SMCI Options History — April 2017

In April 2017, SMCI traded between $2.43 and $2.50. ATM implied volatility averaged 44.8%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 23.5% (HV 20d: 21.3%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.94.

Notable Days

2017-04-17: Highest Volume — 28,470 contracts
2017-04-28: Largest IV drop — 14.3% change
2017-04-27: Highest IV Rank — 53.0%
2017-04-27: Largest Expected Move — 14.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.47	$2.43	$2.50	$2.50	$2.44
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	44.8%	39.4%	50.8%	42.9%	43.5%
Expected Move	12.9%	11.3%	14.6%	12.3%	12.5%
HV 20d	21.3%	17.4%	23.8%	23.6%	17.7%
HV 60d	29.3%	23.0%	31.3%	31.2%	23.0%
IV Rank	39.0%	26.4%	53.0%	34.6%	36.1%
IV Percentile	69.2%	46.0%	89.3%	64.3%	67.9%
Term Structure	-5.9%	-12.1%	3.1%	-2.0%	-2.4%
VWIV	47.1%	40.5%	54.5%	46.3%	44.7%
Skew 25d	8.3%	-2.0%	15.7%	8.8%	0.7%
Skew 10d	19.0%	2.5%	40.0%	4.8%	15.4%
Call IV 25d	42.2%	33.6%	52.7%	39.4%	39.9%
Put IV 25d	50.5%	40.6%	56.1%	48.2%	40.6%
Bid-Ask Spread %	81.48	72.28	92.43	72.28	92.43
Gamma HHI	0.37	0.25	0.61	0.26	0.36
Net GEX	-34.9K	-213.9K	10.1K	10.1K	-19.3K
Net DEX	195.1K	-250.9K	897.2K	-216.6K	312.0K
Net VEX	-4.4K	-5.6K	-3.7K	-4.4K	-4.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.94	0.57	8.43	0.62	2.53
Total Volume	8,328.421	2,830	28,470	5,490	7,230
Total OI	21,537.895	13,200	41,080	15,430	16,790

Daily Data (19 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
2017-04-03	$2.50	$2.50	42.9%	12.3%	23.6%	34.6%	46.3%	8.8%	-2.0%	10.1K	-216.6K	-4.4K	0.62	72.28	3,380	2,110	9,330	6,100
2017-04-04	$2.48	$2.50	41.8%	12.0%	23.7%	32.0%	42.3%	6.1%	-0.8%	9.7K	-250.9K	-4.4K	0.67	74.30	3,380	2,270	9,330	5,930
2017-04-05	$2.47	$2.50	39.4%	11.3%	22.8%	26.4%	42.4%	6.3%	3.1%	8.3K	-172.6K	-4.1K	0.76	86.12	2,990	2,270	9,330	6,090
2017-04-06	$2.46	$2.50	40.2%	11.7%	22.8%	28.4%	40.5%	13.5%	-3.4%	7.4K	-155.6K	-4.3K	0.84	83.48	3,040	2,560	9,240	5,970
2017-04-07	$2.47	$2.50	40.6%	11.6%	22.0%	29.2%	41.2%	13.7%	-4.2%	7.3K	-132.7K	-4.2K	0.88	85.30	2,900	2,560	9,240	6,300
2017-04-10	$2.45	$2.50	39.5%	12.3%	22.0%	26.6%	43.1%	13.0%	-5.8%	6.1K	-118.2K	-4.2K	2.50	78.32	2,890	7,220	9,220	6,300
2017-04-11	$2.48	$2.50	43.7%	12.3%	22.4%	36.4%	42.7%	3.3%	-5.2%	-58.6K	464.0K	-4.9K	2.32	76.65	3,120	7,230	9,270	11,060
2017-04-12	$2.45	$2.50	42.6%	12.2%	22.5%	33.8%	42.6%	13.3%	-4.9%	-64.7K	580.8K	-4.9K	2.32	79.23	3,120	7,230	9,630	11,060
2017-04-13	$2.44	$2.50	44.3%	12.7%	22.3%	37.9%	48.8%	14.8%	-6.6%	-52.5K	652.3K	-4.8K	7.84	82.48	3,020	23,680	9,630	11,060
2017-04-17	$2.49	$2.50	46.0%	13.2%	23.8%	41.8%	52.1%	15.7%	-7.6%	-213.9K	897.2K	-5.6K	8.43	86.91	3,020	25,450	9,930	31,150
2017-04-18	$2.44	$2.50	47.8%	13.7%	23.2%	45.9%	52.0%	0.7%	-9.7%	-120.4K	670.2K	-5.2K	1.54	84.83	2,990	4,600	10,300	25,480
2017-04-19	$2.44	$2.50	47.6%	13.7%	20.3%	45.6%	49.8%	14.0%	-9.5%	-127.4K	486.6K	-4.6K	0.99	79.74	2,770	2,750	9,990	25,480
2017-04-20	$2.48	$2.50	47.7%	13.7%	20.4%	45.7%	51.8%	9.7%	-9.1%	-55.3K	87.3K	-4.3K	0.76	82.99	2,770	2,110	10,140	25,580
2017-04-21	$2.47	$2.50	49.1%	14.1%	19.8%	49.0%	50.9%	-2.0%	-12.1%	818	309.7K	-4.2K	0.76	88.28	2,820	2,130	10,140	25,660
2017-04-24	$2.48	$2.50	48.4%	13.9%	19.9%	47.4%	51.2%	4.8%	-4.9%	2.5K	38.5K	-4.0K	0.57	80.92	2,160	1,230	7,320	5,880
2017-04-25	$2.48	$2.50	47.9%	13.7%	19.4%	46.3%	48.5%	3.5%	-8.4%	1.0K	31.7K	-3.8K	0.65	77.55	1,900	1,230	7,480	6,220
2017-04-26	$2.47	$2.50	47.5%	13.6%	19.1%	45.3%	50.2%	4.4%	-8.7%	-1.2K	69.6K	-3.7K	0.58	76.53	1,790	1,040	7,520	6,220
2017-04-27	$2.43	$2.50	50.8%	14.6%	17.4%	53.0%	54.5%	13.5%	-10.2%	-3.6K	154.3K	-3.8K	1.32	79.79	2,280	3,000	7,530	6,320
2017-04-28	$2.44	$2.50	43.5%	12.5%	17.7%	36.1%	44.7%	0.7%	-2.4%	-19.3K	312.0K	-4.1K	2.53	92.43	2,050	5,180	8,040	8,750