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Mixed options sentiment in Marathon Patent Group with shares down 2.56%

Mixed options sentiment in Marathon Patent Group (MARA), with shares down 44c near $16.72. Options volume relatively light with 174k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 0.4 points near 74.41,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.78. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Neutral at Compass Point.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 9.17% or $1.53.

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