MARA Options History — June 2025

In June 2025, MARA traded between $14.17 and $16.62. ATM implied volatility averaged 67.4%, placing in the 0.9% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded below realized volatility by 3.6% (HV 20d: 71.0%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2025-06-13: Highest Volume — 488,252 contracts
  • 2025-06-16: Largest IV drop — 7.8% change
  • 2025-06-13: Highest IV Rank — 6.2%
  • 2025-06-13: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.26$14.17$16.62$14.32$15.73
Max Pain$14.15$14.00$15.00$15.00$14.00
ATM IV67.4%63.7%72.5%70.5%64.7%
Expected Move19.2%17.6%20.6%19.5%17.6%
HV 20d71.0%59.6%76.3%76.3%60.8%
HV 60d91.3%83.6%101.0%101.0%83.6%
IV Rank0.9%0.0%6.2%0.0%1.1%
IV Percentile0.7%0.0%3.6%0.0%1.2%
Term Structure1.7%-0.8%5.7%0.8%1.9%
VWIV69.5%62.6%75.5%73.3%64.0%
Skew 25d-1.4%-6.5%3.5%-6.5%0.7%
Skew 10d-4.4%-37.7%31.1%-18.0%31.1%
Call IV 25d70.3%64.7%77.2%77.2%67.8%
Put IV 25d68.9%64.7%72.7%70.7%68.5%
Bid-Ask Spread %19.623.6835.413.6817.63
Gamma HHI0.160.060.780.080.11
Net GEX20.0M5.1M92.0M8.9M20.7M
Net DEX-377.5M-655.3M-134.3M-240.1M-485.3M
Net VEX-4.2M-4.5M-3.8M-4.0M-4.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.200.660.210.29
Total Volume253,748.75149,248488,252149,248210,668
Total OI2,120,411.851,876,3392,367,6561,977,5661,987,820

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$14.32$15.0070.5%19.5%76.3%0.0%73.3%-6.5%0.8%8.9M-240.1M-4.0M0.213.68N/AN/A122,98726,2611,235,634741,932
2025-06-03$15.43$15.0070.6%18.9%73.3%0.2%69.0%-1.5%5.7%17.8M-462.4M-4.3M0.529.55N/AN/A196,773102,9401,277,661751,839
2025-06-04$15.68$15.0068.4%18.5%73.2%0.0%66.3%-6.2%1.3%20.5M-514.1M-4.4M0.353.77N/AN/A142,80149,5321,309,872794,367
2025-06-05$14.89$14.0067.9%20.3%76.3%0.0%73.2%3.5%1.3%14.4M-310.0M-4.1M0.4026.09N/AN/A180,05671,5631,323,910807,268
2025-06-06$15.95$14.0068.3%20.4%75.8%0.5%73.4%-4.1%1.7%38.0M-601.9M-4.4M0.2721.76N/AN/A363,10496,7491,368,026823,024
2025-06-09$16.23$14.0068.2%20.1%70.0%0.3%73.9%-5.5%1.8%19.0M-561.5M-4.4M0.2215.26N/AN/A222,68349,3791,290,117788,688
2025-06-10$16.62$14.0067.2%20.4%70.1%0.0%72.2%-4.5%5.5%23.0M-655.3M-4.5M0.4222.10N/AN/A117,44249,0241,340,172809,566
2025-06-11$16.16$14.0068.1%19.9%70.0%1.0%74.0%-3.4%1.7%21.4M-532.7M-4.4M0.5022.46N/AN/A116,07057,9641,370,184829,366
2025-06-12$15.93$14.0067.4%19.7%69.5%0.2%71.7%-3.5%1.4%18.5M-449.4M-4.3M0.5819.33N/AN/A108,36762,7901,381,003847,279
2025-06-13$14.93$14.0072.5%20.6%73.0%6.2%75.5%-2.0%0.5%5.1M-227.3M-4.1M0.3532.34N/AN/A361,894126,3581,397,969858,920
2025-06-16$15.36$14.0066.8%19.3%72.6%0.0%70.0%-1.6%0.4%12.9M-353.2M-4.2M0.3329.21N/AN/A155,22451,5041,293,801832,650
2025-06-17$14.64$14.0070.5%20.3%74.3%4.4%71.0%-0.5%-0.1%8.6M-198.9M-4.0M0.2235.41N/AN/A192,41942,8831,352,927862,376
2025-06-18$14.68$14.0067.8%19.4%74.3%1.2%69.8%-0.5%-0.8%9.9M-239.0M-4.1M0.3331.92N/AN/A193,80263,8121,426,505877,381
2025-06-20$14.27$14.0066.4%19.0%74.8%0.0%68.4%1.3%0.5%5.7M-134.3M-3.9M0.3120.83N/AN/A227,57171,3121,471,899895,757
2025-06-23$14.17$14.0064.6%18.4%74.5%0.0%65.3%1.7%2.0%6.5M-164.2M-3.8M0.3717.27N/AN/A140,19852,4911,123,911752,428
2025-06-24$14.86$14.0065.3%18.5%74.5%0.8%66.3%2.0%1.9%14.5M-311.9M-4.0M0.6620.98N/AN/A139,30991,2901,176,676767,252
2025-06-25$15.02$14.0063.7%18.3%67.1%0.0%65.0%1.4%2.0%18.2M-347.8M-4.1M0.4710.82N/AN/A107,64050,9261,220,878812,964
2025-06-26$15.27$14.0064.9%18.0%60.1%1.3%64.8%0.5%1.8%24.4M-414.6M-4.1M0.3613.26N/AN/A132,73848,1581,247,571837,559
2025-06-27$15.02$14.0063.9%17.6%59.6%0.2%62.6%0.0%2.2%92.0M-345.5M-4.1M0.2018.76N/AN/A397,16881,1251,269,184851,901
2025-06-30$15.73$14.0064.7%17.6%60.8%1.1%64.0%0.7%1.9%20.7M-485.3M-4.3M0.2917.63N/AN/A163,75946,9091,187,389800,431