SMCI Options History — January 2018

In January 2018, SMCI traded between $2.12 and $2.46. ATM implied volatility averaged 54.5%, placing in the 86.8% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 29.1% (HV 20d: 25.4%). Max pain ranged from $2.00 to $2.25. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.65.

Notable Days

  • 2018-01-12: Highest Volume — 24,430 contracts
  • 2018-01-31: Largest IV drop — 41.8% change
  • 2018-01-19: Highest IV Rank — 100.0%
  • 2018-01-30: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.23$2.12$2.46$2.14$2.28
Max Pain$2.17$2.00$2.25$2.25$2.25
ATM IV54.5%38.1%65.5%45.9%38.1%
Expected Move15.5%10.9%18.8%13.2%10.9%
HV 20d25.4%18.4%44.8%19.2%44.8%
HV 60d27.5%26.1%32.3%26.1%32.3%
IV Rank86.8%41.8%100.0%67.3%41.8%
IV Percentile93.8%47.2%100.0%82.5%47.2%
Term Structure-7.3%-17.4%1.1%1.1%-0.4%
VWIV57.2%38.6%71.8%47.5%38.6%
Skew 25d8.4%-0.7%30.0%9.5%6.7%
Skew 10d22.9%3.3%48.8%13.0%9.7%
Call IV 25d51.0%37.2%62.3%40.0%37.2%
Put IV 25d59.4%43.9%75.3%49.5%43.9%
Bid-Ask Spread %49.8320.6267.3133.6467.31
Gamma HHI0.380.280.560.450.32
Net GEX19.4K-51.9K93.1K63.2K-51.9K
Net DEX-535.1K-2.1M2.8M-655.5K-227.2K
Net VEX-8.9K-10.0K-7.8K-8.1K-8.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.348.181.038.18
Total Volume8,7302,94024,4304,86014,870
Total OI53,138.09532,95078,43054,31044,420

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$2.14$2.2545.9%13.2%19.2%67.3%47.5%9.5%1.1%63.2K-655.5K-8.1K1.0333.642,3902,47038,69015,620
2018-01-03$2.15$2.2548.3%13.9%19.1%73.2%49.5%13.0%0.3%73.3K-806.3K-8.2K1.3137.571,2701,67038,68015,510
2018-01-04$2.17$2.0049.0%14.2%18.8%74.9%51.3%1.4%-2.8%78.3K-905.3K-8.1K0.3650.684,3101,54038,75015,420
2018-01-05$2.17$2.0053.0%14.3%18.4%84.7%50.9%-0.1%-3.2%89.1K-1.2M-9.6K0.4320.624,0501,73041,30015,420
2018-01-08$2.17$2.0058.1%14.9%18.4%97.2%52.0%3.6%-4.5%93.1K-1.3M-9.2K0.3447.004,3601,48041,20015,460
2018-01-09$2.12$2.0053.0%15.1%20.3%84.6%53.5%-0.7%-6.1%55.1K-661.9K-7.9K0.4647.054,0401,85041,16015,470
2018-01-10$2.13$2.0051.4%14.7%20.1%80.8%52.3%2.8%-4.8%52.8K-659.2K-8.0K0.4650.774,4102,02041,15016,090
2018-01-11$2.17$2.0048.4%13.9%21.6%73.4%52.6%5.3%-3.0%57.0K-891.4K-7.8K0.3456.986,0602,08041,15016,080
2018-01-12$2.15$2.0053.8%15.4%21.8%86.5%55.6%4.2%-6.7%80.0K-1.1M-8.9K2.2765.537,47016,96040,64016,520
2018-01-16$2.15$2.2556.2%16.1%21.1%92.5%57.8%8.6%-9.7%-5.9K423.8K-9.6K0.4346.945,6602,46040,80030,000
2018-01-17$2.17$2.2556.4%16.2%20.7%93.1%58.5%7.6%-10.7%-25.7K552.7K-8.9K2.5260.544,71011,87039,98030,240
2018-01-18$2.15$2.2554.3%15.6%20.8%87.8%55.6%4.1%-7.4%-12.2K2.8M-7.8K1.0564.595,5905,86040,41037,030
2018-01-19$2.28$2.2559.4%17.0%29.7%100.0%59.6%10.9%-14.7%775-2.1M-8.3K2.1366.327,26015,46041,01037,420
2018-01-22$2.33$2.2557.6%16.5%29.3%95.8%65.6%16.3%-10.4%-16.8K-512.5K-9.1K2.9950.371,9205,75013,18019,770
2018-01-23$2.29$2.2558.7%16.8%29.7%98.5%59.7%9.3%-12.1%-22.6K-319.0K-9.6K1.0761.721,4901,59014,26021,480
2018-01-24$2.27$2.2558.7%16.8%29.1%98.4%63.5%5.5%-8.2%-23.0K-234.9K-9.4K1.7926.861,7903,20014,44021,720
2018-01-25$2.26$2.2558.8%16.9%28.8%98.7%68.9%7.0%-10.3%-27.1K-128.3K-9.9K2.2946.821,6003,66015,42024,070
2018-01-26$2.38$2.2557.0%16.3%33.8%94.2%69.1%19.2%-8.3%-17.7K-815.3K-10.0K1.7351.481,5902,75015,55025,750
2018-01-29$2.45$2.2563.8%18.3%34.6%100.0%71.8%30.0%-13.8%-14.2K-1.2M-9.5K1.8348.892,5704,70015,33026,520
2018-01-30$2.46$2.2565.5%18.8%34.2%100.0%68.1%11.9%-17.4%-18.0K-1.2M-9.5K1.6044.742,6204,20015,38027,410
2018-01-31$2.28$2.2538.1%10.9%44.8%41.8%38.6%6.7%-0.4%-51.9K-227.2K-8.6K8.1867.311,62013,25016,12028,300