MARA option chain

Strikes around the forward, as they were quoted at the close

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 152.62%±1.06skew +9.09

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
25	62	$5.55	$5.70	—	$1.00	—	—	—	—	—
2	16	$4.55	$4.65	—	$2.00	—	—	—	—	—
3	11	$3.55	$3.70	—	$3.00	—	—	—	—	—
6	13	$2.56	$2.66	—	$4.00	—	—	—	—	—
34	2	$2.06	$2.20	—	$4.50	200.49%	$0.01	$0.02	163	595
268	121	$1.58	$1.69	—	$5.00	169.26%	$0.02	$0.03	1,551	561
1,005	613	$1.14	$1.20	—	$5.50	163.99%	$0.07	$0.08	8,903	2,435
2,805	44,407	$0.78	$0.80	—	$6.00	155.96%	$0.17	$0.18	8,127	6,174
7,142	47,217	$0.47	$0.48	—	$6.50	152.81%	$0.36	$0.37	9,384	7,537
15,510	9,911	$0.26	$0.27	152.35%	$7.00	—	$0.64	$0.65	5,825	1,029
7,290	4,258	$0.12	$0.13	146.88%	$7.50	—	$1.00	$1.03	4,725	661
10,978	4,741	$0.06	$0.07	152.12%	$8.00	—	$1.40	$1.50	1,439	339
2,974	3,497	$0.02	$0.03	147.41%	$8.50	—	$1.89	$1.98	878	39
5,253	14,988	$0.01	$0.02	157.37%	$9.00	—	$2.37	$2.46	1,395	37
2,132	1,443	$0.01	$0.02	179.20%	$9.50	—	$2.87	$2.96	843	33
—	—	—	—	—	$10.00	—	$3.35	$3.45	899	246
—	—	—	—	—	$10.50	—	$3.85	$3.95	302	40
—	—	—	—	—	$11.00	—	$4.35	$4.45	668	19
—	—	—	—	—	$11.50	—	$4.80	$5.00	2	0
—	—	—	—	—	$12.00	—	$5.35	$5.50	81	0
—	—	—	—	—	$12.50	—	$5.85	$6.00	8	0

Forward $6.61. The 25-delta put carries +9.09 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 126.31%±1.45skew +12.73

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
8	30	$5.55	$5.70	—	$1.00	—	—	—	—	—
2	6	$4.55	$4.70	—	$2.00	—	—	—	—	—
1	8	$3.55	$3.70	—	$3.00	—	—	—	—	—
6	142	$2.59	$2.68	—	$4.00	167.46%	$0.02	$0.03	307	323
4	—	$2.11	$2.20	—	$4.50	151.56%	$0.04	$0.05	—	49
22	390	$1.66	$1.74	—	$5.00	144.60%	$0.09	$0.10	4,375	246
48	845	$1.25	$1.32	—	$5.50	136.05%	$0.17	$0.18	3,391	757
480	1,838	$0.89	$0.96	—	$6.00	131.47%	$0.31	$0.32	4,433	3,816
3,541	3,577	$0.64	$0.65	—	$6.50	128.76%	$0.52	$0.53	2,925	2,160
1,444	6,554	$0.41	$0.42	124.51%	$7.00	—	$0.79	$0.80	8,806	1,077
1,707	5,002	$0.25	$0.26	121.98%	$7.50	—	$1.13	$1.14	2,015	35
2,048	8,809	$0.14	$0.15	118.75%	$8.00	—	$1.48	$1.56	5,870	38
429	2,372	$0.09	$0.10	123.02%	$8.50	—	$1.92	$2.03	1,161	5
511	12,896	$0.05	$0.06	122.88%	$9.00	—	$2.41	$2.50	11,096	38
31	1,752	$0.03	$0.04	125.64%	$9.50	—	$2.89	$2.98	174	3
328	8,296	$0.02	$0.03	130.66%	$10.00	—	$3.35	$3.50	6,120	42
101	971	$0.02	$0.03	142.69%	$10.50	—	$3.85	$4.00	57	7
115	7,695	$0.01	$0.02	141.88%	$11.00	—	$4.35	$4.50	7,244	11
3	1,507	$0.01	$0.02	151.90%	$11.50	—	$4.85	$5.00	39	4
198	11,741	$0.01	$0.02	161.36%	$12.00	—	$5.35	$5.50	2,827	37
0	109	$0.01	$0.02	170.32%	$12.50	—	$5.85	$6.00	12	0

