MARA Options History — April 2026

In April 2026, MARA traded between $8.11 and $8.68. ATM implied volatility averaged 91.0%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 26.1%. IV traded above realized volatility by 10.3% (HV 20d: 80.7%). Max pain ranged from $8.50 to $12.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 1 of 2 days. Put/call ratio averaged 0.47.

Notable Days

2026-04-02: Highest Volume — 471,432 contracts
2026-04-02: Largest IV drop — 1.4% change
2026-04-01: Highest IV Rank — 45.3%
2026-04-01: Largest Expected Move — 26.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.39	$8.11	$8.68	$8.11	$8.68
Max Pain	$10.25	$8.50	$12.00	$8.50	$12.00
ATM IV	91.0%	90.3%	91.6%	91.6%	90.3%
Expected Move	26.1%	25.9%	26.3%	26.3%	25.9%
HV 20d	80.7%	80.5%	80.8%	80.5%	80.8%
HV 60d	96.5%	96.0%	97.0%	96.0%	97.0%
IV Rank	44.5%	43.6%	45.3%	45.3%	43.6%
IV Percentile	68.1%	66.7%	69.4%	69.4%	66.7%
Term Structure	1.7%	-0.3%	3.8%	3.8%	-0.3%
VWIV	91.6%	91.2%	92.1%	91.2%	92.1%
Skew 25d	9.0%	8.6%	9.4%	9.4%	8.6%
Skew 10d	23.2%	21.9%	24.6%	21.9%	24.6%
Call IV 25d	87.1%	86.8%	87.5%	87.5%	86.8%
Put IV 25d	96.1%	95.5%	96.8%	96.8%	95.5%
Bid-Ask Spread %	11.09	9.45	12.73	9.45	12.73
Gamma HHI	0.11	0.11	0.12	0.12	0.11
Net GEX	3.0M	2.1M	4.0M	4.0M	2.1M
Net DEX	-8.0M	-59.4M	43.4M	43.4M	-59.4M
Net VEX	-2.3M	-2.4M	-2.3M	-2.3M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.23	0.71	0.71	0.23
Total Volume	296,271	121,110	471,432	121,110	471,432
Total OI	2,001,644.5	1,982,718	2,020,571	1,982,718	2,020,571

Daily Data (2 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$8.11	$8.50	91.6%	26.3%	80.5%	45.3%	91.2%	9.4%	3.8%	4.0M	43.4M	-2.3M	0.71	9.45	N/A	N/A	71,004	50,106	1,174,245	808,473
2026-04-02	$8.68	$12.00	90.3%	25.9%	80.8%	43.6%	92.1%	8.6%	-0.3%	2.1M	-59.4M	-2.4M	0.23	12.73	N/A	N/A	382,148	89,284	1,197,247	823,324