SMCI Options History — July 2013

In July 2013, SMCI traded between $1.08 and $1.24. ATM implied volatility averaged 43.5%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 17.1% (HV 20d: 26.4%). Max pain ranged from $1.00 to $1.25. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.01.

Notable Days

2013-07-16: Highest Volume — 700 contracts
2013-07-10: Largest IV spike — 17.7% change
2013-07-29: Highest IV Rank — 30.4%
2013-07-29: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.17	$1.08	$1.24	$1.08	$1.16
Max Pain	$1.20	$1.00	$1.25	$1.00	$1.25
ATM IV	43.5%	33.1%	52.8%	37.0%	45.3%
Expected Move	12.8%	10.6%	15.1%	10.6%	13.0%
HV 20d	26.4%	17.1%	34.7%	34.4%	23.5%
HV 60d	33.1%	29.7%	36.7%	36.7%	30.0%
IV Rank	20.6%	8.9%	30.4%	14.4%	22.2%
IV Percentile	49.4%	26.6%	82.9%	33.7%	48.4%
Term Structure	-3.8%	-15.4%	2.5%	2.5%	-7.9%
VWIV	48.1%	43.0%	54.4%	46.5%	54.4%
Skew 25d	6.3%	-1.3%	13.7%	1.8%	11.9%
Skew 10d	13.5%	-1.6%	27.8%	4.8%	17.3%
Call IV 25d	40.5%	34.0%	46.6%	46.6%	37.0%
Put IV 25d	46.8%	39.2%	52.1%	48.4%	49.0%
Bid-Ask Spread %	49.22	30.38	62.42	57.05	42.67
Gamma HHI	0.80	0.62	0.91	0.62	0.89
Net GEX	3.2K	782	5.8K	782	4.6K
Net DEX	-51.4K	-103.5K	-13.2K	-13.2K	-63.1K
Net VEX	-270	-442	-195	-203	-317
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.01	0.00	0.09	0.00	0.00
Total Volume	110.455	0	700	0	0
Total OI	1,723.636	1,230	2,570	1,230	2,260

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-07-01	$1.08	$1.00	37.0%	10.6%	34.4%	14.4%	0.0%	1.8%	2.5%	782	-13.2K	-203	0.00	57.05	0	0	780	450
2013-07-02	$1.10	$1.00	36.8%	10.6%	34.7%	14.2%	0.0%	4.0%	1.5%	887	-15.1K	-204	0.00	57.84	0	0	780	450
2013-07-03	$1.11	$1.00	40.2%	11.5%	33.7%	17.8%	0.0%	2.6%	-15.4%	1.1K	-18.3K	-207	0.00	30.38	0	0	780	450
2013-07-05	$1.14	$0.00	35.0%	12.1%	33.6%	12.3%	0.0%	6.2%	-3.4%	1.3K	-21.4K	-210	0.00	50.62	0	0	780	450
2013-07-08	$1.14	$0.00	36.2%	11.3%	33.5%	13.6%	0.0%	7.0%	-1.9%	1.3K	-22.6K	-204	0.00	54.52	0	0	780	450
2013-07-09	$1.16	$0.00	33.1%	12.8%	33.6%	8.9%	0.0%	10.5%	-2.1%	1.5K	-25.5K	-203	0.00	51.90	0	0	780	450
2013-07-10	$1.18	$0.00	39.0%	13.0%	33.2%	15.3%	0.0%	7.9%	-4.7%	1.8K	-28.0K	-205	0.00	57.91	40	0	780	450
2013-07-11	$1.17	$0.00	43.8%	12.6%	29.1%	20.6%	0.0%	9.1%	-0.9%	1.8K	-29.8K	-210	0.00	57.63	0	0	800	450
2013-07-12	$1.17	$0.00	45.6%	13.1%	28.0%	22.6%	0.0%	7.9%	-3.5%	1.6K	-27.4K	-204	0.00	53.68	0	0	800	450
2013-07-15	$1.19	$0.00	46.8%	13.4%	28.0%	23.9%	0.0%	4.4%	-5.7%	2.0K	-30.9K	-199	0.00	57.97	0	0	800	450
2013-07-16	$1.19	$0.00	46.2%	13.2%	24.7%	23.2%	46.5%	3.6%	-3.8%	2.1K	-32.2K	-195	0.00	54.33	700	0	800	450
2013-07-17	$1.17	$1.25	41.6%	11.9%	25.2%	18.3%	43.0%	5.1%	-0.9%	4.1K	-55.6K	-278	0.00	62.42	250	0	1,500	450
2013-07-18	$1.19	$1.25	46.4%	13.3%	25.5%	23.4%	0.0%	11.8%	-3.6%	5.3K	-75.0K	-318	0.00	56.87	0	0	1,750	450
2013-07-19	$1.19	$1.25	44.1%	12.7%	21.8%	21.0%	0.0%	11.0%	-1.8%	4.2K	-68.1K	-300	0.00	60.81	0	0	1,750	450
2013-07-22	$1.21	$1.25	48.4%	13.9%	22.6%	25.7%	48.3%	-1.3%	-4.5%	4.5K	-77.4K	-303	0.09	38.39	550	50	1,520	450
2013-07-23	$1.21	$1.25	47.9%	13.7%	18.1%	25.0%	0.0%	-0.4%	-3.5%	5.8K	-103.5K	-442	0.00	41.78	500	0	2,070	500
2013-07-24	$1.22	$1.25	48.3%	13.9%	18.0%	25.6%	0.0%	5.2%	-3.9%	5.0K	-89.6K	-359	0.00	42.97	0	0	1,720	500
2013-07-25	$1.24	$1.25	45.6%	13.1%	17.1%	22.5%	0.0%	3.5%	-2.1%	5.4K	-97.0K	-356	0.00	38.06	310	0	1,720	500
2013-07-26	$1.22	$1.25	46.9%	13.4%	19.5%	24.0%	0.0%	-0.0%	-3.2%	5.2K	-87.0K	-355	0.00	34.74	0	0	1,730	500
2013-07-29	$1.19	$1.25	52.8%	15.1%	22.0%	30.4%	54.4%	13.7%	-8.8%	4.8K	-74.8K	-332	0.00	38.95	30	0	1,730	500
2013-07-30	$1.19	$1.25	50.7%	14.5%	21.7%	28.1%	0.0%	12.7%	-6.6%	4.9K	-75.2K	-328	0.00	41.32	0	0	1,760	500
2013-07-31	$1.16	$1.25	45.3%	13.0%	23.5%	22.2%	0.0%	11.9%	-7.9%	4.6K	-63.1K	-317	0.00	42.67	0	0	1,760	500