SMCI Options History — May 2013

In May 2013, SMCI traded between $0.94 and $1.08. ATM implied volatility averaged 52.7%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 15.0% (HV 20d: 37.7%). Max pain ranged from $1.50 to $1.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2013-05-06: Highest Volume — 500 contracts
2013-05-16: Largest IV drop — 44.2% change
2013-05-15: Highest IV Rank — 68.2%
2013-05-02: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.02	$0.94	$1.08	$0.94	$1.03
Max Pain	$1.50	$1.50	$1.50	$1.50	$1.50
ATM IV	52.7%	37.6%	87.0%	52.0%	44.8%
Expected Move	13.6%	10.8%	15.1%	14.9%	12.8%
HV 20d	37.7%	30.9%	43.8%	41.3%	34.2%
HV 60d	33.4%	31.4%	34.7%	31.4%	34.7%
IV Rank	31.4%	15.1%	68.2%	30.6%	22.8%
IV Percentile	73.2%	39.7%	97.2%	84.9%	53.2%
Term Structure	1.5%	-3.1%	10.6%	-1.9%	0.6%
Skew 25d	8.0%	0.2%	25.4%	13.7%	10.7%
Skew 10d	14.8%	1.0%	49.6%	7.4%	16.1%
Call IV 25d	45.9%	30.0%	61.3%	57.1%	36.2%
Put IV 25d	54.0%	41.7%	70.8%	70.8%	46.9%
Bid-Ask Spread %	104.53	49.60	134.67	122.70	51.76
Gamma HHI	0.86	0.58	0.96	0.86	0.58
Net GEX	781	246	1.1K	246	640
Net DEX	-18.2K	-31.1K	-2.8K	-2.8K	-10.3K
Net VEX	-157	-254	-38	-38	-240
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	48.636	0	500	0	0
Total OI	813.636	340	1,250	340	1,230

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
2013-05-01	$0.94	$1.50	52.0%	14.9%	41.3%	30.6%	0.0%	13.7%	-1.9%	246	-2.8K	-38	122.70	0	0	300	40
2013-05-02	$0.96	$1.50	52.7%	15.1%	41.7%	31.3%	0.0%	9.2%	-1.1%	268	-3.6K	-41	125.10	0	0	300	40
2013-05-03	$1.00	$1.50	49.4%	14.2%	43.7%	27.8%	0.0%	9.5%	0.6%	308	-4.8K	-47	134.67	0	0	300	40
2013-05-06	$0.99	$0.00	53.8%	14.1%	43.6%	32.5%	0.0%	4.8%	1.0%	295	-4.4K	-44	118.03	500	0	300	40
2013-05-07	$0.97	$0.00	56.2%	14.7%	43.8%	35.1%	0.0%	3.0%	-2.2%	771	-17.3K	-150	116.00	0	0	800	40
2013-05-08	$0.98	$0.00	57.1%	14.4%	42.6%	36.1%	0.0%	3.6%	-2.1%	786	-17.9K	-151	116.67	0	0	800	40
2013-05-09	$0.97	$0.00	58.0%	14.4%	42.5%	37.1%	0.0%	3.5%	-0.4%	769	-17.4K	-150	117.21	0	0	800	40
2013-05-10	$1.00	$0.00	57.0%	14.1%	43.7%	35.9%	0.0%	6.5%	0.5%	850	-20.4K	-165	118.84	0	0	800	40
2013-05-13	$1.01	$0.00	72.0%	14.6%	41.0%	52.1%	0.0%	6.7%	-0.2%	852	-20.5K	-163	118.84	0	0	800	40
2013-05-14	$1.03	$0.00	75.2%	14.8%	37.3%	55.6%	0.0%	10.0%	-3.1%	920	-23.0K	-171	117.16	0	0	800	40
2013-05-15	$1.03	$0.00	87.0%	13.9%	35.1%	68.2%	0.0%	8.2%	0.5%	919	-23.0K	-171	119.21	0	0	800	40
2013-05-16	$1.04	$0.00	48.5%	13.9%	35.0%	26.9%	0.0%	9.2%	1.0%	978	-24.8K	-174	120.09	0	0	800	40
2013-05-17	$1.08	$0.00	41.7%	11.9%	36.1%	19.5%	0.0%	1.3%	5.9%	1.1K	-28.1K	-182	121.31	0	0	800	40
2013-05-20	$1.07	$0.00	42.7%	12.3%	36.1%	20.6%	0.0%	1.2%	6.0%	1.1K	-31.1K	-181	121.60	0	0	800	0
2013-05-21	$1.03	$0.00	49.4%	14.2%	38.1%	27.8%	0.0%	7.8%	-0.1%	1.0K	-26.5K	-167	121.12	0	0	800	0
2013-05-22	$1.03	$0.00	49.7%	14.2%	33.0%	28.1%	0.0%	8.7%	-0.8%	983	-24.9K	-155	118.63	0	0	800	0
2013-05-23	$1.02	$0.00	50.6%	14.5%	31.0%	29.1%	0.0%	1.7%	-0.6%	989	-25.0K	-156	118.72	0	0	800	0
2013-05-24	$1.02	$0.00	44.3%	12.7%	30.9%	22.3%	0.0%	25.4%	1.0%	1.0K	-22.0K	-143	49.98	0	450	800	0
2013-05-28	$1.07	$0.00	41.3%	11.9%	33.6%	19.1%	0.0%	20.5%	7.5%	783	-17.4K	-254	52.08	0	0	800	450
2013-05-29	$1.06	$0.00	38.5%	11.0%	33.4%	16.0%	0.0%	0.2%	10.6%	773	-16.5K	-252	50.34	0	0	800	450
2013-05-30	$1.07	$0.00	37.6%	10.8%	31.9%	15.1%	0.0%	11.2%	10.4%	815	-17.6K	-254	49.60	120	0	800	450
2013-05-31	$1.03	$0.00	44.8%	12.8%	34.2%	22.8%	0.0%	10.7%	0.6%	640	-10.3K	-240	51.76	0	0	780	450