Forward $6.62. The 25-delta put carries +12.73 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 113.10%±1.67skew +13.73

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
2	41	$5.55	$5.65	—	$1.00	—	—	—	—	—
5	5	$4.60	$4.65	—	$2.00	—	—	—	—	—
2	66	$2.64	$2.69	—	$4.00	140.29%	$0.03	$0.04	470	15
2	—	$2.17	$2.22	—	$4.50	130.03%	$0.06	$0.07	—	368
2	146	$1.74	$1.79	—	$5.00	127.32%	$0.13	$0.14	252	188
172	490	$1.35	$1.38	—	$5.50	121.73%	$0.23	$0.24	2,246	68
174	925	$1.00	$1.03	—	$6.00	117.16%	$0.38	$0.39	1,458	267
721	617	$0.73	$0.74	—	$6.50	115.39%	$0.60	$0.61	1,688	585
660	2,008	$0.50	$0.51	112.08%	$7.00	—	$0.87	$0.88	856	108
205	1,774	$0.33	$0.34	109.75%	$7.50	—	$1.20	$1.21	1,750	316
1,002	1,556	$0.21	$0.22	108.00%	$8.00	—	$1.57	$1.61	653	36
287	5,566	$0.13	$0.14	106.92%	$8.50	—	$1.99	$2.04	368	17
313	1,546	$0.09	$0.10	110.13%	$9.00	—	$2.44	$2.49	373	19
98	1,267	$0.06	$0.07	112.06%	$9.50	—	$2.91	$2.96	220	6
30	1,757	$0.04	$0.05	114.01%	$10.00	—	$3.35	$3.45	277	10
3	428	$0.03	$0.04	118.20%	$10.50	—	$3.85	$3.95	294	31
1	785	$0.02	$0.03	120.04%	$11.00	—	$4.35	$4.45	215	1
2	506	$0.02	$0.03	128.31%	$11.50	—	$4.85	$4.95	54	0
1	2,509	$0.02	$0.03	136.11%	$12.00	—	$5.35	$5.45	51	5
0	3,010	$0.01	$0.02	132.87%	$12.50	—	$5.85	$5.95	33	1
0	365	$0.01	$0.02	139.53%	$13.00	—	$6.35	$6.45	1	0

Forward $6.63. The 25-delta put carries +13.73 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 109.30%±1.90skew +12.87

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
1	0	$4.60	$4.65	—	$2.00	—	—	—	—	—
—	—	—	—	—	$3.00	152.15%	$0.01	$0.02	29	0
10	100	$2.66	$2.71	—	$4.00	131.75%	$0.05	$0.06	64	1
70	108	$2.21	$2.25	—	$4.50	126.31%	$0.10	$0.11	735	1,014
60	743	$1.80	$1.85	—	$5.00	121.58%	$0.18	$0.19	1,919	90
2	431	$1.42	$1.46	—	$5.50	117.65%	$0.30	$0.31	1,119	69
445	1,000	$1.11	$1.12	—	$6.00	114.73%	$0.47	$0.48	1,231	56
473	733	$0.83	$0.84	—	$6.50	111.93%	$0.69	$0.70	1,148	275
326	1,415	$0.60	$0.61	108.98%	$7.00	—	$0.97	$0.98	1,797	396
59	1,173	$0.43	$0.44	107.91%	$7.50	—	$1.29	$1.30	1,127	49
104	1,694	$0.30	$0.31	106.72%	$8.00	—	$1.64	$1.69	163	111
99	761	$0.20	$0.21	104.78%	$8.50	—	$2.05	$2.10	228	2
1,208	1,983	$0.14	$0.15	105.54%	$9.00	—	$2.49	$2.54	145	5
84	410	$0.10	$0.11	107.03%	$9.50	—	$2.95	$3.00	34	6
18	297	$0.07	$0.08	107.97%	$10.00	—	$3.40	$3.50	214	21
6	571	$0.05	$0.06	109.42%	$10.50	—	$3.90	$3.95	34	2
0	234	$0.04	$0.05	113.01%	$11.00	—	$4.35	$4.45	37	2
2	67	$0.03	$0.04	115.07%	$11.50	—	$4.85	$4.95	14	0
5	1,095	$0.03	$0.04	121.94%	$12.00	—	$5.35	$5.45	4	1
0	176	$0.02	$0.03	121.51%	$12.50	—	$5.85	$5.95	7	0
4	105	$0.02	$0.03	127.45%	$13.00	—	$6.35	$6.45	4	0

