MARA Options Flow
Marathon Digital Holdings Inc.
Track MARA options flow, gamma exposure, and unusual activity in real-time.
Recent MARA Options Flow
Live institutional order flow from the Options Flow scanner
| Time | Type | Strike | Expiry | Premium | Sentiment |
|---|---|---|---|---|---|
| 3:48 PM | CALL SWEEP | $20 | 3/21/26 | $234,000 | BULLISH |
| 3:15 PM | PUT BLOCK | $17 | 2/28/26 | $167,000 | BEARISH |
| 2:42 PM | CALL SWEEP | $22 | 4/17/26 | $345,000 | BULLISH |
| 2:08 PM | CALL BLOCK | $21 | 3/21/26 | $445,000 | BULLISH |
| 1:35 PM | PUT SWEEP | $18 | 3/7/26 | $189,000 | BEARISH |
| 12:48 PM | CALL BLOCK | $23 | 4/17/26 | $567,000 | BULLISH |
| 11:32 AM | PUT SWEEP | $16 | 2/28/26 | $123,000 | NEUTRAL |
| 10:42 AM | CALL BLOCK | $25 | 4/17/26 | $645,000 | BULLISH |
Double-click any trade in the live product to see detailed charts and P&L tracking
MARA Gamma Exposure Dashboard
Interactive GEX analysis with heatmap, chart, and table views
| Strike | 2/21 | 2/24 | 2/28 | 3/21 | 3/7 | 4/18 |
|---|---|---|---|---|---|---|
| $19 | 6.1M | 5.2M | 4.3M | 2.4M | 3.4M | 1.5M |
| $18 | -2.1M | -1.8M | -1.5M | -854K | -1.2M | -534K |
| $17 | -1.8M | -1.6M | -1.3M | -732K | -1.0M | -458K |
MARA Options Market Statistics
Key metrics for Marathon Digital Holdings Inc.
About MARA Options
Marathon Digital is a Bitcoin mining company with revenue tied to BTC price and mining difficulty. Options flow in MARA reveals leveraged bets on Bitcoin - the stock amplifies BTC moves 3-5x. MARA is pure speculation - institutions use it for crypto exposure without holding Bitcoin directly.
Reading MARA Options Flow
MARA flow mirrors Bitcoin price action with extreme volatility. Watch for call sweeps during Bitcoin rallies - MARA options offer maximum leverage to crypto sentiment. The stock's retail following and low price attract aggressive speculation. Distinguish conviction (large blocks, long expiry) from gambling (small sweeps, weeklies).
MARA Gamma Exposure Insights
MARA gamma exposure is consistently negative due to heavy retail call buying. Dealers are short gamma most of the time, amplifying Bitcoin-driven moves in both directions. The stock routinely moves 10-20% intraday during Bitcoin volatility. When MARA GEX flips positive (rare), expect compression and retail call buyer pain.
Related Concepts
Learn more about the key terms for MARA options trading
Frequently Asked Questions
MARA options flow tracks speculative positioning in Marathon Digital options, heavily influenced by Bitcoin price action. MARA flow is extremely noisy due to retail domination - the stock is a leveraged crypto bet, not a fundamental investment.
MARA GEX reveals persistent negative gamma due to retail call buying. Dealers are short gamma consistently, amplifying Bitcoin moves. The stock's low price and high volatility create extreme GEX dynamics. Positive GEX is rare and signals compression - retail gets crushed.
Unusual MARA activity is common due to retail speculation, so it's less predictive than other stocks. Large call sweeps during Bitcoin rallies signal FOMO, not conviction. Put blocks may be short-term trades, not hedges. Check Bitcoin price action - MARA is a derivative bet.
MARA is a pure Bitcoin miner with no diversified revenue like COIN's exchange fees. Mining profitability depends on BTC price and mining difficulty - both are volatile. MARA has higher leverage to Bitcoin moves (3-5x) than COIN (2-3x). Lower stock price attracts more retail speculation.
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