MARA Options History — March 2024

In March 2024, MARA traded between $18.02 and $26.68. ATM implied volatility averaged 130.6%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 37.8%. IV traded below realized volatility by 12.9% (HV 20d: 143.5%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.45.

Notable Days

  • 2024-03-28: Highest Volume — 529,448 contracts
  • 2024-03-28: Largest IV spike — 12.9% change
  • 2024-03-04: Highest IV Rank — 54.1%
  • 2024-03-04: Largest Expected Move — 42.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.56$18.02$26.68$26.68$22.45
Max Pain$18.90$18.00$19.00$19.00$19.00
ATM IV130.6%109.3%146.6%136.9%123.4%
Expected Move37.8%34.2%42.2%38.5%34.4%
HV 20d143.5%106.6%167.4%158.8%106.6%
HV 60d138.4%128.6%141.9%138.1%128.7%
IV Rank39.1%19.1%54.1%45.0%32.3%
IV Percentile79.3%44.8%93.7%87.7%74.2%
Term Structure2.3%-0.8%10.1%-0.2%3.0%
VWIV140.7%124.5%157.5%142.2%128.6%
Skew 25d-22.1%-29.9%-16.2%-24.6%-16.2%
Skew 10d-42.3%-62.5%-26.6%-36.3%-29.1%
Call IV 25d148.5%133.2%165.3%154.3%134.3%
Put IV 25d126.4%114.1%140.6%129.8%118.2%
Bid-Ask Spread %5.383.737.615.774.60
Gamma HHI0.060.050.110.110.10
Net GEX5.0M546.2K10.2M6.6M10.2M
Net DEX-602.8M-1.07B-231.2M-1.07B-740.4M
Net VEX-3.4M-3.7M-3.0M-3.7M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.290.680.480.42
Total Volume342,664.9205,628529,448466,055529,448
Total OI1,366,387.251,119,4371,677,7001,677,7001,281,123

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$26.68$19.00136.9%38.5%158.8%45.0%142.2%-24.6%-0.2%6.6M-1.07B-3.7M0.485.77N/AN/A314,585151,4701,024,541653,159
2024-03-04$25.84$18.00146.6%42.2%158.8%54.1%157.5%-24.7%0.8%6.6M-1.01B-3.7M0.376.39N/AN/A383,010140,325831,890525,629
2024-03-05$22.34$19.00132.7%39.6%166.2%41.0%152.8%-27.9%10.1%3.1M-598.2M-3.4M0.533.89N/AN/A303,649161,112891,139558,627
2024-03-06$22.81$19.00138.0%40.0%166.2%46.1%150.1%-28.8%-0.8%3.7M-658.7M-3.6M0.385.72N/AN/A209,03680,300917,437571,506
2024-03-07$21.84$19.00134.9%39.0%167.4%43.1%151.8%-29.9%1.0%2.1M-546.9M-3.5M0.413.86N/AN/A173,82670,813945,356580,688
2024-03-08$23.55$19.00140.8%41.2%155.0%48.7%154.4%-26.9%4.0%7.2M-791.1M-3.7M0.484.52N/AN/A318,878153,688963,071583,485
2024-03-11$20.96$19.00144.2%41.5%155.7%51.8%153.2%-24.4%4.2%3.4M-558.7M-3.3M0.294.33N/AN/A291,33583,887832,094502,711
2024-03-12$20.23$19.00132.5%38.2%145.7%40.9%141.6%-21.1%0.9%4.8M-494.5M-3.3M0.515.27N/AN/A203,532103,140922,415525,551
2024-03-13$19.77$18.00137.2%40.8%144.7%45.3%150.8%-20.1%4.1%4.5M-462.1M-3.2M0.403.73N/AN/A175,39570,339948,446540,079
2024-03-14$18.02$19.00131.7%38.4%137.2%40.1%146.7%-20.8%2.5%546.2K-231.2M-3.0M0.425.73N/AN/A269,141111,725978,680558,281
2024-03-15$19.34$19.00133.1%38.8%139.5%41.5%145.2%-19.8%2.9%2.5M-431.5M-3.2M0.473.97N/AN/A243,124113,337996,603566,975
2024-03-18$19.45$19.00130.4%37.6%139.7%38.9%141.1%-25.1%0.1%3.3M-411.4M-3.2M0.466.21N/AN/A140,37865,250716,608402,829
2024-03-19$19.30$19.00123.9%35.6%137.1%32.8%130.6%-16.7%2.0%3.9M-400.9M-3.2M0.506.14N/AN/A161,90081,064749,121416,269
2024-03-20$22.20$19.00126.3%36.2%145.7%35.0%131.4%-19.4%1.8%7.6M-722.0M-3.5M0.426.57N/AN/A283,385118,824775,110422,716
2024-03-21$21.87$19.00124.3%35.6%143.2%33.2%128.4%-20.0%-0.6%7.9M-688.9M-3.5M0.644.68N/AN/A188,372120,239818,898446,166
2024-03-22$20.95$19.00119.8%34.2%143.4%28.9%124.5%-17.8%1.5%5.0M-553.6M-3.4M0.686.45N/AN/A134,71592,154830,421458,766
2024-03-25$21.09$19.00124.0%35.3%119.9%32.9%129.4%-20.0%0.6%5.1M-553.1M-3.4M0.386.76N/AN/A208,16978,618735,895397,561
2024-03-26$20.62$19.00121.3%34.4%118.0%30.3%129.1%-16.9%2.1%4.1M-491.6M-3.3M0.375.48N/AN/A156,51957,679781,636429,699
2024-03-27$21.84$19.00109.3%34.4%120.8%19.1%124.5%-22.2%5.2%7.5M-644.0M-3.5M0.437.61N/AN/A217,01193,926805,959440,605
2024-03-28$22.45$19.00123.4%34.4%106.6%32.3%128.6%-16.2%3.0%10.2M-740.4M-3.5M0.424.60N/AN/A373,942155,506836,302444,821