SMCI Options History — March 2012

In March 2012, SMCI traded between $1.61 and $1.76. ATM implied volatility averaged 29.2%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 1.9% (HV 20d: 27.3%). Max pain ranged from $1.75 to $1.75. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-03-07: Highest Volume — 510 contracts
  • 2012-03-14: Largest IV spike — 23.2% change
  • 2012-03-14: Highest IV Rank — 5.7%
  • 2012-03-06: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.69$1.61$1.76$1.66$1.75
Max Pain$1.75$1.75$1.75$1.75$1.75
ATM IV29.2%23.6%33.3%32.8%31.4%
Expected Move8.9%8.2%12.3%9.4%9.0%
HV 20d27.3%19.9%33.0%30.4%20.6%
HV 60d30.3%26.1%36.4%36.4%26.3%
IV Rank3.0%0.0%5.7%3.6%4.5%
IV Percentile6.4%0.0%14.3%8.3%12.3%
Term Structure4.7%-5.9%7.9%3.4%4.6%
VWIV32.2%26.1%42.9%42.9%29.8%
Bid-Ask Spread %53.1227.2389.3885.7127.23
Gamma HHI0.640.340.830.560.78
Net GEX2.6K-1.5K7.0K-1.1K6.4K
Net DEX-50.2K-123.3K22.5K-1.1K-101.7K
Net VEX-425-504-346-413-422
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume40.455051000
Total OI2,017.7271,7502,3201,7502,050

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-03-01$1.66$1.7532.8%9.4%30.4%3.6%0.0%0.0%3.4%-1.1K-1.1K-4130.0085.71001,010740
2012-03-02$1.67$1.7528.6%8.2%30.5%1.1%0.0%0.0%3.6%-1.3K-2.7K-4090.0089.38001,010740
2012-03-05$1.66$1.7525.0%10.6%29.7%0.0%0.0%0.0%-0.3%-1.0K9.4K-3790.0056.14001,010740
2012-03-06$1.61$1.7530.2%12.3%30.8%3.0%42.9%0.0%-5.9%25322.5K-3460.0055.370601,010740
2012-03-07$1.67$1.7525.6%8.6%33.0%0.3%30.1%0.0%6.1%-1.5K11.3K-3730.0054.9251001,010800
2012-03-08$1.68$1.7524.4%8.5%32.8%0.0%0.0%0.0%7.9%661-27.4K-4970.0083.23001,520800
2012-03-09$1.70$1.7523.6%8.6%31.6%0.0%0.0%0.0%6.0%-560-39.1K-5040.0032.50001,520800
2012-03-12$1.69$1.7528.8%8.6%30.5%3.0%0.0%0.0%6.0%208-30.9K-4770.0034.60001,520800
2012-03-13$1.70$1.7527.0%8.8%29.5%2.0%0.0%0.0%5.0%-263-32.0K-4700.0040.34001,520800
2012-03-14$1.68$1.7533.3%8.7%29.6%5.7%0.0%0.0%5.4%945-24.1K-4570.0034.32001,520800
2012-03-15$1.69$1.7529.9%8.6%29.7%3.7%0.0%0.0%6.3%-70-29.2K-4520.0041.18001,520800
2012-03-16$1.68$1.7528.9%8.3%26.3%3.1%0.0%0.0%7.9%1.2K-20.0K-4310.0041.81001,520800
2012-03-19$1.70$1.7529.7%8.5%26.6%3.6%26.1%0.0%5.8%5.9K-94.0K-4270.0047.047001,520370
2012-03-20$1.68$1.7530.0%8.6%26.5%3.8%0.0%0.0%5.8%5.4K-77.2K-4060.0046.92001,480370
2012-03-21$1.68$1.7530.9%8.9%25.6%4.3%0.0%0.0%4.9%5.5K-75.3K-4000.0047.09001,480370
2012-03-22$1.68$1.7529.9%8.6%23.5%3.7%0.0%0.0%6.3%5.6K-74.9K-3940.0052.01001,480370
2012-03-23$1.70$1.7530.0%8.6%23.7%3.7%0.0%0.0%5.9%6.0K-84.7K-4010.0062.24001,480370
2012-03-26$1.74$1.7528.8%8.3%25.2%3.0%0.0%0.0%6.0%7.0K-110.2K-4050.0062.5702001,480370
2012-03-27$1.75$1.7529.9%8.6%24.4%3.6%29.8%0.0%5.5%6.8K-123.3K-4230.0063.060501,480570
2012-03-28$1.73$1.7532.7%9.4%19.9%5.3%0.0%0.0%3.3%5.9K-91.4K-4310.0054.82001,430620
2012-03-29$1.76$1.7531.9%9.2%20.4%4.9%0.0%0.0%4.2%6.2K-109.0K-4290.0056.06001,430620
2012-03-30$1.75$1.7531.4%9.0%20.6%4.5%0.0%0.0%4.6%6.4K-101.7K-4220.0027.23001,430620