MARA Options History — March 2026

In March 2026, MARA traded between $7.79 and $9.68. ATM implied volatility averaged 94.9%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 26.7%. IV traded below realized volatility by 4.0% (HV 20d: 98.9%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2026-03-13: Highest Volume — 529,868 contracts
  • 2026-03-09: Largest IV drop — 6.6% change
  • 2026-03-30: Highest IV Rank — 57.1%
  • 2026-03-12: Largest Expected Move — 34.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.72$7.79$9.68$9.68$8.14
Max Pain$9.14$9.00$10.00$10.00$9.00
ATM IV94.9%91.2%100.2%93.7%95.7%
Expected Move26.7%5.9%34.5%27.1%27.4%
HV 20d98.9%84.4%136.0%130.3%84.5%
HV 60d95.4%89.8%98.9%89.8%97.2%
IV Rank49.9%44.8%57.1%48.2%51.0%
IV Percentile79.5%72.2%90.9%76.6%81.3%
Term Structure0.4%-3.0%6.3%-0.7%2.4%
VWIV97.4%90.3%105.1%99.3%96.1%
Skew 25d9.0%4.6%13.2%11.5%9.6%
Skew 10d20.4%5.1%33.0%27.0%27.4%
Call IV 25d92.9%87.7%103.1%88.4%91.9%
Put IV 25d101.9%97.7%111.3%99.9%101.5%
Bid-Ask Spread %16.419.8030.6722.2811.57
Gamma HHI0.130.080.200.180.11
Net GEX2.6M-1.2M5.0M4.2M3.6M
Net DEX37.8M-80.8M133.2M-43.9M42.8M
Net VEX-2.7M-3.0M-2.2M-3.0M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.131.270.530.28
Total Volume207,652.81869,608529,868217,331129,615
Total OI2,163,527.6821,887,9392,439,6902,094,9531,947,437

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$9.68$10.0093.7%27.1%130.3%48.2%99.3%11.5%-0.7%4.2M-43.9M-3.0M0.5322.28N/AN/A142,12475,2071,142,898952,055
2026-03-03$8.80$10.0095.4%27.6%134.3%50.5%103.3%6.4%0.0%2.1M52.6M-2.8M0.4727.65N/AN/A85,20639,7761,199,061971,180
2026-03-04$9.39$10.0095.2%27.8%136.0%50.2%103.9%10.3%1.2%4.5M-21.3M-3.0M0.3528.62N/AN/A118,78242,1191,221,068978,355
2026-03-05$8.73$9.0096.0%27.0%135.7%51.3%95.4%7.9%-1.8%1.7M59.7M-2.8M0.2821.74N/AN/A156,66843,3651,241,638986,362
2026-03-06$8.00$9.00100.1%28.9%116.9%56.9%104.2%4.9%0.2%16.3K127.6M-2.6M0.7015.46N/AN/A129,08990,5431,241,008994,187
2026-03-09$8.66$9.0093.5%27.4%92.3%47.8%98.2%8.9%6.3%2.8M57.5M-2.7M0.3515.25N/AN/A133,55946,4531,191,746967,244
2026-03-10$8.61$9.0094.9%26.9%91.1%49.9%95.3%9.3%-1.5%3.4M55.3M-2.7M0.3430.67N/AN/A63,07021,7431,229,534981,306
2026-03-11$8.50$9.0095.5%27.7%89.9%50.6%93.2%9.2%1.7%3.2M74.7M-2.6M0.2010.87N/AN/A137,13527,5501,246,557986,120
2026-03-12$8.73$9.0094.8%34.5%89.0%49.7%92.8%12.0%-3.0%5.0M38.1M-2.7M0.3912.18N/AN/A50,19819,4101,285,697991,956
2026-03-13$9.36$9.0094.8%5.9%90.4%49.6%95.5%9.3%0.6%3.0M-80.8M-2.9M0.5014.68N/AN/A353,102176,7661,296,386993,591
2026-03-16$9.32$9.0092.6%26.5%86.6%46.7%92.1%8.3%0.3%4.0M-7.3M-2.9M0.5212.34N/AN/A94,34849,4431,234,379986,259
2026-03-17$9.23$9.0091.2%26.3%85.3%44.8%94.2%10.1%2.0%4.0M3.8M-2.8M0.599.80N/AN/A65,64238,4691,267,5081,001,850
2026-03-18$9.09$9.0093.6%26.9%85.7%48.0%91.6%10.6%-1.2%2.9M32.9M-2.7M0.3617.51N/AN/A75,69927,1981,281,7731,017,812
2026-03-19$9.21$9.0091.3%26.4%84.4%45.0%92.4%10.9%2.0%3.9M18.2M-2.8M0.1618.48N/AN/A194,27031,2061,340,7131,027,525
2026-03-20$8.46$9.0097.1%27.8%90.6%52.9%105.1%6.9%-2.1%-129.4K78.3M-2.6M0.8910.63N/AN/A119,508106,0721,414,5821,025,108
2026-03-23$8.98$9.0092.4%26.8%92.1%46.4%90.3%9.8%-0.3%4.0M-17.1M-2.8M0.3813.46N/AN/A122,97446,8421,005,254882,685
2026-03-24$8.34$9.0094.5%27.2%95.9%49.2%99.0%9.5%0.2%1.8M52.9M-2.6M1.2711.87N/AN/A57,31772,9001,067,424904,763
2026-03-25$8.27$9.0092.0%26.7%92.3%45.9%96.5%9.5%-1.3%586.9K84.8M-2.5M0.1316.17N/AN/A208,53927,8611,083,038936,797
2026-03-26$8.52$9.0095.9%27.7%92.7%51.1%101.0%4.6%0.2%2.2M17.4M-2.7M0.9313.97N/AN/A267,722248,1151,112,175946,451
2026-03-27$7.94$9.0098.1%27.9%91.9%54.2%99.1%5.2%0.0%-1.2M133.2M-2.4M1.0215.84N/AN/A240,672245,1981,190,744931,431
2026-03-30$7.79$9.00100.2%28.5%88.4%57.1%103.4%13.2%3.2%1.9M71.8M-2.2M0.5710.08N/AN/A93,71853,1691,107,099786,853
2026-03-31$8.14$9.0095.7%27.4%84.5%51.0%96.1%9.6%2.4%3.6M42.8M-2.3M0.2811.57N/AN/A100,89328,7221,141,172806,265