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: Dec 18, 2026
Days to expiration: 68
Share price: $9.65
Put/call ratio (OI): 0.75
Put/call ratio (volume): 0.28
ATM implied volatility: 76.8%
Expected move: ±$3.20
Open interest (C / P): 93.06K / 69.96K

MARA options summary

The MARA options chain for the December 18, 2026 expiration lists 32 call and 27 put contracts, with 68 days until expiration. Open interest stands at 93,061 calls and 69,961 puts, a put/call ratio of 0.75, which is fairly balanced between calls and puts. At-the-money implied volatility near the $10.00 strike is 76.8%, which implies the market expects a move of about ±$3.20 (33.2%) in MARA stock by expiration.

The most open interest sits at the $25.00 call (13.62K contracts) and the $7.00 put (20.16K contracts).

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

MARA options chain · December 18, 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
18	5	259.4%	8.81	8.60	8.75	1.00	0.00	0.00	0.02	50.0%	1	0
0	6	—	7.35	0.00	0.00	2.00	0.00	0.05	0.01	178.1%	8	476
216	2	173.4%	10.82	6.45	6.75	3.00	0.00	0.03	0.02	125.0%	12	1,054
7	8	147.7%	5.95	5.40	5.80	4.00	0.01	0.03	0.02	99.2%	1	1,257
2,123	33	103.9%	4.82	4.70	4.80	5.00	0.04	0.05	0.05	87.5%	36	3,212
248	10	92.4%	3.76	3.75	3.90	6.00	0.10	0.12	0.10	81.3%	2	1,158
290	47	84.6%	2.84	2.94	2.99	7.00	0.23	0.25	0.27	76.4%	215	20,162
1,289	8	81.6%	2.14	2.21	2.26	8.00	0.49	0.51	0.51	75.0%	444	7,205
1,194	61	80.1%	1.55	1.62	1.66	9.00	0.88	0.91	0.90	74.0%	521	6,271
MARA $9.65
5,276	298	79.8%	1.17	1.17	1.20	10.00	1.42	1.45	1.43	73.8%	134	10,690
6,074	749	79.7%	0.83	0.83	0.86	11.00	2.08	2.11	2.12	73.6%	425	7,594
5,039	224	80.4%	0.59	0.59	0.62	12.00	2.83	2.87	2.96	73.3%	33	2,107
3,937	421	81.5%	0.45	0.43	0.45	13.00	3.65	3.75	3.69	74.6%	21	1,588
5,600	165	82.4%	0.32	0.31	0.33	14.00	4.50	4.60	4.39	71.3%	14	2,067
9,387	251	84.0%	0.23	0.23	0.25	15.00	5.45	5.55	5.57	74.0%	33	1,848
3,684	895	85.7%	0.18	0.18	0.19	16.00	6.40	6.50	6.49	74.2%	1	442
7,845	1,117	87.5%	0.15	0.14	0.15	17.00	7.35	7.45	7.25	70.7%	25	732
7,021	71	89.1%	0.12	0.11	0.12	18.00	8.30	8.45	8.35	68.8%	1	469
1,600	85	91.4%	0.09	0.09	0.10	19.00	9.30	9.40	9.25	50.0%	1	47
10,441	2,712	93.4%	0.08	0.07	0.09	20.00	10.30	10.40	10.30	50.0%	20	1,093
1,615	37	95.7%	0.06	0.06	0.08	21.00	11.30	11.40	8.15	50.0%	2	151
1,909	78	97.7%	0.07	0.05	0.07	22.00	12.25	12.40	12.05	94.9%	20	338
297	1	100.0%	0.07	0.05	0.06	23.00	0.00	0.00	13.45	—	20	0
444	6	102.3%	0.07	0.04	0.06	24.00	—	—	—	—	—	—
13,623	25	104.7%	0.05	0.04	0.05	25.00	15.25	15.40	15.24	106.3%	6	0
293	2	106.3%	0.09	0.03	0.05	26.00	16.25	16.60	14.75	116.8%	—	0
104	1	107.0%	0.05	0.02	0.05	27.00	17.25	17.60	15.47	120.3%	10	0
384	1	107.8%	0.04	0.02	0.04	28.00	—	—	—	—	—	—
231	4	110.9%	0.03	0.02	0.04	29.00	—	—	—	—	—	—
797	5	113.3%	0.04	0.02	0.04	30.00	—	—	—	—	—	—
258	2	115.6%	0.03	0.02	0.04	31.00	—	—	—	—	—	—
1,817	4	118.8%	0.03	0.02	0.04	32.00	22.25	22.60	21.36	135.2%	20	0

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 December 18, 2026 expiration, the MARA put/call ratio based on open interest is 0.75 (69,961 puts vs 93,061 calls), and 0.28 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 December 18, 2026 is about 76.8%, 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.