SMCI Options History — February 2008

In February 2008, SMCI traded between $0.88 and $0.96. ATM implied volatility averaged 49.1%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 10.8% (HV 20d: 59.9%). Max pain ranged from $0.75 to $0.75. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-02-04: Highest Volume — 1,520 contracts
  • 2008-02-14: Largest IV drop — 39.6% change
  • 2008-02-13: Highest IV Rank — 68.6%
  • 2008-02-22: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.90$0.88$0.96$0.96$0.90
Max Pain$0.75$0.75$0.75$0.75$0.75
ATM IV49.1%30.6%81.5%48.9%33.6%
Expected Move13.1%8.8%15.6%14.0%9.6%
HV 20d59.9%26.5%66.9%64.3%26.5%
HV 60d53.3%50.3%56.8%55.4%50.3%
IV Rank27.8%4.4%68.6%27.5%8.2%
IV Percentile36.6%1.4%97.1%36.9%3.4%
Term Structure3.5%-4.8%20.2%-0.0%16.0%
VWIV43.4%36.7%50.1%50.1%36.7%
Bid-Ask Spread %97.1376.51131.4094.96108.34
Gamma HHI0.820.660.970.720.97
Net GEX4.0K2.2K4.5K2.3K4.2K
Net DEX-109.8K-124.8K-62.6K-82.2K-90.2K
Net VEX-491-551-233-253-466
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume116.501,520300
Total OI3,3271,8803,6401,8803,420

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-02-01$0.96$0.0048.9%14.0%64.3%27.5%0.0%0.0%-0.0%2.3K-82.2K-2530.0094.963001,670210
2008-02-04$0.90$0.7546.3%14.3%66.9%24.2%50.1%0.0%0.6%2.2K-62.6K-2330.0096.731,52001,680210
2008-02-05$0.88$0.7546.3%14.2%65.5%24.1%0.0%0.0%0.9%3.8K-110.6K-5260.0076.51003,180210
2008-02-06$0.90$0.7546.4%14.0%65.7%24.3%0.0%0.0%0.8%3.9K-117.6K-5470.0077.95003,180210
2008-02-07$0.90$0.7547.2%14.2%65.7%25.3%0.0%0.0%-4.8%4.0K-121.4K-5480.00108.7239003,230210
2008-02-08$0.88$0.7550.5%14.0%66.0%29.6%0.0%0.0%1.5%4.0K-116.3K-5420.0081.14003,300210
2008-02-11$0.91$0.7565.4%14.2%65.9%48.3%0.0%0.0%-0.4%4.2K-124.8K-5500.0091.37003,300210
2008-02-12$0.90$0.7579.8%14.7%65.2%66.5%0.0%0.0%-1.5%4.1K-124.7K-5510.0091.61003,300210
2008-02-13$0.90$0.7581.5%14.3%65.0%68.6%0.0%0.0%-0.5%4.2K-122.9K-5480.0087.87003,300210
2008-02-14$0.90$0.7549.2%14.1%63.7%27.9%0.0%0.0%0.1%4.3K-124.5K-5430.0088.48003,300210
2008-02-15$0.89$0.7548.8%14.0%58.3%27.4%0.0%0.0%-0.1%4.2K-118.5K-5320.0092.64003,300210
2008-02-19$0.90$0.7546.8%13.4%58.3%24.8%0.0%0.0%3.1%4.3K-117.6K-5100.0097.8010003,300210
2008-02-20$0.90$0.7545.1%12.9%58.3%22.7%0.0%0.0%3.2%4.4K-120.3K-5200.0098.082003,370210
2008-02-21$0.90$0.7547.2%13.5%58.3%25.3%0.0%0.0%0.9%4.5K-121.0K-5230.0098.49003,380210
2008-02-22$0.90$0.7554.5%15.6%57.5%34.5%0.0%0.0%-1.1%4.5K-120.3K-5190.00131.40003,430210
2008-02-25$0.89$0.7539.4%11.3%57.3%15.5%36.7%0.0%1.3%4.5K-118.5K-5050.0095.3522003,380210
2008-02-26$0.90$0.7541.3%11.8%56.8%17.8%0.0%0.0%17.6%4.3K-101.4K-4920.00108.18003,160210
2008-02-27$0.90$0.7530.6%8.8%56.3%4.4%0.0%0.0%20.2%4.1K-92.5K-4600.00108.830503,160210
2008-02-28$0.89$0.7533.7%9.7%56.4%8.3%0.0%0.0%13.0%4.0K-88.3K-4480.00108.22003,160260
2008-02-29$0.90$0.7533.6%9.6%26.5%8.2%0.0%0.0%16.0%4.2K-90.2K-4660.00108.34003,160260