MARA Options History — May 2024

In May 2024, MARA traded between $16.31 and $22.49. ATM implied volatility averaged 100.8%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 29.0%. IV traded below realized volatility by 10.4% (HV 20d: 111.1%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2024-05-20: Highest Volume — 434,433 contracts
  • 2024-05-20: Largest IV spike — 14.7% change
  • 2024-05-06: Highest IV Rank — 25.2%
  • 2024-05-06: Largest Expected Move — 33.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.53$16.31$22.49$16.31$19.32
Max Pain$19.73$18.00$20.00$18.00$20.00
ATM IV100.8%89.0%115.9%114.4%96.7%
Expected Move29.0%25.7%33.5%33.4%26.8%
HV 20d111.1%88.6%123.4%88.6%112.5%
HV 60d112.1%99.3%122.0%121.7%99.5%
IV Rank11.1%0.0%25.2%23.9%7.3%
IV Percentile25.9%0.0%67.1%63.9%15.9%
Term Structure1.3%-5.0%13.5%-0.1%-2.4%
VWIV107.1%97.5%125.7%121.7%98.9%
Skew 25d-12.7%-17.9%-8.8%-11.5%-11.0%
Skew 10d-24.8%-38.5%-18.2%-25.7%-25.8%
Call IV 25d110.8%95.5%127.8%122.1%105.0%
Put IV 25d98.1%86.3%113.6%110.6%94.0%
Bid-Ask Spread %13.064.9521.8920.1414.02
Gamma HHI0.070.040.230.040.06
Net GEX6.4M165.0K12.4M2.3M4.7M
Net DEX-471.4M-763.7M-185.8M-220.5M-360.9M
Net VEX-3.0M-3.3M-2.6M-2.7M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.240.750.410.29
Total Volume249,504.045123,425434,433177,578259,169
Total OI1,156,585.4551,047,1201,249,8041,107,7761,214,559

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$16.31$18.00114.4%33.4%88.6%23.9%121.7%-11.5%-0.1%2.3M-220.5M-2.7M0.4120.14N/AN/A126,29751,281725,305382,471
2024-05-02$17.02$18.00108.7%32.7%88.7%18.5%117.2%-9.0%0.3%4.3M-291.0M-2.8M0.2814.53N/AN/A108,09530,753741,727391,881
2024-05-03$17.45$18.00108.1%32.1%89.3%17.9%115.9%-10.0%1.0%7.2M-339.9M-2.8M0.298.55N/AN/A189,06254,516758,398395,638
2024-05-06$20.73$20.00115.9%33.5%108.0%25.2%125.7%-14.2%13.0%6.2M-610.1M-3.2M0.407.32N/AN/A287,778114,173682,966364,154
2024-05-07$19.88$20.00108.8%31.7%109.5%18.6%118.5%-12.1%2.1%6.2M-520.4M-3.1M0.417.03N/AN/A110,36944,959726,825398,768
2024-05-08$20.21$20.00108.6%31.1%108.3%18.4%118.1%-10.2%1.3%7.2M-554.9M-3.1M0.556.00N/AN/A97,95054,075736,364399,833
2024-05-09$19.69$20.00101.9%29.3%108.8%12.1%108.2%-10.3%0.7%6.7M-487.6M-3.0M0.654.95N/AN/A144,82094,727747,068408,971
2024-05-10$17.38$20.0089.0%25.8%113.7%0.0%100.7%-9.2%2.6%165.0K-185.8M-2.6M0.5814.89N/AN/A251,745144,897777,956445,826
2024-05-13$17.12$20.0090.2%25.7%111.4%1.1%98.5%-8.8%-1.1%1.9M-218.7M-2.6M0.2917.85N/AN/A138,38440,159701,961386,382
2024-05-14$18.07$20.0092.2%26.5%111.7%3.0%97.5%-9.3%0.1%4.6M-328.0M-2.8M0.2817.11N/AN/A125,55135,759737,389397,311
2024-05-15$20.05$20.0093.2%26.7%116.3%4.0%99.5%-9.9%0.2%9.0M-565.0M-3.0M0.3712.74N/AN/A216,65779,479762,473401,304
2024-05-16$19.63$20.0099.2%27.8%116.8%9.6%100.5%-17.9%-5.0%8.6M-520.5M-3.0M0.7516.75N/AN/A128,25795,643797,379418,024
2024-05-17$19.37$20.0092.3%27.7%114.6%3.1%104.1%-16.2%13.5%6.1M-490.1M-3.0M0.3613.61N/AN/A242,63987,953813,731430,780
2024-05-20$22.49$20.00105.8%30.2%123.4%15.9%108.1%-15.5%0.8%8.5M-763.7M-3.3M0.348.03N/AN/A323,587110,846708,499350,459
2024-05-21$21.43$20.00101.0%28.9%119.2%11.3%104.7%-16.6%1.6%8.8M-655.5M-3.3M0.426.44N/AN/A147,91761,762767,709387,647
2024-05-22$21.30$20.00100.2%28.7%118.7%10.6%105.2%-16.0%1.2%9.6M-649.6M-3.3M0.3810.45N/AN/A192,46073,543792,243393,352
2024-05-23$20.09$20.0097.8%27.9%120.9%8.3%103.4%-14.6%2.5%6.9M-486.1M-3.1M0.3017.46N/AN/A203,02460,808812,985402,474
2024-05-24$21.14$20.0097.5%27.8%122.1%8.0%101.2%-14.0%1.3%12.4M-643.2M-3.2M0.4216.40N/AN/A219,32091,541843,598406,206
2024-05-28$20.80$20.00101.7%29.4%118.5%12.0%106.4%-14.4%-3.1%7.4M-544.9M-3.2M0.4813.58N/AN/A170,68782,522747,265359,144
2024-05-29$20.23$20.0098.0%28.0%111.8%8.5%102.1%-14.5%-1.0%6.3M-478.3M-3.1M0.3517.48N/AN/A91,29732,128776,352376,529
2024-05-30$20.02$20.0095.9%27.0%112.1%6.5%99.3%-13.8%-0.8%6.2M-456.7M-3.0M0.2421.89N/AN/A220,02752,473791,321383,653
2024-05-31$19.32$20.0096.7%26.8%112.5%7.3%98.9%-11.0%-2.4%4.7M-360.9M-2.9M0.2914.02N/AN/A200,73658,433822,733391,826