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: Jan 21, 2028
Days to expiration: 468
Share price: $9.65
Put/call ratio (OI): 0.79
Put/call ratio (volume): 0.12
ATM implied volatility: 78.8%
Expected move: ±$8.61
Open interest (C / P): 61.40K / 48.75K

MARA options summary

The MARA options chain for the January 21, 2028 expiration lists 19 call and 19 put contracts, with 468 days until expiration. Open interest stands at 61,399 calls and 48,746 puts, a put/call ratio of 0.79, which is fairly balanced between calls and puts. At-the-money implied volatility near the $10.00 strike is 78.8%, which implies the market expects a move of about ±$8.61 (89.2%) in MARA stock by expiration.

The most open interest sits at the $40.00 call (7.11K contracts) and the $3.00 put (19.68K contracts).

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

MARA options chain · January 21, 2028

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
815	2	—	12.78	6.10	11.00	1.00	0.03	0.06	0.04	109.4%	1	4,076
102	4	101.2%	10.33	5.50	10.15	2.00	0.06	0.25	0.12	98.0%	2	659
1,262	15	107.4%	8.59	6.90	7.45	3.00	0.25	0.30	0.26	86.3%	2	19,682
0	5	—	8.14	0.00	0.00	4.00	0.39	0.55	0.49	80.3%	1	417
3,599	20	92.9%	5.85	5.60	5.90	5.00	0.69	0.83	0.74	77.5%	13	4,619
2,051	31	86.5%	4.25	4.10	4.30	8.00	2.00	2.17	2.08	73.3%	1	3,444
MARA $9.65
5,151	49	85.3%	3.45	3.40	3.55	10.00	3.20	3.40	3.25	72.3%	5	6,751
2,457	239	83.2%	2.65	2.53	2.71	13.00	5.20	5.40	5.34	67.8%	1	1,599
4,738	46	84.2%	2.20	2.20	2.35	15.00	6.55	7.00	6.00	64.5%	1	1,028
2,140	7	80.8%	1.95	1.65	1.98	17.00	8.25	8.70	7.79	64.4%	1	446
6,303	532	84.2%	1.58	1.51	1.67	20.00	10.90	11.30	11.20	62.7%	10	888
782	9	82.9%	1.45	1.18	1.50	22.00	12.50	13.20	11.95	59.4%	2	206
6,339	280	84.6%	1.15	1.14	1.20	25.00	15.55	15.90	15.80	60.3%	71	468
753	82	84.5%	1.10	0.97	1.10	27.00	17.15	17.80	17.60	50.5%	29	505
5,499	107	88.4%	0.92	0.89	1.13	30.00	20.15	20.70	20.20	50.0%	29	467
5,019	5	86.9%	0.88	0.80	0.93	32.00	20.85	21.45	21.25	—	6	97
1,541	5	88.3%	0.80	0.70	0.88	35.00	0.00	0.00	24.63	—	3	0
5,741	2	88.6%	1.30	0.65	0.81	37.00	26.90	27.95	24.35	57.0%	15	176
7,107	224	89.0%	0.62	0.60	0.70	40.00	29.90	30.80	28.95	81.7%	3	3,218

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 January 21, 2028 expiration, the MARA put/call ratio based on open interest is 0.79 (48,746 puts vs 61,399 calls), and 0.12 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 January 21, 2028 is about 78.8%, 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.