Forward $6.64. The 25-delta put carries +12.87 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 106.71%±2.10skew +12.52

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
3	0	$3.60	$3.70	—	$3.00	146.54%	$0.02	$0.03	110	0
0	25	$2.69	$2.74	—	$4.00	129.71%	$0.08	$0.09	108	10
13	21	$2.25	$2.30	—	$4.50	123.47%	$0.14	$0.15	893	10
0	7	$1.85	$1.90	—	$5.00	118.22%	$0.23	$0.24	1,183	96
18	557	$1.48	$1.53	—	$5.50	115.83%	$0.37	$0.38	1,229	50
102	735	$1.18	$1.19	—	$6.00	111.51%	$0.54	$0.55	1,368	145
921	710	$0.91	$0.92	—	$6.50	109.50%	$0.77	$0.78	481	316
354	321	$0.68	$0.69	106.61%	$7.00	—	$1.04	$1.05	1,890	225
25	424	$0.50	$0.51	104.69%	$7.50	—	$1.36	$1.37	1,417	16
120	383	$0.37	$0.38	104.44%	$8.00	—	$1.72	$1.74	220	6
92	63	$0.26	$0.28	103.31%	$8.50	—	$2.11	$2.16	52	0
180	1,132	$0.19	$0.20	102.92%	$9.00	—	$2.53	$2.58	17	6
66	136	$0.14	$0.15	103.72%	$9.50	—	$2.98	$3.05	88	2
3	88	$0.10	$0.11	103.74%	$10.00	—	$3.45	$3.50	71	209
611	37	$0.08	$0.09	106.57%	$10.50	—	$3.90	$4.00	68	2
7	111	$0.06	$0.07	107.65%	$11.00	—	$4.40	$4.50	8	4
13	5	$0.05	$0.06	110.76%	$11.50	—	$4.85	$4.95	4	0
6	1	$0.04	$0.05	112.77%	$12.00	—	$5.35	$5.45	4	1
0	1	$0.03	$0.04	113.54%	$12.50	—	$5.85	$5.95	2	0
0	1	$0.03	$0.04	118.98%	$13.00	—	—	—	—	—
0	18	$0.03	$0.04	124.16%	$13.50	—	—	—	—	—

Forward $6.64. The 25-delta put carries +12.52 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 105.29%±2.29skew +8.21

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	22	$5.55	$5.65	—	$1.00	—	—	—	—	—
0	9	$4.60	$4.70	—	$2.00	—	—	—	—	—
2	262	$3.60	$3.70	—	$3.00	132.91%	$0.02	$0.03	1,115	0
87	704	$2.71	$2.76	—	$4.00	124.65%	$0.10	$0.11	4,113	22,352
6	1,774	$1.89	$1.94	—	$5.00	114.76%	$0.27	$0.28	4,269	233
1,254	3,780	$1.25	$1.26	—	$6.00	109.16%	$0.60	$0.61	8,840	1,427
2,317	3,956	$0.76	$0.77	105.45%	$7.00	—	$1.11	$1.12	11,446	533
1,266	6,788	$0.44	$0.45	103.14%	$8.00	—	$1.78	$1.80	11,148	325
1,077	4,463	$0.24	$0.25	100.95%	$9.00	—	$2.58	$2.63	8,877	44
1,553	14,335	$0.14	$0.15	102.38%	$10.00	—	$3.45	$3.55	10,787	38
292	8,824	$0.08	$0.09	103.27%	$11.00	—	$4.40	$4.50	7,976	48
162	9,575	$0.05	$0.06	105.95%	$12.00	—	$5.35	$5.45	2,453	14
61	5,809	$0.04	$0.05	112.41%	$13.00	—	$6.35	$6.45	1,896	1
15	5,309	$0.03	$0.04	116.79%	$14.00	—	$7.35	$7.45	1,816	2
99	9,877	$0.02	$0.03	118.85%	$15.00	—	$8.35	$8.45	1,265	4
48	3,932	$0.02	$0.03	126.30%	$16.00	—	$9.35	$9.45	343	0
22	8,665	$0.02	$0.03	133.19%	$17.00	—	$10.35	$10.45	8	0
0	8,511	$0.01	$0.02	130.42%	$18.00	—	$11.35	$11.45	1	0
0	3,747	$0.01	$0.02	136.16%	$19.00	—	—	—	—	—
44	12,729	$0.01	$0.02	141.55%	$20.00	—	—	—	—	—
0	2,771	$0.01	$0.02	146.63%	$21.00	—	$14.35	$14.45	0	1

