SMCI Options History — July 2017

In July 2017, SMCI traded between $2.40 and $2.73. ATM implied volatility averaged 42.2%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 13.8% (HV 20d: 28.4%). Max pain ranged from $2.25 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.01.

Notable Days

  • 2017-07-21: Highest Volume — 6,540 contracts
  • 2017-07-12: Largest IV spike — 33.3% change
  • 2017-07-31: Highest IV Rank — 64.8%
  • 2017-07-31: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.58$2.40$2.73$2.44$2.69
Max Pain$2.36$2.25$2.50$2.50$2.50
ATM IV42.2%25.7%53.7%33.2%53.7%
Expected Move12.6%8.2%15.4%9.5%15.4%
HV 20d28.4%20.0%38.5%22.5%37.9%
HV 60d24.2%21.2%28.7%21.2%27.8%
IV Rank37.8%0.0%64.8%15.0%64.8%
IV Percentile62.6%0.0%97.6%24.2%97.6%
Term Structure-6.0%-12.4%11.4%5.5%-12.4%
VWIV42.4%31.8%53.4%33.6%38.7%
Skew 25d10.9%3.3%20.7%3.3%20.7%
Skew 10d19.5%-1.7%39.6%4.1%12.6%
Call IV 25d36.0%26.7%45.6%32.0%32.5%
Put IV 25d46.9%35.3%53.2%35.3%53.2%
Bid-Ask Spread %44.0522.7885.0335.4544.91
Gamma HHI0.340.210.490.290.32
Net GEX14.6K45329.3K2.6K18.0K
Net DEX-455.9K-1.1M144.4K32.5K-729.8K
Net VEX-3.2K-5.2K-2.0K-2.2K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.382.871.341.07
Total Volume3,6661,8706,5401,8703,730
Total OI15,24612,62021,07012,65016,830

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-07-03$2.44$2.5033.2%9.5%22.5%15.0%33.6%3.3%5.5%2.6K32.5K-2.2K1.3435.458001,0708,1304,520
2017-07-05$2.43$2.5028.6%8.2%22.4%4.1%31.8%8.2%11.4%2.3K74.2K-2.0K1.2243.208901,0908,1304,520
2017-07-06$2.40$2.2525.7%11.3%22.2%0.0%47.4%11.9%-3.4%453144.4K-2.0K1.2872.478501,0908,0804,540
2017-07-07$2.44$2.2532.8%11.2%20.2%16.6%42.0%15.7%-5.4%1.6K80.2K-2.0K0.5842.441,8801,0908,0904,540
2017-07-10$2.44$2.2537.2%11.5%20.0%26.6%42.3%15.9%-5.6%7.2K-36.8K-2.3K0.5755.451,8801,0808,7904,540
2017-07-11$2.46$2.2530.8%11.6%20.2%11.8%42.7%13.9%-6.4%12.9K-102.8K-2.3K0.5755.231,8801,0809,0804,550
2017-07-12$2.57$2.2541.0%11.8%24.6%35.5%42.3%19.3%-6.0%16.8K-356.3K-2.4K1.2057.891,2601,5109,0804,550
2017-07-13$2.63$2.2543.1%12.4%25.4%40.4%42.7%7.4%-4.7%17.9K-560.0K-2.6K0.5929.302,6801,5809,5104,720
2017-07-14$2.69$2.2544.8%12.8%25.5%44.2%42.2%7.0%-5.5%22.3K-699.5K-3.2K0.3840.282,6901,01010,8804,870
2017-07-17$2.65$2.2545.1%12.9%26.1%44.8%43.9%10.1%-8.2%27.0K-814.3K-3.3K0.4933.221,98098012,1104,910
2017-07-18$2.64$2.2544.8%12.9%25.6%44.3%41.9%7.0%-8.1%28.3K-894.9K-3.3K0.5225.281,9301,00012,7205,050
2017-07-19$2.65$2.2546.3%13.3%25.4%47.7%44.5%7.4%-7.3%28.7K-927.1K-3.5K0.5227.551,9101,00012,7305,220
2017-07-20$2.73$2.2546.1%13.2%25.6%47.1%41.5%4.6%-10.2%29.3K-1.1M-3.5K2.8722.781,4904,28012,7705,290
2017-07-21$2.56$2.5047.1%13.5%35.2%49.6%47.1%8.4%-10.4%24.6K-719.4K-3.4K1.4936.492,6303,91012,7408,330
2017-07-24$2.52$2.5047.6%13.6%35.1%50.6%48.6%5.6%-8.3%3.3K-89.1K-3.5K2.0727.321,9003,9307,9105,180
2017-07-25$2.65$2.5048.6%13.9%38.5%52.9%51.9%18.5%-8.1%5.0K-404.0K-3.9K0.7732.542,3901,8308,1306,150
2017-07-26$2.67$2.5048.0%13.8%38.3%51.6%53.4%6.4%-6.7%7.6K-487.2K-3.9K0.4685.033,9901,8408,4106,120
2017-07-27$2.71$2.5049.6%14.2%38.3%55.4%33.7%9.3%-9.8%18.3K-793.7K-5.2K1.0768.121,7101,83010,3306,150
2017-07-28$2.69$2.5049.1%14.1%38.3%54.1%34.9%18.2%-9.9%18.6K-744.9K-5.2K1.1246.121,7201,93010,5706,150
2017-07-31$2.69$2.5053.7%15.4%37.9%64.8%38.7%20.7%-12.4%18.0K-729.8K-4.9K1.0744.911,8001,93010,5806,250