MARA has seen plenty of options volume lately
Crypto stock MARA Holdings Inc (NASDAQ:MARA) is a new face on Senior Quantitative Analyst Rocky White's list of stocks that attracted the most options volume during the last two weeks. Over the last 10 days, options bulls have blasted MARA, with 2,603,446 calls exchanged in comparison to 708,248 puts. The most popular contract during this time period was the October 19 call, followed by the weekly 10/25 20-strike call.
This penchant for calls isn't unusual, given Mara stock's 50-day call/put volume ratio of 4.32 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio ranks higher than all other readings from the past year.
At last glance, MARA was up 10.4% at $18.83. This puts shares on track for their largest single-day percentage gain since August, though the volatile stock isn't a stranger to 5% moves in either direction, including yesterday's 6.4% drop. Year to date, the equity is down 20.4%.