SMCI Options History — July 2018

In July 2018, SMCI traded between $2.22 and $2.46. ATM implied volatility averaged 53.7%, placing in the 45.2% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 31.2% (HV 20d: 22.5%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 3.30.

Notable Days

  • 2018-07-23: Highest Volume — 52,830 contracts
  • 2018-07-11: Largest IV spike — 25.6% change
  • 2018-07-31: Highest IV Rank — 87.9%
  • 2018-07-31: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.37$2.22$2.46$2.43$2.23
Max Pain$2.35$2.00$2.50$2.00$2.25
ATM IV53.7%39.2%86.9%41.6%86.9%
Expected Move15.7%11.2%24.9%11.9%24.9%
HV 20d22.5%19.6%26.0%26.0%22.9%
HV 60d43.2%28.3%44.7%44.7%28.3%
IV Rank45.2%26.7%87.9%29.8%87.9%
IV Percentile67.9%32.5%99.2%44.8%99.2%
Term Structure-5.8%-19.1%7.0%7.0%-19.1%
VWIV60.0%45.7%87.5%46.4%87.5%
Skew 25d8.2%3.1%18.3%10.9%18.3%
Skew 10d20.9%9.4%45.3%23.1%45.3%
Call IV 25d51.7%35.7%77.3%35.7%77.3%
Put IV 25d60.0%45.6%95.6%46.5%95.6%
Bid-Ask Spread %25.918.9575.848.9575.84
Gamma HHI0.380.200.520.350.29
Net GEX32.0K-44.9K72.5K65.3K-44.9K
Net DEX-2.8M-4.3M579.3K-4.0M510.6K
Net VEX-13.0K-26.4K-7.1K-8.8K-26.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.301.257.332.774.83
Total Volume11,225.7145,40052,8308,68013,110
Total OI56,644.28633,61090,61042,61090,610

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$2.43$2.0041.6%11.9%26.0%29.8%46.4%10.9%7.0%65.3K-4.0M-8.8K2.778.952,3006,38027,45015,160
2018-07-03$2.41$2.0039.2%11.2%24.7%26.7%45.7%7.1%6.3%64.0K-3.9M-9.0K2.7239.722,5506,93027,68016,360
2018-07-05$2.42$2.5041.0%13.6%22.7%29.0%55.0%6.0%-5.0%64.2K-4.0M-8.8K1.8725.902,1604,04027,60017,290
2018-07-06$2.43$2.5039.9%13.6%22.9%27.6%54.3%3.1%-5.2%64.1K-4.1M-8.4K2.0117.491,9803,97027,58017,400
2018-07-09$2.44$2.5043.0%14.0%21.1%31.6%55.9%5.2%-5.7%64.9K-4.1M-8.3K2.0714.641,9203,97027,59017,510
2018-07-10$2.46$2.5041.5%13.9%20.7%29.6%57.8%5.2%-6.0%67.8K-4.3M-7.7K1.9716.292,0203,97027,61017,510
2018-07-11$2.37$2.5052.1%14.9%22.1%43.3%55.1%4.8%-6.6%63.5K-3.5M-8.1K2.0417.352,0304,15027,67017,750
2018-07-12$2.40$2.5050.6%14.5%23.0%41.3%59.7%6.4%-7.3%67.2K-3.8M-7.8K2.1920.451,9304,22027,70017,800
2018-07-13$2.39$2.5049.9%14.3%22.0%40.4%57.3%6.3%-6.2%69.6K-3.8M-7.5K2.1917.511,9304,22027,82017,920
2018-07-16$2.42$2.5051.1%14.6%22.5%41.9%56.8%6.5%-8.3%72.5K-4.0M-7.1K1.3022.452,3503,05027,82017,940
2018-07-17$2.41$2.5052.1%14.9%21.8%43.2%55.7%4.5%-7.0%70.5K-4.0M-7.3K3.2021.862,3407,48027,77018,050
2018-07-18$2.41$2.5051.0%14.6%21.7%41.9%60.9%9.5%-5.5%56.0K-3.8M-8.9K7.3318.141,47010,77027,76025,500
2018-07-19$2.42$2.2550.7%14.5%21.9%41.5%62.2%6.7%-4.5%31.3K-3.9M-8.6K7.2821.361,48010,78027,89025,550
2018-07-20$2.39$2.2551.4%14.7%22.2%42.3%58.3%8.1%-6.3%3.5K-3.8M-8.1K2.5333.332,4606,22027,90025,610
2018-07-23$2.37$2.2556.7%16.2%22.3%49.1%58.7%7.3%-7.7%-3.6K-1.2M-8.9K1.2534.3923,52029,31014,30019,310
2018-07-24$2.37$2.2560.2%17.3%19.6%53.6%61.6%16.3%-7.7%4.7K-1.6M-23.5K2.6221.902,5406,66034,73040,520
2018-07-25$2.31$2.2561.6%17.7%21.1%55.4%68.4%14.4%-5.2%-755-1.0M-23.6K6.0032.282,32013,93034,89041,460
2018-07-26$2.32$2.2562.5%17.9%20.7%56.5%70.0%14.9%-3.2%-23.0K-729.6K-25.7K5.4819.312,14011,72034,93049,410
2018-07-27$2.23$2.2572.9%20.9%25.2%69.9%62.5%7.6%-14.2%-42.5K462.7K-25.6K3.7146.432,1507,98034,99050,700
2018-07-30$2.22$2.2571.1%20.4%25.2%67.7%70.0%4.0%-4.7%-42.5K579.3K-25.9K3.9718.552,2709,02035,00053,490
2018-07-31$2.23$2.2586.9%24.9%22.9%87.9%87.5%18.3%-19.1%-44.9K510.6K-26.4K4.8375.842,25010,86035,24055,370