SMCI Options History — May 2018

In May 2018, SMCI traded between $1.80 and $2.43. ATM implied volatility averaged 43.6%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 19.1% (HV 20d: 62.7%). Max pain ranged from $1.50 to $2.25. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2018-05-07: Highest Volume — 18,880 contracts
  • 2018-05-04: Largest IV drop — 41.2% change
  • 2018-05-02: Highest IV Rank — 61.3%
  • 2018-05-02: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.29$1.80$2.43$1.82$2.41
Max Pain$2.13$1.50$2.25$2.00$2.25
ATM IV43.6%35.8%66.1%62.9%39.4%
Expected Move12.3%10.3%19.0%18.0%11.3%
HV 20d62.7%30.5%69.9%30.7%65.7%
HV 60d46.8%34.8%50.4%36.9%47.0%
IV Rank32.3%22.3%61.3%57.2%27.0%
IV Percentile49.2%24.6%96.8%92.5%37.7%
Term Structure-1.8%-15.8%2.4%-10.4%-1.7%
VWIV43.4%36.6%70.3%58.7%42.4%
Skew 25d7.2%-2.1%10.8%9.1%-2.1%
Skew 10d15.6%-17.4%38.9%38.9%-17.4%
Call IV 25d38.4%32.0%62.8%62.7%45.1%
Put IV 25d45.6%37.1%71.8%71.8%43.0%
Bid-Ask Spread %21.5210.4673.3152.6310.82
Gamma HHI0.380.310.520.510.36
Net GEX64.7K28.4K106.2K28.7K57.1K
Net DEX-4.2M-6.4M-834.4K-919.2K-3.7M
Net VEX-8.6K-10.3K-6.3K-7.2K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.151.020.540.67
Total Volume5,2752,02018,8804,9403,800
Total OI38,442.72730,13049,73031,39030,620

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$1.82$2.0062.9%18.0%30.7%57.2%58.7%9.1%-10.4%28.7K-919.2K-7.2K0.5452.633,2001,74021,5409,850
2018-05-02$1.81$2.0066.1%19.0%30.6%61.3%70.3%7.1%-15.8%28.7K-903.3K-7.1K0.5321.583,3001,74021,5409,850
2018-05-03$1.80$1.5064.8%14.6%30.5%59.5%51.0%4.8%-3.3%28.4K-834.4K-6.9K0.5122.074,3802,23022,0009,880
2018-05-04$2.13$1.5038.1%12.0%64.8%25.3%40.2%6.9%-2.3%62.6K-3.0M-6.7K0.4724.833,8601,81022,43010,110
2018-05-07$2.30$2.0045.8%11.2%68.7%35.1%41.0%7.2%-0.1%50.4K-4.0M-6.3K0.1925.8215,8902,99023,21010,420
2018-05-08$2.39$2.0041.1%11.1%68.8%29.1%44.3%9.9%-0.7%88.9K-5.9M-10.0K0.1522.199,5301,44034,14012,480
2018-05-09$2.41$2.0038.9%11.2%68.8%26.3%39.6%7.6%0.1%106.2K-6.4M-10.1K0.2673.317,5001,95036,77012,530
2018-05-10$2.37$2.2541.7%12.0%69.9%29.9%41.4%10.2%-0.4%98.5K-5.9M-10.2K0.4814.733,1401,51036,49012,870
2018-05-11$2.36$2.2540.6%11.7%69.3%28.5%40.4%8.0%0.5%95.5K-5.9M-10.3K0.4115.583,8601,60036,51013,220
2018-05-14$2.34$2.2542.4%12.1%69.8%30.7%42.5%8.4%-0.7%90.9K-5.5M-9.8K0.4812.712,9601,43035,75013,200
2018-05-15$2.37$2.2543.5%12.5%69.3%32.1%43.1%10.8%-0.9%93.8K-5.8M-9.5K0.4724.353,0101,42035,74013,170
2018-05-16$2.38$2.2538.5%11.0%68.7%25.8%39.1%9.3%0.0%94.7K-6.0M-9.5K0.3915.313,2501,27035,84013,300
2018-05-17$2.40$2.2537.7%10.8%68.2%24.7%37.7%9.4%0.6%70.6K-6.0M-9.2K0.4315.502,9801,27035,88013,310
2018-05-18$2.37$2.2541.2%11.8%67.1%29.2%37.6%7.4%-0.4%50.7K-5.8M-9.1K0.3918.003,4901,36035,85013,310
2018-05-21$2.38$2.2543.4%12.4%67.0%32.1%43.2%7.9%-5.4%52.0K-3.4M-8.8K0.3816.753,0201,14022,5507,580
2018-05-22$2.38$2.2535.8%10.3%67.2%22.3%41.1%7.2%2.4%50.5K-3.5M-8.6K0.9418.561,04098022,6407,640
2018-05-23$2.37$2.2540.3%11.5%67.3%28.0%39.8%6.0%0.1%51.2K-3.4M-8.7K0.8915.601,10098022,7007,690
2018-05-24$2.37$2.2539.6%11.3%67.4%27.1%36.6%5.8%-0.2%53.5K-3.5M-8.5K0.6616.231,43094022,7707,690
2018-05-25$2.37$2.2538.5%11.0%67.4%25.7%37.1%1.0%1.7%55.3K-3.5M-8.3K0.7315.521,32096023,0707,690
2018-05-29$2.41$2.2539.4%11.3%65.7%26.9%43.9%8.2%-1.3%58.2K-3.7M-7.9K1.0110.461,3001,31023,2507,700
2018-05-30$2.43$2.2539.7%11.4%65.6%27.3%43.2%8.4%-1.8%56.6K-3.8M-8.1K1.0210.871,3001,32023,2607,700
2018-05-31$2.41$2.2539.4%11.3%65.7%27.0%42.4%-2.1%-1.7%57.1K-3.7M-7.8K0.6710.822,2801,52022,9307,690