---
title: "Trending | MARA Plummets 14% on Thursday, Some Put options Soar 866%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304578132.md"
description: "On November 5, Eastern Time, Mara options saw a total of 282476 contracts traded, with calls accounting for 63% and puts making up 36%."
datetime: "2026-11-06T04:50:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304578132.md)
  - [en](https://longbridge.com/en/news/304578132.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304578132.md)
generator: "portal-rs"
---

# Trending | MARA Plummets 14% on Thursday, Some Put options Soar 866%

On November 5, Eastern Time, Mara options saw a total of 282476 contracts traded, with calls accounting for 63% and puts making up 36%.

Mara has 1923637 contracts outstanding, with calls accounting for 61% and puts making up 38%.

The top volume gainer was the 6.5 dollars Call option expiring on November 6, 2026, with 14295 contracts traded.

On the news front, Shares fell from $7.16 to $5.875 over three days on daily volumes over 35M. The decline tracks a broader AI trade unwind, driving heavy put buying.

Please note: The chart below does not include options expiring within five days.

### Top 5 Options by Volume Change

| Option               | Close | Change   | Volume |
| -------------------- | ----- | -------- | ------ |
| MARA 261106 6.5 Call | 0.04  | -91.83%  | 14.29K |
| MARA 261106 6 Call   | 0.17  | -80.68%  | 9.42K  |
| MARA 261120 7.5 Call | 0.16  | -61.90%  | 8.82K  |
| MARA 261106 7 Call   | 0.02  | -91.30%  | 7.81K  |
| MARA 261106 6 Put    | 0.29  | +866.66% | 6.93K  |

### Options Open Interest Change

| Option               | Close | Change   | Open Interest |
| -------------------- | ----- | -------- | ------------- |
| MARA 261106 7 Call   | 0.02  | -91.30%  | 49.82K        |
| MARA 261106 6.5 Call | 0.04  | -91.83%  | 42.74K        |
| MARA 261113 9 Call   | 0.02  | -71.42%  | 14.63K        |
| MARA 261120 9 Call   | 0.06  | -53.84%  | 12.58K        |
| MARA 261106 7 Put    | 0.99  | +182.85% | 12.36K        |

### High Implied Volatility

| Option               | Close | Volume | Open Interest | Implied Volatility |
| -------------------- | ----- | ------ | ------------- | ------------------ |
| MARA 261106 18 Put   | 12.07 | 12     | 0             | 976.6%             |
| MARA 261106 17.5 Put | 11.57 | 12     | 0             | 957.0%             |
| MARA 261106 16 Put   | 10.1  | 14     | 0             | 957.0%             |
| MARA 261106 15.5 Put | 9.6   | 14     | 3             | 933.6%             |
| MARA 261106 15 Put   | 9.07  | 12     | 6             | 851.6%             |

### Related Stocks

- [MARA.US](https://longbridge.com/en/quote/MARA.US.md)

## Related News & Research

- [MARA Holdings Buyback Boosts Shares: What Investors Need to Know](https://longbridge.com/en/news/305047479.md)
- [MARA Holdings Q3 2026 Earnings Call Transcript](https://longbridge.com/en/news/304922580.md)
- [MARA Rises Despite Q3 Miss as Analysts Focus on First HPC Lease](https://longbridge.com/en/news/305047214.md)
- [FERC Authorizes MARA’s Acquisition of Long Ridge Energy & Power, Finds Transaction Consistent with the Public Interest](https://longbridge.com/en/news/304459640.md)
- [Mara Holdings CEO Frederick G Thiel Reports Disposal of $460,916.87 in Common Shares](https://longbridge.com/en/news/304181906.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**