Technology · Meme Stocks
MARA Implied Volatility, IV Rank & Options Chain
Marathon Digital Holdings Inc. (MARA) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Marathon Digital Holdings Inc.
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MARA options trade with implied volatility typically in the 70% - 200% range, averaging 150K+ contracts in daily volume with excellent liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
MARA implied volatility
As of 2026-10-26As of 2026-10-26, MARA's 30-day implied volatility is 94.9%, placing its 1-year IV percentile at 65.0 — above 65.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.
MARA live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live MARA chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
MARA options at a glance
- Daily volume
- 150K+ contracts
- IV range
- 70% - 200%
- Bid-ask spread
- $0.02 - $0.05 ATM
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- 2M+ contracts
- Next earnings
- See earnings calendar
About Marathon Digital Holdings Inc. (MARA)
Marathon Digital Holdings is one of the largest Bitcoin mining companies in North America. The company operates large-scale mining facilities and also holds significant Bitcoin on its balance sheet. MARA's profitability is directly tied to Bitcoin prices, mining difficulty, and energy costs.
Company profile
- Sector
- Technology
- Industry
- Software
- Market cap
- $8B+ (highly variable)
- Exchange
- NASDAQ
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- None
- Fiscal year end
- December
MARA is the largest publicly-traded Bitcoin miner by market cap. The company has significant hash rate capacity and also holds Bitcoin as a treasury asset.
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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
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- Expected move and GEX
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MARA options market overview
MARA options are highly liquid with strong retail interest in Bitcoin mining exposure. Volume correlates with Bitcoin price movements.
- Average daily volume
- 150K+ contracts
- Total open interest
- 2M+ contracts
- Put/call ratio
- 0.45 - 0.80 typical
- Typical ATM spread
- $0.02 - $0.05 ATM
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Excellent
MARA options are very liquid. Low stock price makes them accessible to retail traders.
MARA implied volatility and IV rank
MARA implied volatility is very high due to Bitcoin correlation and mining economics. IV tracks Bitcoin volatility with additional mining-specific risk premium.
Earnings impact
Earnings matter but Bitcoin moves dominate. Mining efficiency and Bitcoin holdings are key metrics.
The move options are pricing for the next report, and how the last 12 went: MARA earnings expected move.
The post-earnings volatility drop is known as IV crush. Holders of short MARA options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
IV typically justified by realized volatility. Mining stocks are highly volatile.
Term structure
Often flat or inverted following Bitcoin term structure patterns.
The smile, the term structure and the cone for MARA, on today's chain.
Open MARA in IV IntelligenceMARA gamma exposure (GEX)
Gamma Exposure analysis for MARA shows retail-dominated positioning with bullish bias.
- Typical GEX profile. MARA gamma is typically bullish-skewed with call dominance.
- Key levels. Dollar strikes attract heavy positioning. Low stock price means many strikes are active.
- Dealer hedging. Dealer hedging is active given retail call buying.
Where the gamma sits on MARA right now, strike by strike.
See live MARA GEXCommon MARA options strategies
These are strategies commonly used by traders on MARA options, based on typical market characteristics. This is not investment advice.
Key considerations for MARA options
- MARA profitability tied to Bitcoin price, mining difficulty, and energy costs
- Bitcoin halving events impact mining economics significantly
- Company holds Bitcoin on balance sheet in addition to mining
- Energy costs and availability affect operational profitability
- Competition from other miners and hash rate growth matter
- Stock is a leveraged play on Bitcoin - moves more than BTC
MARA key events
Earnings months. February, May, August, November
- Bitcoin Price Movements
- Bitcoin Halving Events
- Mining Difficulty Adjustments
- Energy Cost Updates
MARA options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns MARA's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/MARA"What is MARA's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on MARA in the console, more prompts for MARA, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about MARA options.
How liquid are MARA options?
MARA options are very liquid with average daily volume exceeding 150,000 contracts. Low stock price makes them accessible to retail traders.
What is MARA's typical implied volatility?
MARA implied volatility typically ranges from 70% to 200%. Normal conditions see IV between 90-130%, very high due to Bitcoin correlation.
How does Bitcoin halving affect MARA?
Bitcoin halving cuts mining rewards in half, pressuring miner profitability unless Bitcoin price rises. Halving events are significant catalysts for mining stocks.
Is MARA leveraged to Bitcoin?
Yes, MARA stock typically moves more than Bitcoin in percentage terms, acting as a leveraged play on BTC price due to fixed mining costs and operational leverage.
When does MARA report earnings?
MARA reports quarterly in February, May, August, and November.
What is the best time to trade MARA options?
The most liquid trading hours for MARA options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate MARA option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for MARA options across all strikes and expirations.
What happens to MARA options at expiration?
In-the-money MARA options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
What is MARA's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence MARA's intraday price action. MARA gamma is typically bullish-skewed with call dominance. Dealer hedging is active given retail call buying. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live MARA GEX levels and the gamma-flip point on ApexVol.
What is MARA's IV rank?
MARA's IV rank shows where MARA's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. MARA implied volatility typically ranges from 70% - 200%. Check MARA's live IV rank and percentile on ApexVol's IV analytics.
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