SMCI Options History — April 2018

In April 2018, SMCI traded between $1.64 and $1.83. ATM implied volatility averaged 59.7%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 27.1% (HV 20d: 32.6%). Max pain ranged from $1.50 to $2.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2018-04-03: Highest Volume — 9,250 contracts
  • 2018-04-10: Largest IV drop — 12.9% change
  • 2018-04-02: Highest IV Rank — 62.4%
  • 2018-04-02: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.73$1.64$1.83$1.64$1.77
Max Pain$1.74$1.50$2.00$2.00$2.00
ATM IV59.7%53.7%67.0%67.0%63.8%
Expected Move17.1%16.2%19.2%19.2%18.3%
HV 20d32.6%29.0%35.7%35.4%29.6%
HV 60d44.0%40.2%45.6%44.6%40.5%
IV Rank52.9%45.3%62.4%62.4%58.2%
IV Percentile88.8%79.0%97.6%97.6%93.3%
Term Structure-7.3%-11.7%-1.3%-10.6%-11.7%
VWIV59.0%52.9%67.8%67.8%52.9%
Skew 25d7.2%1.4%21.2%21.2%9.1%
Skew 10d13.2%-0.6%39.0%39.0%22.5%
Call IV 25d57.0%51.3%67.9%53.1%59.9%
Put IV 25d64.2%58.7%74.3%74.3%69.0%
Bid-Ask Spread %27.0114.5062.4037.3914.50
Gamma HHI0.400.260.700.260.50
Net GEX4.1K-106.4K32.0K-4.1K25.8K
Net DEX-399.8K-1.3M303.2K303.2K-720.3K
Net VEX-6.8K-7.6K-6.2K-6.2K-6.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.350.910.350.54
Total Volume6,706.194,8209,2507,4504,940
Total OI40,360.47624,52047,43039,86031,340

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$1.64$2.0067.0%19.2%35.4%62.4%67.8%21.2%-10.6%-4.1K303.2K-6.2K0.3537.395,5101,94025,60014,260
2018-04-03$1.66$2.0064.6%18.5%32.8%59.2%65.6%1.4%-1.3%-4.4K241.9K-6.8K0.3962.406,6502,60026,38014,750
2018-04-04$1.68$1.7561.3%17.6%31.7%55.0%65.2%5.7%-4.8%4.2K76.7K-7.6K0.6157.124,5902,81028,95015,840
2018-04-05$1.67$1.5064.0%16.7%31.0%58.6%62.1%5.2%-4.8%4.5K107.5K-7.5K0.6516.904,4402,90029,45015,870
2018-04-06$1.66$1.5062.1%16.7%31.0%56.0%60.4%1.8%-8.6%2.7K197.2K-7.2K0.6749.134,3102,90029,60015,970
2018-04-09$1.65$1.5061.7%17.9%29.0%55.5%64.5%6.9%-5.3%730247.4K-6.8K0.5018.063,8201,91029,60015,890
2018-04-10$1.71$1.5053.7%17.3%33.1%45.3%64.2%5.3%-6.9%3.4K-67.6K-7.1K0.4317.794,5301,97029,90016,120
2018-04-11$1.72$1.5059.5%17.1%33.3%52.7%61.4%5.1%-6.2%-1.9K-123.7K-7.0K0.4924.164,6502,30029,26016,070
2018-04-12$1.75$1.5059.4%17.0%34.3%52.5%58.3%7.0%-6.3%-7.5K-346.8K-7.1K0.5519.284,7302,61028,43015,770
2018-04-13$1.73$1.7558.8%16.8%34.4%51.8%57.9%7.6%-7.4%-2.3K-185.9K-6.9K0.5318.715,1802,77030,52016,130
2018-04-16$1.76$1.7557.1%16.4%35.7%49.6%59.0%2.6%-9.0%7.3K-527.0K-6.7K0.7530.504,1503,13031,52015,910
2018-04-17$1.83$1.7556.9%16.3%34.5%49.5%55.7%6.7%-8.7%25.7K-1.3M-6.5K0.8415.263,7703,15031,72015,620
2018-04-18$1.81$1.7557.1%16.4%34.7%49.6%55.5%7.6%-9.2%5.2K-872.5K-6.6K0.7314.503,5602,59030,90015,620
2018-04-19$1.79$1.7556.6%16.2%33.9%49.0%55.8%8.0%-8.9%-516-702.3K-6.6K0.5959.273,5802,11031,08015,750
2018-04-20$1.74$1.7556.4%16.2%33.4%48.7%54.8%8.3%-6.8%-106.4K-292.8K-6.2K0.8126.402,9602,41031,14015,590
2018-04-23$1.74$1.7556.9%16.3%32.3%49.4%54.5%7.2%-8.4%20.2K-769.4K-6.2K0.4519.893,3201,50017,4107,110
2018-04-24$1.76$1.7559.2%17.0%32.4%52.3%54.6%10.3%-7.3%23.7K-858.0K-6.3K0.3516.145,0401,74018,0707,110
2018-04-25$1.76$1.7558.1%16.7%30.0%51.0%57.3%8.2%-7.1%31.2K-950.3K-6.8K0.6015.445,0403,00020,4907,700
2018-04-26$1.77$2.0058.7%16.8%30.0%51.7%55.9%8.1%-6.1%27.2K-783.3K-6.9K0.9116.203,0702,79020,5008,860
2018-04-27$1.82$2.0060.1%17.2%31.0%53.6%55.4%8.0%-9.0%32.0K-1.0M-7.1K0.6218.203,6202,24020,8608,910
2018-04-30$1.77$2.0063.8%18.3%29.6%58.2%52.9%9.1%-11.7%25.8K-720.3K-6.9K0.5414.503,2001,74021,5109,830