SMCI Options History — March 2013

In March 2013, SMCI traded between $1.13 and $1.21. ATM implied volatility averaged 48.2%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 23.8% (HV 20d: 24.4%). 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 0.20.

Notable Days

2013-03-15: Highest Volume — 100 contracts
2013-03-14: Largest IV drop — 59.2% change
2013-03-12: Highest IV Rank — 52.4%
2013-03-04: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.16	$1.13	$1.21	$1.19	$1.13
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	48.2%	26.3%	113.7%	42.7%	39.0%
Expected Move	10.4%	7.5%	13.3%	12.2%	11.2%
HV 20d	24.4%	19.8%	26.9%	25.6%	23.6%
HV 60d	45.2%	43.1%	46.3%	46.1%	43.1%
IV Rank	14.8%	2.9%	52.4%	11.1%	16.6%
IV Percentile	55.9%	2.4%	99.2%	58.3%	49.2%
Term Structure	9.1%	-3.0%	22.8%	1.5%	-1.0%
Skew 25d	4.5%	-3.6%	17.2%	-0.5%	8.7%
Skew 10d	4.0%	-2.1%	11.0%	8.5%	5.0%
Call IV 25d	37.6%	27.8%	46.0%	43.6%	37.9%
Put IV 25d	42.1%	38.0%	47.7%	43.2%	46.6%
Bid-Ask Spread %	121.55	107.41	142.03	142.03	121.25
Gamma HHI	0.56	0.50	0.70	0.52	0.51
Net GEX	347	259	488	259	488
Net DEX	-16.7K	-22.4K	-12.5K	-13.7K	-17.7K
Net VEX	-43	-52	-26	-27	-51
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	0.40	0.40	0.00
Total Volume	8.5	0	100	0	0
Total OI	237.5	160	270	160	270

Daily Data (20 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
2013-03-01	$1.19	$0.00	42.7%	12.2%	25.6%	11.1%	0.0%	-0.5%	1.5%	259	-13.7K	-27	0.00	142.03	0	0	160	0
2013-03-04	$1.16	$1.00	41.3%	13.3%	26.9%	10.3%	0.0%	-3.6%	1.2%	279	-12.5K	-26	0.00	117.23	0	0	160	0
2013-03-05	$1.16	$1.00	54.4%	13.2%	26.6%	17.9%	0.0%	-2.4%	1.3%	280	-12.8K	-26	0.40	117.35	50	20	160	0
2013-03-06	$1.16	$1.00	56.6%	11.6%	26.3%	19.2%	0.0%	13.8%	9.3%	274	-13.8K	-44	0.00	119.83	0	0	210	20
2013-03-07	$1.14	$1.00	60.1%	10.4%	24.8%	21.2%	0.0%	1.9%	10.1%	298	-13.6K	-42	0.00	120.08	0	0	210	20
2013-03-08	$1.16	$1.00	59.7%	10.4%	25.7%	21.0%	0.0%	1.2%	10.0%	272	-14.3K	-42	0.00	120.05	0	0	210	20
2013-03-11	$1.16	$1.00	74.9%	10.5%	25.6%	29.8%	0.0%	2.2%	9.2%	280	-14.1K	-41	0.00	120.36	0	0	210	20
2013-03-12	$1.16	$1.00	113.7%	10.5%	25.8%	52.4%	0.0%	2.6%	-3.0%	292	-14.7K	-40	0.00	120.30	0	0	210	20
2013-03-13	$1.16	$1.00	91.9%	10.4%	25.4%	39.7%	0.0%	3.1%	9.6%	264	-14.6K	-40	0.00	120.70	0	0	210	20
2013-03-14	$1.16	$1.00	37.5%	10.7%	25.2%	8.1%	0.0%	2.9%	8.5%	350	-13.9K	-39	0.00	120.43	0	0	210	20
2013-03-15	$1.17	$1.00	36.5%	10.5%	25.4%	7.5%	0.0%	2.2%	9.5%	336	-14.3K	-39	0.00	120.73	100	0	210	20
2013-03-18	$1.17	$1.00	30.9%	8.9%	25.3%	4.2%	0.0%	-1.4%	18.8%	412	-20.4K	-52	0.00	121.07	0	0	270	0
2013-03-19	$1.19	$1.00	29.2%	8.4%	26.1%	3.3%	0.0%	15.9%	22.8%	378	-21.7K	-52	0.00	121.95	0	0	270	0
2013-03-20	$1.21	$1.00	36.1%	10.3%	26.4%	7.2%	0.0%	-0.2%	6.6%	407	-22.4K	-50	0.00	107.41	0	0	270	0
2013-03-21	$1.19	$1.00	30.9%	8.9%	19.8%	4.2%	0.0%	-1.4%	21.1%	393	-21.0K	-51	0.00	121.70	0	0	270	0
2013-03-22	$1.17	$1.00	32.7%	9.4%	20.1%	5.3%	0.0%	17.0%	16.6%	417	-20.1K	-51	0.00	121.25	0	0	270	0
2013-03-25	$1.17	$1.00	33.4%	9.6%	20.1%	5.7%	0.0%	17.2%	15.0%	419	-20.1K	-51	0.00	121.59	0	0	270	0
2013-03-26	$1.14	$1.00	37.0%	10.6%	21.5%	7.8%	0.0%	1.6%	1.6%	470	-18.2K	-50	0.00	121.09	0	0	270	0
2013-03-27	$1.16	$1.00	26.3%	7.5%	22.4%	2.9%	0.0%	9.8%	12.8%	379	-19.7K	-48	0.00	134.50	0	0	270	0
2013-03-28	$1.13	$1.00	39.0%	11.2%	23.6%	16.6%	0.0%	8.7%	-1.0%	488	-17.7K	-51	0.00	121.25	0	0	270	0