SMCI Options History — November 2011

In November 2011, SMCI traded between $1.29 and $1.61. ATM implied volatility averaged 49.4%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 6.5% (HV 20d: 55.8%). Max pain ranged from $1.50 to $1.50. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-11-03: Highest Volume — 100 contracts
  • 2011-11-25: Largest IV spike — 322.5% change
  • 2011-11-25: Highest IV Rank — 100.0%
  • 2011-11-25: Largest Expected Move — 56.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.48$1.29$1.61$1.54$1.36
Max Pain$1.50$1.50$1.50$1.50$1.50
ATM IV49.4%27.9%195.6%43.5%40.4%
Expected Move14.4%8.0%56.1%12.5%11.6%
HV 20d55.8%45.5%60.6%59.8%48.2%
HV 60d60.6%57.8%64.9%64.9%59.4%
IV Rank14.3%0.0%100.0%10.4%7.5%
IV Percentile34.5%0.0%100.0%32.9%19.8%
Term Structure1.7%-74.1%17.5%1.6%17.5%
VWIV34.3%34.3%34.3%34.3%34.3%
Skew 25d5.6%-5.3%15.8%10.5%15.8%
Skew 10d7.1%-6.1%20.1%13.7%17.9%
Call IV 25d41.9%29.4%168.0%32.1%29.4%
Put IV 25d47.5%35.0%181.0%42.5%45.2%
Bid-Ask Spread %60.5023.95173.3023.9561.27
Gamma HHI0.600.490.870.490.87
Net GEX-2.1K-4.9K1.1K-2.0K-4.9K
Net DEX96.2K31.8K187.4K74.1K177.8K
Net VEX-669-804-418-791-468
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume16.66701000100
Total OI3,3903,1203,5803,4103,120

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-11-01$1.54$1.5043.5%12.5%59.8%10.4%0.0%10.5%1.6%-2.0K74.1K-7910.0023.95001,0102,400
2011-11-02$1.56$1.5044.2%12.7%57.0%10.9%0.0%8.6%0.9%-2.0K71.4K-7920.0048.44001,0102,400
2011-11-03$1.61$1.5027.9%8.0%57.7%0.0%0.0%4.4%17.2%-1.7K37.5K-7700.0067.1810001,0102,400
2011-11-04$1.59$1.5042.4%12.7%56.8%10.8%0.0%1.5%2.8%-1.3K37.5K-8040.0046.78001,1102,400
2011-11-07$1.57$1.5042.2%13.0%55.5%10.6%0.0%-1.8%3.4%-1.3K50.8K-7750.0047.005001,1102,400
2011-11-08$1.60$1.5029.5%12.3%55.6%1.2%0.0%3.6%4.0%-1.7K31.8K-7580.0058.31001,1602,400
2011-11-09$1.50$1.5043.9%13.0%60.3%11.9%0.0%-5.3%2.7%-2.0K80.0K-7510.0056.57001,1602,400
2011-11-10$1.52$1.5044.3%12.7%60.1%12.2%0.0%7.0%3.9%-1.7K78.8K-7520.0064.73001,1602,400
2011-11-11$1.56$1.5043.1%12.4%60.3%11.3%0.0%-1.3%5.0%-1.3K49.7K-7510.0054.03001,1602,400
2011-11-14$1.53$1.5045.1%12.9%60.6%12.7%0.0%8.6%1.7%-1.1K69.8K-7270.0065.650201,1602,400
2011-11-15$1.57$1.5043.7%12.5%60.4%11.7%0.0%1.2%4.4%-1.5K42.8K-7150.0059.672001,1602,400
2011-11-16$1.51$1.5043.1%12.4%59.6%11.3%0.0%7.2%6.0%-58174.4K-7070.0064.76001,1802,400
2011-11-17$1.48$1.5043.7%12.5%59.5%11.7%0.0%0.6%4.0%110106.3K-6840.0066.58001,1802,400
2011-11-18$1.48$1.5043.0%12.3%59.3%11.2%0.0%1.5%4.7%1.1K107.9K-6690.0066.610101,1802,400
2011-11-21$1.47$1.5043.4%12.4%57.6%11.5%0.0%-0.7%3.8%-4.2K123.6K-6350.0051.83009802,140
2011-11-22$1.42$1.5043.3%12.4%55.7%11.4%0.0%7.2%3.1%-4.5K144.1K-5970.0043.63009802,140
2011-11-23$1.31$1.5046.3%13.3%48.5%13.7%0.0%14.5%5.5%-4.1K181.7K-4740.0055.34009802,140
2011-11-25$1.29$1.50195.6%56.1%45.5%100.0%0.0%13.0%-74.1%-1.1K108.4K-5710.00173.30009802,140
2011-11-28$1.32$1.5043.1%12.4%47.2%9.1%0.0%9.8%9.8%-4.3K184.4K-4470.0059.65009802,140
2011-11-29$1.32$1.5044.7%12.8%47.2%10.0%0.0%12.6%8.0%-4.3K187.4K-4180.0035.315009802,140
2011-11-30$1.36$1.5040.4%11.6%48.2%7.5%34.3%15.8%17.5%-4.9K177.8K-4680.0061.2710009802,140