1%58.3%27.1%49.0%
HV 20d98.0%81.9%142.7%87.4%142.7%
HV 60d93.9%86.9%106.4%90.9%106.4%
IV Rank47.6%6.9%100.0%6.9%71.3%
IV Percentile59.7%9.1%100.0%9.1%97.6%
Term Structure-1.3%-8.2%5.0%1.1%-5.8%
VWIV134.8%97.3%206.7%97.3%180.7%
Skew 25d-16.0%-22.9%-6.8%-6.8%-21.9%
Skew 10d-28.6%-55.7%-11.2%-14.0%-40.2%
Call IV 25d143.4%100.9%214.9%100.9%185.0%
Put IV 25d127.4%94.1%192.9%94.1%163.1%
Bid-Ask Spread %9.092.8914.372.899.91
Gamma HHI0.100.060.350.240.08
Net GEX6.8M186.9K12.3M7.7M186.9K
Net DEX-1.05B-2.14B-486.2M-559.5M-867.6M
Net VEX-2.6M-3.7M-2.0M-2.0M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.330.710.370.70
Total Volume456,871.05141,2131,073,615404,8991,073,615
Total OI1,478,837.051,215,3321,887,7501,376,7681,887,750

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$13.55$12.0094.3%27.1%87.4%6.9%97.3%-6.8%1.1%7.7M-559.5M-2.0M0.372.89N/AN/A294,890110,009882,695494,073
2023-12-04$14.96$10.00109.1%31.7%89.8%26.3%115.6%-14.2%4.2%4.8M-613.9M-2.2M0.386.97N/AN/A323,554122,382814,977459,409
2023-12-05$15.36$10.00109.9%32.0%88.1%27.3%116.5%-13.9%3.9%5.9M-676.0M-2.2M0.3610.19N/AN/A284,733101,638875,126489,497
2023-12-06$15.66$10.00107.7%31.9%86.8%24.3%116.1%-14.5%5.0%6.6M-702.4M-2.3M0.499.13N/AN/A169,34383,488910,959521,334
2023-12-07$15.41$10.00106.4%31.0%81.9%22.7%112.8%-15.1%4.0%5.7M-660.8M-2.3M0.609.82N/AN/A108,74865,357923,727541,993
2023-12-08$16.68$10.00105.4%30.7%82.4%21.4%111.4%-13.8%4.8%5.7M-843.7M-2.3M0.466.81N/AN/A216,65999,769935,067552,362
2023-12-11$14.64$10.00109.5%31.4%100.0%26.7%115.2%-12.7%-0.9%2.6M-486.2M-2.2M0.5310.56N/AN/A201,126106,694848,224502,184
2023-12-12$14.93$10.00104.6%30.0%97.5%20.4%108.4%-14.8%-1.0%3.2M-532.0M-2.2M0.3313.84N/AN/A106,22934,984890,185539,491
2023-12-13$16.66$10.00109.6%31.0%101.5%26.9%111.8%-13.6%-2.0%6.5M-791.2M-2.3M0.369.80N/AN/A218,37278,247907,881547,149
2023-12-14$17.76$10.00111.4%31.6%97.9%29.2%115.7%-18.8%-1.4%8.1M-924.0M-2.4M0.499.21N/AN/A237,322116,394910,513565,283
2023-12-15$18.09$10.00116.0%32.7%93.3%35.2%119.7%-15.7%-2.5%12.0M-972.4M-2.4M0.468.52N/AN/A209,15896,735921,517599,890
2023-12-18$19.96$10.00116.1%33.1%96.2%35.3%122.0%-17.7%0.1%6.9M-976.9M-2.4M0.678.44N/AN/A223,955149,062784,644430,688
2023-12-19$21.94$10.00126.6%36.2%98.3%49.1%128.2%-22.0%-0.7%7.4M-1.20B-2.6M0.696.87N/AN/A351,665242,538821,920474,841
2023-12-20$22.45$11.00139.7%40.1%96.0%66.3%147.7%-22.9%-1.4%6.8M-1.26B-2.9M0.4314.37N/AN/A432,370187,527880,478570,689
2023-12-21$24.93$12.50141.7%40.8%98.8%68.9%144.6%-17.3%-4.5%10.0M-1.58B-3.0M0.4711.59N/AN/A369,141173,037949,986610,201
2023-12-22$26.98$12.50161.2%46.9%99.6%94.3%167.4%-17.5%-8.2%12.3M-1.89B-3.2M0.5210.67N/AN/A521,484268,590986,360658,206
2023-12-26$26.86$12.50168.1%49.3%100.0%100.0%175.8%-13.8%-7.7%7.3M-1.57B-3.3M0.717.94N/AN/A211,503149,862905,649620,363
2023-12-27$31.13$14.00173.7%51.4%105.5%100.0%182.5%-10.7%-5.6%9.6M-2.14B-3.4M0.565.79N/AN/A415,727232,768952,163674,015
2023-12-28$28.34$14.00195.4%58.3%115.9%100.0%206.7%-22.0%-8.0%6.8M-1.71B-3.7M0.618.57N/AN/A465,606283,140992,249743,003
2023-12-29$23.12$15.00164.8%49.0%142.7%71.3%180.7%-21.9%-5.8%186.9K-867.6M-3.5M0.709.91N/AN/A630,386443,2291,078,770808,980