SMCI Options History — September 2007

In September 2007, SMCI traded between $0.83 and $1.00. ATM implied volatility averaged 51.5%. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 23.9% (HV 20d: 27.6%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.26.

Notable Days

  • 2007-09-12: Highest Volume — 420 contracts
  • 2007-09-11: Largest IV drop — 43.6% change
  • 2007-09-05: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.93$0.83$1.00$0.84$0.98
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV51.5%32.6%69.9%56.5%46.4%
Expected Move15.4%12.6%20.0%16.2%13.3%
HV 20d27.6%18.8%35.2%21.8%35.2%
Term Structure-1.1%-11.1%9.7%9.7%4.0%
VWIV52.0%50.4%53.6%53.6%50.4%
Bid-Ask Spread %78.2357.4491.8164.0891.81
Gamma HHI0.710.390.910.390.84
Net GEX1.0K702.5K3091.5K
Net DEX-38.9K-72.6K-9.1K-13.0K-62.1K
Net VEX-220-349-94-94-349
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.001.500.000.00
Total Volume103.158042030100
Total OI1,217.3686001,8006001,800

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-09-04$0.84$1.0056.5%16.2%21.8%0.0%0.0%0.0%9.7%309-13.0K-940.0064.08300460140
2007-09-05$0.83$1.0069.9%20.0%21.9%0.0%0.0%0.0%-11.1%325-13.9K-1020.0066.4500490140
2007-09-06$0.84$1.0055.3%15.8%21.0%0.0%0.0%0.0%9.0%325-13.9K-990.0057.440200490140
2007-09-07$0.85$0.0048.6%16.5%18.8%0.0%0.0%0.0%-5.7%70-9.1K-1290.0070.57500490340
2007-09-10$0.87$0.0057.9%16.0%19.3%0.0%0.0%0.0%-1.7%193-14.9K-1361.0066.881010540340
2007-09-11$0.92$0.0032.6%16.0%26.3%0.0%0.0%0.0%-4.9%323-18.7K-1400.0081.68500550350
2007-09-12$0.94$0.0043.0%15.6%26.8%0.0%0.0%0.0%-3.3%439-18.2K-1350.0081.034200500350
2007-09-13$0.92$0.0056.1%16.1%27.5%0.0%0.0%0.0%-5.0%795-29.1K-2030.0080.021000840350
2007-09-14$0.92$0.0055.4%15.9%23.6%0.0%0.0%0.0%-4.4%938-34.1K-2290.0083.7600940350
2007-09-17$0.91$0.0054.2%15.5%24.5%0.0%0.0%0.0%-3.5%744-31.3K-2220.0083.0300940350
2007-09-18$0.95$0.0052.7%15.1%29.2%0.0%0.0%0.0%-4.4%1.3K-37.0K-2210.3383.25300100940350
2007-09-19$0.99$0.0053.0%15.2%31.2%0.0%0.0%0.0%-6.2%2.5K-64.0K-2990.0081.6511001,210350
2007-09-20$0.99$0.0053.7%15.4%30.7%0.0%0.0%0.0%-5.6%2.1K-62.4K-2950.0081.93001,120350
2007-09-21$0.98$0.0053.6%15.4%31.0%0.0%53.6%0.0%-5.8%2.0K-60.0K-2911.5080.3920301,120350
2007-09-24$0.96$1.0050.3%14.4%33.3%0.0%50.4%0.0%1.1%681-49.7K-2920.0083.7426001,030380
2007-09-25$0.97$1.0048.8%14.0%33.4%0.0%0.0%0.0%2.6%1.5K-66.1K-3170.0084.17001,290380
2007-09-26$1.00$1.0044.0%12.6%33.9%0.0%0.0%0.0%8.5%1.6K-72.6K-3140.0076.717001,290380
2007-09-27$0.98$1.0046.1%13.2%35.1%0.0%0.0%0.0%5.5%1.6K-69.4K-3220.0087.8001001,320380
2007-09-28$0.98$1.0046.4%13.3%35.2%0.0%0.0%0.0%4.0%1.5K-62.1K-3490.0091.8101001,320480