Forward $6.65. The 25-delta put carries +8.21 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 103.49%±2.42skew +10.65

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
—	—	—	—	—	$3.00	131.65%	$0.03	$0.04	1	0
—	—	—	—	—	$3.50	124.43%	$0.06	$0.07	1	0
130	5	$2.73	$2.78	—	$4.00	121.96%	$0.12	$0.13	23	1,454
—	—	—	—	—	$4.50	115.45%	$0.19	$0.20	3	22
10	14	$1.92	$1.98	—	$5.00	113.44%	$0.31	$0.32	378	60
1	0	$1.58	$1.63	—	$5.50	110.35%	$0.46	$0.47	151	48
7	312	$1.29	$1.31	—	$6.00	107.57%	$0.65	$0.66	1,015	258
34	834	$1.03	$1.04	—	$6.50	105.48%	$0.88	$0.90	344	141
716	959	$0.81	$0.82	103.77%	$7.00	—	$1.16	$1.17	674	250
12	405	$0.63	$0.64	102.44%	$7.50	—	$1.48	$1.49	148	16
555	351	$0.48	$0.49	100.78%	$8.00	—	$1.81	$1.86	2	3
35	147	$0.37	$0.38	100.45%	$8.50	—	$2.20	$2.25	24	1
107	14	$0.28	$0.29	99.70%	$9.00	—	$2.61	$2.66	1	0
228	45	$0.21	$0.22	99.01%	$9.50	—	$3.05	$3.10	4	0
111	3	$0.16	$0.17	99.06%	$10.00	—	$3.45	$3.55	10	1
14	3	$0.13	$0.14	100.87%	$10.50	—	—	—	—	—
1	6	$0.10	$0.11	101.13%	$11.00	—	—	—	—	—
1	0	$0.07	$0.08	105.09%	$12.00	—	$5.40	$5.50	4	4
59	54	$0.05	$0.06	108.63%	$13.00	—	—	—	—	—

Forward $6.65. The 25-delta put carries +10.65 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 99.33%±2.84skew +11.57

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	176	$5.60	$5.65	—	$1.00	—	—	—	—	—
6	45	$4.60	$4.70	—	$2.00	136.73%	$0.01	$0.02	294	5
3	1,565	$3.65	$3.75	—	$3.00	123.21%	$0.06	$0.07	19,026	80
0	127	$2.32	$3.05	—	$4.00	115.57%	$0.16	$0.23	1,930	2
167	2,305	$2.05	$2.10	—	$5.00	107.97%	$0.42	$0.43	65,117	2,345
1,313	2,173	$1.46	$1.47	—	$6.00	103.77%	$0.80	$0.81	20,501	430
1,259	3,050	$0.99	$1.00	100.21%	$7.00	—	$1.32	$1.33	13,583	209
968	7,599	$0.65	$0.66	97.62%	$8.00	—	$1.98	$1.99	17,255	122
673	7,026	$0.42	$0.43	96.04%	$9.00	—	$2.74	$2.78	4,995	35
594	31,475	$0.28	$0.29	96.40%	$10.00	—	$3.55	$3.65	29,747	2
59	4,951	$0.19	$0.20	97.23%	$11.00	—	$4.50	$4.55	5,034	12
148	8,332	$0.13	$0.14	98.06%	$12.00	—	$5.45	$5.50	5,295	80
29	10,914	$0.10	$0.11	101.14%	$13.00	—	$6.40	$6.50	10,856	60
113	3,205	$0.08	$0.09	104.37%	$14.00	—	$7.35	$7.45	1,346	1
185	25,816	$0.06	$0.07	105.86%	$15.00	—	$8.35	$8.45	2,419	101
111	5,604	$0.05	$0.06	108.88%	$16.00	—	$9.35	$9.45	434	0
307	9,549	$0.04	$0.05	110.83%	$17.00	—	$10.35	$10.45	1,044	2
611	4,871	$0.04	$0.05	116.01%	$18.00	—	$11.35	$11.45	9	0
564	2,059	$0.03	$0.04	116.32%	$19.00	—	$12.35	$12.45	17	0
137	33,168	$0.03	$0.04	120.75%	$20.00	—	$13.35	$13.45	35	1
171	4,015	$0.03	$0.04	124.92%	$21.00	—	—	—	—	—

Forward $6.67. The 25-delta put carries +11.57 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.