SMCI Options History — August 2018

In August 2018, SMCI traded between $1.53 and $2.19. ATM implied volatility averaged 84.5%, placing in the 66.3% IV rank vs the trailing year. The 30-day expected move averaged 24.2%. IV traded above realized volatility by 34.9% (HV 20d: 49.6%). Max pain ranged from $2.25 to $2.25. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 2.44.

Notable Days

2018-08-23: Highest Volume — 289,500 contracts
2018-08-13: Largest IV spike — 45.6% change
2018-08-03: Highest IV Rank — 100.0%
2018-08-21: Largest Expected Move — 34.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.94	$1.53	$2.19	$2.19	$2.04
Max Pain	$2.25	$2.25	$2.25	$2.25	$2.25
ATM IV	84.5%	39.5%	121.8%	91.0%	41.0%
Expected Move	24.2%	11.3%	34.9%	26.1%	11.7%
HV 20d	49.6%	23.0%	97.6%	23.2%	97.1%
HV 60d	35.4%	21.8%	58.4%	23.1%	58.4%
IV Rank	66.3%	12.4%	100.0%	93.2%	14.0%
IV Percentile	84.7%	25.8%	100.0%	99.6%	32.1%
Term Structure	-10.5%	-26.2%	25.9%	-18.7%	15.1%
VWIV	88.4%	41.7%	131.9%	100.7%	49.8%
Skew 25d	19.8%	3.6%	35.0%	11.3%	3.6%
Skew 10d	46.1%	0.0%	80.6%	58.0%	0.0%
Call IV 25d	79.1%	39.1%	113.0%	89.3%	51.7%
Put IV 25d	98.9%	55.4%	137.4%	100.5%	55.4%
Bid-Ask Spread %	45.67	14.91	102.06	58.30	84.70
Gamma HHI	0.30	0.21	0.64	0.28	0.27
Net GEX	-161.8K	-549.8K	-42.4K	-49.0K	-211.5K
Net DEX	4.2M	465.1K	13.4M	793.0K	2.2M
Net VEX	-26.1K	-43.4K	-13.3K	-26.9K	-21.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.44	0.61	9.24	3.20	0.91
Total Volume	39,314.348	5,400	289,500	9,080	15,600
Total OI	175,291.304	93,230	317,100	93,230	302,660

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$2.19	$2.25	91.0%	26.1%	23.2%	93.2%	100.7%	11.3%	-18.7%	-49.0K	793.0K	-26.9K	3.20	58.30	2,160	6,920	35,350	57,880
2018-08-02	$2.17	$2.25	96.0%	27.5%	23.0%	99.7%	103.5%	23.9%	-26.2%	-52.1K	1.0M	-26.1K	3.64	67.50	2,160	7,860	35,360	58,610
2018-08-03	$2.10	$2.25	97.8%	28.0%	24.6%	100.0%	102.1%	12.9%	-19.5%	-64.9K	2.0M	-25.7K	2.97	42.97	1,360	4,040	35,340	61,640
2018-08-06	$2.11	$2.25	119.8%	23.9%	24.6%	100.0%	84.7%	16.2%	-18.3%	-70.9K	1.9M	-25.8K	3.67	20.94	2,510	9,200	36,150	64,470
2018-08-07	$2.02	$2.25	87.0%	26.8%	26.8%	67.6%	108.6%	27.0%	-18.2%	-79.4K	2.4M	-25.9K	3.73	43.01	5,050	18,820	37,390	68,540
2018-08-08	$1.96	$2.25	83.5%	27.9%	26.8%	64.2%	97.0%	18.4%	-13.3%	-110.9K	3.7M	-27.2K	1.77	26.82	4,460	7,910	39,250	81,260
2018-08-09	$2.02	$2.25	81.9%	26.2%	29.4%	62.6%	91.1%	17.6%	-9.7%	-104.4K	2.9M	-27.4K	1.86	24.47	4,570	8,500	40,000	79,390
2018-08-10	$1.99	$2.25	76.9%	26.5%	29.3%	57.7%	95.0%	20.6%	-16.1%	-109.6K	3.1M	-26.6K	1.59	14.91	4,570	7,270	40,370	78,160
2018-08-13	$2.00	$2.25	112.0%	29.7%	29.0%	92.3%	101.5%	27.6%	-20.3%	-103.8K	2.9M	-26.6K	1.23	22.10	5,030	6,180	40,370	80,900
2018-08-14	$1.97	$2.25	97.5%	28.0%	29.0%	78.0%	96.4%	22.8%	-10.1%	-123.7K	3.4M	-25.7K	1.10	15.09	5,650	6,230	40,780	82,130
2018-08-15	$1.88	$2.25	104.8%	30.1%	31.4%	85.2%	105.3%	20.8%	-13.4%	-132.9K	4.4M	-23.9K	2.38	31.83	5,750	13,710	42,030	82,180
2018-08-16	$1.93	$2.25	104.8%	30.0%	34.4%	85.1%	104.1%	26.7%	-20.5%	-152.3K	3.9M	-26.2K	1.22	28.43	5,730	7,010	42,020	87,260
2018-08-17	$1.90	$2.25	103.7%	29.7%	34.5%	84.0%	109.6%	30.3%	-15.0%	-70.4K	4.6M	-25.2K	1.11	18.29	6,390	7,070	42,600	87,640
2018-08-20	$1.88	$2.25	108.8%	31.2%	34.5%	89.1%	127.1%	35.0%	-20.4%	-70.3K	3.6M	-24.4K	1.77	18.85	5,050	8,920	42,130	77,540
2018-08-21	$1.84	$2.25	121.8%	34.9%	34.5%	100.0%	131.9%	24.4%	-16.7%	-77.8K	3.9M	-25.7K	1.55	26.94	4,780	7,400	43,110	87,280
2018-08-22	$1.53	$2.25	88.4%	25.4%	70.1%	67.7%	88.1%	7.0%	-23.5%	-126.1K	7.7M	-16.2K	8.57	24.46	27,420	235,020	45,630	91,880
2018-08-23	$1.70	$2.25	87.6%	25.1%	82.4%	66.9%	92.4%	19.5%	-25.0%	-527.0K	13.4M	-43.4K	9.24	41.21	28,260	261,240	63,770	253,290
2018-08-24	$1.65	$2.25	57.4%	16.4%	82.0%	37.7%	63.1%	7.5%	-5.2%	-549.8K	10.6M	-37.9K	0.95	102.06	25,770	24,560	63,770	253,330
2018-08-27	$1.72	$2.25	49.8%	14.3%	84.3%	30.3%	48.9%	13.6%	25.9%	-498.0K	10.4M	-33.8K	0.70	83.33	16,340	11,370	63,700	248,530
2018-08-28	$1.93	$2.25	47.1%	13.5%	95.3%	20.5%	41.7%	22.3%	-0.8%	-341.8K	7.1M	-32.4K	0.61	92.72	18,530	11,350	63,650	247,550
2018-08-29	$2.02	$2.25	39.5%	11.3%	97.0%	12.4%	45.3%	34.3%	23.3%	-42.4K	1.4M	-13.3K	1.46	79.17	8,550	12,490	58,240	245,540
2018-08-30	$2.07	$2.25	44.3%	12.7%	97.6%	17.5%	44.3%	11.9%	5.0%	-53.4K	465.1K	-13.5K	0.88	82.30	8,220	7,250	58,130	244,900
2018-08-31	$2.04	$2.25	41.0%	11.7%	97.1%	14.0%	49.8%	3.6%	15.1%	-211.5K	2.2M	-21.5K	0.91	84.70	8,180	7,420	58,050	244,610