MARA Options History — January 2024

In January 2024, MARA traded between $15.77 and $26.88. ATM implied volatility averaged 126.2%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 36.1%. IV traded below realized volatility by 18.2% (HV 20d: 144.3%). Max pain ranged from $15.00 to $23.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2024-01-11: Highest Volume — 1,080,538 contracts
  • 2024-01-12: Largest IV drop — 9.8% change
  • 2024-01-02: Highest IV Rank — 67.6%
  • 2024-01-02: Largest Expected Move — 50.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.03$15.77$26.88$22.84$17.73
Max Pain$21.14$15.00$23.00$15.00$19.00
ATM IV126.2%100.4%160.9%160.9%109.6%
Expected Move36.1%28.8%50.4%50.4%30.1%
HV 20d144.3%115.0%160.7%139.2%115.2%
HV 60d115.3%106.2%121.3%106.6%116.9%
IV Rank34.9%10.7%67.6%67.6%19.4%
IV Percentile62.5%22.2%96.8%96.8%44.0%
Term Structure-2.2%-20.4%4.1%-4.1%2.3%
VWIV130.5%104.8%185.2%185.2%111.3%
Skew 25d-11.7%-23.3%-6.9%-18.7%-15.7%
Skew 10d-22.4%-35.2%-11.1%-28.3%-35.2%
Call IV 25d136.9%108.3%182.7%176.4%120.4%
Put IV 25d125.1%99.2%159.5%157.7%104.7%
Bid-Ask Spread %9.773.8118.489.3815.92
Gamma HHI0.060.050.110.050.07
Net GEX3.6M-2.6M11.2M3.2M6.7M
Net DEX-607.7M-1.54B-90.6M-937.1M-414.2M
Net VEX-3.1M-3.6M-2.7M-3.4M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.321.090.450.62
Total Volume457,162.381180,8631,080,538458,683337,959
Total OI1,680,408.2381,328,4692,025,3981,656,6481,487,543

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$22.84$15.00160.9%50.4%139.2%67.6%185.2%-18.7%-4.1%3.2M-937.1M-3.4M0.459.38N/AN/A317,184141,499963,518693,130
2024-01-03$23.61$15.00155.6%47.3%136.6%62.6%172.6%-16.4%-3.6%4.5M-1.03B-3.5M0.6010.71N/AN/A265,536159,7321,039,135719,904
2024-01-04$26.88$23.00148.5%41.2%141.8%56.0%145.1%-14.8%-2.2%11.2M-1.54B-3.6M0.524.24N/AN/A322,428167,3481,069,410750,393
2024-01-05$24.09$23.00148.9%41.0%150.0%56.3%148.1%-13.1%-4.6%4.0M-1.07B-3.5M0.583.93N/AN/A298,671174,6011,095,733780,671
2024-01-08$26.16$23.00144.6%40.2%150.8%52.2%143.1%-12.6%-2.7%6.5M-1.34B-3.5M0.553.81N/AN/A257,913140,570969,091684,466
2024-01-09$25.69$23.00145.3%40.4%150.2%52.9%140.6%-9.0%-3.4%7.1M-1.29B-3.5M0.625.45N/AN/A157,80598,3641,022,612725,674
2024-01-10$25.55$23.00148.2%40.6%139.6%55.7%144.0%-23.3%-20.4%7.4M-1.30B-3.5M0.5512.48N/AN/A272,911148,7391,052,392763,841
2024-01-11$22.30$23.00134.8%37.8%151.3%43.0%134.9%-13.1%-4.2%1.0M-769.4M-3.2M0.605.54N/AN/A676,343404,1951,087,680792,056
2024-01-12$19.04$23.00121.5%34.3%159.9%30.5%121.7%-11.2%-2.6%-2.6M-239.9M-2.9M1.097.05N/AN/A490,807537,0531,179,280846,118
2024-01-16$17.77$23.00124.6%35.6%160.5%33.5%127.3%-7.2%-7.6%-1.1M-229.1M-2.7M0.589.30N/AN/A274,886159,0481,011,894770,870
2024-01-17$17.23$23.00121.9%35.0%160.7%30.9%125.3%-6.9%-2.7%-1.0M-176.7M-2.7M0.6613.16N/AN/A187,462123,6971,078,031789,499
2024-01-18$16.20$22.00117.8%33.9%157.4%27.0%121.0%-7.0%-2.5%-1.2M-90.6M-2.7M0.7418.48N/AN/A296,229219,3871,121,461788,380
2024-01-19$16.12$21.00116.3%33.6%152.5%25.6%121.6%-10.0%-2.6%654.7K-147.9M-2.7M0.6413.52N/AN/A411,486263,3071,182,109785,677
2024-01-22$16.59$21.00109.9%32.0%152.7%19.6%116.4%-6.9%1.1%1.4M-198.7M-2.8M0.6313.62N/AN/A207,867131,700778,903549,566
2024-01-23$16.24$21.00105.2%30.6%146.0%15.2%113.9%-7.8%1.6%2.0M-176.4M-2.7M0.6810.82N/AN/A107,35673,507829,794573,478
2024-01-24$15.77$21.00102.9%30.1%141.1%13.1%112.5%-9.3%1.1%1.1M-128.3M-2.7M0.669.69N/AN/A165,106108,864847,256584,693
2024-01-25$16.27$21.00100.4%28.8%142.4%10.7%104.8%-9.1%2.8%5.2M-223.9M-2.7M0.7211.72N/AN/A174,070125,438893,214575,426
2024-01-26$17.74$21.00108.1%30.9%134.0%18.0%114.8%-10.3%1.3%7.4M-461.4M-3.0M0.406.53N/AN/A440,277175,232919,186617,729
2024-01-29$18.45$20.00113.1%32.8%133.6%22.7%119.9%-11.6%3.2%5.6M-504.6M-3.1M0.327.04N/AN/A289,97491,565844,163555,653
2024-01-30$18.27$20.00111.1%31.5%115.0%20.7%117.4%-11.9%4.1%6.8M-486.0M-3.1M0.5212.68N/AN/A134,05370,241893,885575,059
2024-01-31$17.73$19.00109.6%30.1%115.2%19.4%111.3%-15.7%2.3%6.7M-414.2M-3.0M0.6215.92N/AN/A208,541129,418908,536579,007