SMCI Options History — July 2008

In July 2008, SMCI traded between $0.75 and $0.79. ATM implied volatility averaged 51.9%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 27.1% (HV 20d: 24.9%). Max pain ranged from $0.75 to $0.75. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.13.

Notable Days

2008-07-24: Highest Volume — 100 contracts
2008-07-30: Largest IV spike — 7.4% change
2008-07-23: Highest IV Rank — 34.4%
2008-07-23: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.77	$0.75	$0.79	$0.75	$0.79
Max Pain	$0.75	$0.75	$0.75	$0.75	$0.75
ATM IV	51.9%	48.7%	54.4%	51.5%	52.6%
Expected Move	14.9%	14.0%	15.6%	14.8%	15.1%
HV 20d	24.9%	16.9%	28.3%	26.6%	16.9%
HV 60d	26.8%	20.9%	52.0%	51.9%	20.9%
IV Rank	30.9%	24.0%	34.4%	30.8%	29.2%
IV Percentile	66.6%	44.8%	81.9%	64.1%	71.8%
Term Structure	-1.6%	-5.7%	1.1%	-0.6%	-1.8%
VWIV	50.7%	50.7%	50.7%	50.7%	50.7%
Bid-Ask Spread %	73.40	68.03	83.97	70.32	75.77
Gamma HHI	0.89	0.87	0.90	0.88	0.89
Net GEX	2.7K	2.4K	3.1K	2.5K	3.0K
Net DEX	-81.2K	-90.4K	-72.4K	-72.4K	-90.4K
Net VEX	-402	-443	-357	-443	-365
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	0.40	0.40	0.00
Total Volume	10.455	0	100	0	0
Total OI	3,405	3,390	3,420	3,390	3,420

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2008-07-01	$0.75	$0.75	51.5%	14.8%	26.6%	30.8%	0.0%	0.0%	-0.6%	2.5K	-72.4K	-443	0.00	70.32	0	0	2,740	650
2008-07-02	$0.76	$0.75	52.2%	15.0%	25.6%	31.6%	0.0%	0.0%	-1.7%	2.4K	-79.2K	-443	0.00	72.72	0	0	2,740	650
2008-07-03	$0.76	$0.75	51.7%	14.8%	25.3%	31.0%	0.0%	0.0%	-1.0%	2.5K	-77.8K	-441	0.00	70.85	0	0	2,740	650
2008-07-07	$0.76	$0.75	52.3%	15.0%	25.3%	31.8%	0.0%	0.0%	-2.1%	2.5K	-75.9K	-430	0.00	73.14	0	0	2,740	650
2008-07-08	$0.77	$0.75	50.5%	14.5%	25.8%	29.5%	0.0%	0.0%	-0.0%	2.7K	-76.4K	-421	0.00	77.61	0	0	2,740	650
2008-07-09	$0.76	$0.75	52.9%	15.2%	26.3%	32.5%	0.0%	0.0%	-1.9%	2.5K	-76.4K	-425	0.00	72.66	0	0	2,740	650
2008-07-10	$0.77	$0.75	51.9%	14.9%	25.7%	31.3%	0.0%	0.0%	-1.0%	2.6K	-79.8K	-424	0.00	71.88	0	0	2,740	650
2008-07-11	$0.77	$0.75	52.2%	15.0%	25.7%	31.7%	0.0%	0.0%	-1.8%	2.6K	-79.8K	-418	0.00	71.88	0	0	2,740	650
2008-07-14	$0.75	$0.75	52.2%	15.0%	26.9%	31.7%	0.0%	0.0%	-2.0%	2.6K	-73.2K	-404	0.00	72.62	0	0	2,740	650
2008-07-15	$0.76	$0.75	52.0%	14.9%	27.0%	31.4%	0.0%	0.0%	-2.1%	2.7K	-79.0K	-402	0.00	72.62	0	0	2,740	650
2008-07-16	$0.77	$0.75	50.8%	14.6%	27.3%	29.8%	50.7%	0.0%	-1.2%	2.7K	-82.9K	-398	0.40	71.92	50	20	2,740	650
2008-07-17	$0.78	$0.75	52.2%	15.0%	27.3%	31.6%	0.0%	0.0%	-1.3%	2.7K	-82.3K	-409	0.00	68.03	0	0	2,750	670
2008-07-18	$0.76	$0.75	53.1%	15.2%	27.9%	32.8%	0.0%	0.0%	-2.8%	2.7K	-78.9K	-399	0.00	72.06	0	0	2,750	670
2008-07-21	$0.77	$0.75	51.9%	14.9%	28.0%	31.3%	0.0%	0.0%	-2.1%	2.8K	-81.1K	-390	0.00	73.16	0	0	2,750	670
2008-07-22	$0.78	$0.75	53.0%	15.2%	28.2%	32.7%	0.0%	0.0%	-3.0%	2.8K	-82.8K	-394	0.00	71.42	0	0	2,750	670
2008-07-23	$0.78	$0.75	54.4%	15.6%	28.3%	34.4%	0.0%	0.0%	-5.7%	2.7K	-84.7K	-391	0.00	72.81	0	0	2,750	670
2008-07-24	$0.77	$0.75	51.0%	14.6%	26.0%	30.1%	0.0%	0.0%	-0.1%	2.9K	-80.8K	-383	0.00	77.69	100	0	2,750	670
2008-07-25	$0.78	$0.75	51.3%	14.7%	23.0%	30.5%	0.0%	0.0%	-1.6%	2.9K	-88.6K	-376	0.00	72.10	60	0	2,750	670
2008-07-28	$0.78	$0.75	51.9%	14.9%	18.4%	31.3%	0.0%	0.0%	-1.5%	2.9K	-86.9K	-370	0.00	73.90	0	0	2,750	670
2008-07-29	$0.78	$0.75	48.7%	14.0%	18.2%	24.0%	0.0%	0.0%	1.1%	3.1K	-87.5K	-357	0.00	83.97	0	0	2,750	670
2008-07-30	$0.79	$0.75	52.3%	15.0%	17.0%	28.7%	0.0%	0.0%	-1.9%	2.9K	-89.7K	-361	0.00	75.69	0	0	2,750	670
2008-07-31	$0.79	$0.75	52.6%	15.1%	16.9%	29.2%	0.0%	0.0%	-1.8%	3.0K	-90.4K	-365	0.00	75.77	0	0	2,750	670