MARA Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete MARA options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around MARA.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

11.17

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.196

Shows put vs call positioning

IV Skew

-6.97

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 26%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.278(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-07-24 options expiry. 100% confidence

The support levels for MARA are at 11.46, 11.14, and 9.15, while the resistance levels are at 11.88, 12.20, and 14.19. The pivot point, a key reference price for traders, is at 13.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 4.31% 1-day move.

The expected range for the next 4 days is 11.11 — 12.19 , corresponding to +4.44% / -4.76% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 12.36 (5.93% above spot).

Bearish positioning points to downside pressure toward 10.92 (6.43% below spot).

Options flow strength: 0.90 (0–1 scale). ATM Strike: 11.50, Call: 0.58, Put: 0.42, Straddle Cost: 1.00.

Price moves are likely to stay range-bound. The short-term gamma flip is near 10.89 , with intermediate positioning around 11.17 . The mid-term gamma flip remains near 11.17.