SMCI Options History — April 2013

In April 2013, SMCI traded between $0.95 and $1.08. ATM implied volatility averaged 50.8%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 16.9% (HV 20d: 33.9%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2013-04-11: Highest Volume — 110 contracts
2013-04-24: Largest IV drop — 16.9% change
2013-04-10: Highest IV Rank — 35.3%
2013-04-23: Largest Expected Move — 16.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.01	$0.95	$1.08	$1.08	$0.96
Max Pain	$1.38	$1.00	$1.50	$1.00	$1.50
ATM IV	50.8%	46.6%	56.3%	48.2%	49.6%
Expected Move	14.4%	13.4%	16.1%	13.8%	14.2%
HV 20d	33.9%	24.0%	44.0%	25.9%	41.7%
HV 60d	39.2%	28.9%	46.2%	43.5%	31.3%
IV Rank	29.3%	24.8%	35.3%	26.5%	28.0%
IV Percentile	80.3%	63.9%	92.5%	73.8%	75.0%
Term Structure	-0.8%	-10.4%	4.0%	-10.4%	0.4%
VWIV	63.8%	49.2%	78.4%	49.2%	78.4%
Skew 25d	6.6%	-6.0%	9.6%	0.8%	8.1%
Skew 10d	9.5%	3.7%	15.5%	9.4%	6.8%
Call IV 25d	50.3%	39.2%	58.1%	39.2%	58.1%
Put IV 25d	56.9%	40.0%	66.2%	40.0%	66.2%
Bid-Ask Spread %	119.85	83.93	126.09	122.43	125.06
Gamma HHI	0.67	0.50	0.96	0.50	0.89
Net GEX	498	156	698	537	268
Net DEX	-8.0K	-15.0K	-1.0K	-15.0K	-3.6K
Net VEX	-41	-47	-31	-47	-42
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	16.364	0	110	0	0
Total OI	296.818	220	340	270	340

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	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-04-01	$1.08	$1.00	48.2%	13.8%	25.9%	26.5%	0.0%	0.8%	-10.4%	537	-15.0K	-47	122.43	0	0	270	0
2013-04-02	$1.07	$1.00	49.4%	14.2%	24.0%	27.7%	0.0%	2.5%	-1.5%	553	-14.1K	-45	123.03	0	0	270	0
2013-04-03	$1.04	$1.00	47.5%	13.6%	25.3%	25.7%	0.0%	9.1%	1.5%	580	-12.3K	-44	125.77	0	0	270	0
2013-04-04	$1.06	$1.00	50.3%	14.4%	26.8%	28.7%	0.0%	8.5%	-2.1%	566	-13.6K	-45	123.56	0	0	270	0
2013-04-05	$1.03	$0.00	49.5%	14.5%	27.9%	28.0%	0.0%	9.1%	-1.8%	591	-11.7K	-42	116.55	0	0	270	0
2013-04-08	$1.01	$0.00	53.0%	14.5%	27.2%	31.7%	0.0%	-6.0%	-0.0%	606	-10.5K	-41	83.93	0	0	270	0
2013-04-09	$1.01	$0.00	55.5%	14.7%	27.2%	34.3%	0.0%	7.8%	-1.7%	609	-10.4K	-39	117.16	0	0	270	0
2013-04-10	$1.04	$0.00	56.3%	14.2%	29.5%	35.3%	0.0%	8.9%	-0.7%	614	-12.1K	-40	118.71	0	0	270	0
2013-04-11	$1.03	$0.00	50.5%	14.5%	29.3%	28.9%	0.0%	9.4%	-0.1%	626	-11.8K	-40	118.60	110	0	270	0
2013-04-12	$1.01	$0.00	49.2%	14.1%	29.6%	27.6%	49.2%	7.0%	-0.1%	698	-11.4K	-42	120.72	0	40	290	0
2013-04-15	$0.97	$1.50	51.6%	14.8%	31.5%	30.2%	0.0%	4.8%	-0.9%	577	-5.0K	-38	119.27	0	0	290	40
2013-04-16	$1.02	$1.50	51.2%	14.7%	38.3%	29.7%	0.0%	7.9%	-1.5%	667	-8.9K	-43	119.73	20	0	290	40
2013-04-17	$0.99	$1.50	51.7%	14.8%	38.5%	30.3%	0.0%	6.5%	-2.0%	685	-6.1K	-38	121.39	50	0	290	40
2013-04-18	$0.98	$1.50	52.2%	15.0%	37.7%	30.8%	0.0%	5.7%	-2.0%	666	-5.3K	-36	118.71	0	0	290	40
2013-04-19	$0.97	$1.50	53.6%	15.4%	37.7%	32.4%	0.0%	4.8%	-4.6%	694	-4.7K	-33	119.32	0	0	290	40
2013-04-22	$0.97	$1.50	48.8%	14.0%	37.7%	27.1%	0.0%	7.9%	4.0%	156	-1.0K	-31	124.29	20	0	180	40
2013-04-23	$1.00	$1.50	56.1%	16.1%	39.6%	35.0%	0.0%	8.7%	-5.0%	179	-3.2K	-36	119.56	100	0	200	40
2013-04-24	$0.95	$1.50	46.6%	13.4%	42.1%	24.8%	0.0%	7.5%	3.2%	252	-3.3K	-43	122.61	0	0	300	40
2013-04-25	$0.98	$1.50	48.2%	13.8%	44.0%	26.5%	78.4%	8.0%	3.0%	283	-4.5K	-47	126.09	0	20	300	40
2013-04-26	$0.98	$1.50	49.6%	14.2%	43.5%	28.1%	0.0%	9.6%	3.8%	283	-4.4K	-46	125.07	0	0	300	40
2013-04-29	$0.97	$1.50	49.8%	14.3%	41.7%	28.2%	0.0%	8.4%	1.4%	274	-4.1K	-44	125.20	0	0	300	40
2013-04-30	$0.96	$1.50	49.6%	14.2%	41.7%	28.0%	0.0%	8.1%	0.4%	268	-3.6K	-42	125.06	0	0	300	40