SMCI Options History — December 2007

In December 2007, SMCI traded between $0.77 and $0.90. ATM implied volatility averaged 46.2%. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 5.5% (HV 20d: 40.8%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-12-31: Highest Volume — 1,250 contracts
  • 2007-12-28: Largest IV spike — 34.1% change
  • 2007-12-31: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.85$0.77$0.90$0.84$0.77
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV46.2%37.4%57.7%40.3%52.8%
Expected Move13.2%10.7%15.2%11.5%15.2%
HV 20d40.8%33.0%56.7%56.7%36.0%
HV 60d42.8%41.6%44.6%44.6%42.9%
Term Structure8.9%-6.0%42.7%13.3%-1.6%
Bid-Ask Spread %97.9372.53112.00107.9472.53
Gamma HHI0.580.530.610.590.53
Net GEX1.3K1.2K1.6K1.2K1.4K
Net DEX-34.9K-52.3K-15.3K-34.5K-15.3K
Net VEX-341-401-246-376-246
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume71.501,25001,250
Total OI2,5972,1102,7902,7902,110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-12-03$0.84$1.0040.3%11.5%56.7%0.0%0.0%0.0%13.3%1.2K-34.5K-3760.00107.94002,020770
2007-12-04$0.85$1.0052.5%15.0%49.3%0.0%0.0%0.0%-6.0%1.2K-37.9K-3980.00108.30002,020770
2007-12-05$0.86$1.0043.8%12.6%48.5%0.0%0.0%0.0%13.2%1.2K-38.5K-3840.00108.42002,020770
2007-12-06$0.90$1.0038.9%11.2%51.3%0.0%0.0%0.0%6.1%1.4K-52.3K-4010.00108.38002,020770
2007-12-07$0.89$1.0040.2%13.0%46.7%0.0%0.0%0.0%1.5%1.3K-48.1K-3970.0081.66002,020770
2007-12-10$0.88$1.0043.7%13.8%46.6%0.0%0.0%0.0%0.5%1.3K-47.7K-3910.0079.832002,020770
2007-12-11$0.85$1.0051.8%15.0%48.8%0.0%0.0%0.0%42.7%1.3K-32.0K-3530.00100.060502,000770
2007-12-12$0.85$1.0057.7%12.4%41.0%0.0%0.0%0.0%18.5%1.3K-36.3K-3520.00101.09002,000720
2007-12-13$0.85$1.0050.4%14.4%41.0%0.0%0.0%0.0%5.7%1.3K-36.9K-3480.0097.960102,000720
2007-12-14$0.84$1.0051.8%14.8%40.3%0.0%0.0%0.0%1.1%1.3K-33.6K-3440.00100.33002,000720
2007-12-17$0.83$1.0049.8%14.3%35.9%0.0%0.0%0.0%4.8%1.2K-30.0K-3220.0098.48002,000720
2007-12-18$0.83$1.0052.0%14.9%35.5%0.0%0.0%0.0%2.4%1.2K-28.4K-3190.00100.19002,000720
2007-12-19$0.83$1.0051.3%14.7%35.7%0.0%0.0%0.0%5.2%1.2K-31.4K-3200.0098.86002,000720
2007-12-20$0.84$1.0044.3%12.7%33.6%0.0%0.0%0.0%17.0%1.4K-34.0K-3280.0097.62002,000720
2007-12-21$0.85$1.0039.4%11.3%33.3%0.0%0.0%0.0%15.8%1.5K-33.8K-3230.00112.0001002,000720
2007-12-24$0.86$1.0038.5%11.0%33.1%0.0%0.0%0.0%10.7%1.5K-36.9K-3180.00108.70001,720420
2007-12-26$0.86$1.0037.9%10.9%33.0%0.0%0.0%0.0%14.5%1.5K-35.2K-3120.00108.88001,720420
2007-12-27$0.84$1.0037.4%10.7%34.0%0.0%0.0%0.0%12.3%1.6K-29.7K-2960.0091.03001,720420
2007-12-28$0.81$1.0050.2%14.4%34.7%0.0%0.0%0.0%0.8%1.5K-24.4K-2870.0076.27001,720420
2007-12-31$0.77$1.0052.8%15.2%36.0%0.0%0.0%0.0%-1.6%1.4K-15.3K-2460.0072.531,25001,720390