MARA (MARA) Options Chain

NASDAQ: MARAFinanceFinance: Consumer ServicesUSD

9.65-0.26 (-2.62%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 23, 2026
Days to expiration: 12
Share price: $9.65
Put/call ratio (OI): 0.64
Put/call ratio (volume): 3.96
ATM implied volatility: 69.5%
Expected move: ±$1.22
Open interest (C / P): 35.32K / 22.56K

MARA options summary

The MARA options chain for the October 23, 2026 expiration lists 31 call and 30 put contracts, with 12 days until expiration. Open interest stands at 35,323 calls and 22,561 puts, a put/call ratio of 0.64, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $9.50 strike is 69.5%, which implies the market expects a move of about ±$1.22 (12.6%) in MARA stock by expiration.

The most open interest sits at the $14.50 call (5.55K contracts) and the $9.50 put (9.06K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

MARA options chain · October 23, 2026

MARA calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
8	22	237.5%	5.55	5.60	5.75	4.00	0.00	0.01	0.02	187.5%	3	3
3	1	181.3%	4.86	4.60	4.75	5.00	0.00	0.02	0.02	156.3%	1	3
23	15	157.8%	6.35	4.10	4.25	5.50	0.00	0.02	0.02	137.5%	5	6
1	—	137.5%	5.75	3.60	3.75	6.00	0.00	0.02	0.01	118.8%	15	26
15	10	117.2%	4.70	3.10	3.25	6.50	0.00	0.02	0.02	100.0%	10	15
4	2	104.7%	6.43	2.61	2.76	7.00	0.00	0.02	0.01	84.4%	5	40
—	—	—	2.45	—	—	7.50	0.01	0.04	0.02	79.7%	14	27
4	40	82.0%	1.67	1.65	1.80	8.00	0.04	0.06	0.04	73.4%	1,671	319
128	22	71.9%	1.22	1.21	1.32	8.50	0.09	0.11	0.11	68.4%	307	204
90	258	69.5%	0.86	0.83	0.93	9.00	0.21	0.23	0.24	68.0%	289	800
124	234	72.3%	0.56	0.58	0.62	9.50	0.40	0.42	0.42	66.8%	11,841	9,062
MARA $9.65
1,796	1,017	71.9%	0.38	0.36	0.39	10.00	0.68	0.71	0.70	67.8%	4,136	2,948
677	659	71.5%	0.23	0.21	0.23	10.50	1.01	1.11	1.05	69.9%	242	1,740
946	1,244	74.2%	0.13	0.13	0.14	11.00	1.36	1.51	1.52	63.3%	112	1,787
4,485	155	75.8%	0.08	0.07	0.09	11.50	1.82	2.00	1.90	70.3%	94	3,408
1,492	366	78.9%	0.06	0.04	0.06	12.00	2.32	2.46	2.49	75.0%	65	1,076
1,746	98	82.8%	0.04	0.03	0.04	12.50	2.76	2.94	2.95	50.0%	9	323
2,137	137	86.7%	0.03	0.02	0.03	13.00	3.30	3.45	3.42	87.5%	4	287
1,523	35	95.3%	0.03	0.02	0.03	13.50	3.80	3.95	3.95	95.3%	2	104
4,283	166	95.3%	0.02	0.01	0.02	14.00	4.30	4.45	4.32	103.1%	3	180
5,554	37	103.1%	0.02	0.01	0.02	14.50	4.75	4.95	4.92	50.0%	2	164
4,414	63	109.4%	0.01	0.01	0.02	15.00	5.25	5.45	5.30	50.0%	11	12
247	18	109.4%	0.02	0.00	0.02	15.50	5.75	5.95	5.75	50.0%	38	10
519	38	123.4%	0.01	0.01	0.02	16.00	6.30	6.45	6.05	132.8%	1	12
—	—	—	—	—	—	16.50	—	—	6.55	—	—	—
1,354	2	128.1%	0.02	0.00	0.02	17.00	7.30	7.45	7.15	145.3%	34	4
349	8	137.5%	0.01	0.00	0.02	18.00	8.25	8.75	6.70	218.0%	—	1
329	25	150.0%	0.01	0.00	0.02	19.00	—	—	—	—	—	—
1,570	5	159.4%	0.01	0.00	0.02	20.00	10.30	10.45	10.33	178.1%	1	0
501	5	168.8%	0.01	0.00	0.02	21.00	11.25	11.45	9.70	100.0%	1	0
860	90	175.0%	0.07	0.00	0.02	22.00	12.25	12.45	8.80	100.0%	6	0
141	8	184.4%	0.01	0.00	0.02	23.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the MARA put/call ratio?

For the October 23, 2026 expiration, the MARA put/call ratio based on open interest is 0.64 (22,561 puts vs 35,323 calls), and 3.96 based on today's volume. A ratio above 1 means more puts than calls.

What is MARA's implied volatility?

At-the-money implied volatility for MARA options expiring October 23, 2026 is about 69.5%, an annualized estimate of how much the market expects MARA stock to move.

How many MARA option expiration dates are there?

MARA has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.