SMCI Options History — September 2018

In September 2018, SMCI traded between $1.96 and $2.13. ATM implied volatility averaged 50.2%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded below realized volatility by 29.2% (HV 20d: 79.4%). Max pain ranged from $1.75 to $2.25. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.69.

Notable Days

  • 2018-09-04: Highest Volume — 15,510 contracts
  • 2018-09-20: Largest IV spike — 56.3% change
  • 2018-09-17: Highest IV Rank — 35.9%
  • 2018-09-17: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.03$1.96$2.13$2.06$2.04
Max Pain$1.80$1.75$2.25$2.25$1.75
ATM IV50.2%31.5%65.5%45.1%51.1%
Expected Move14.8%9.0%18.8%12.9%14.6%
HV 20d79.4%41.4%97.6%97.1%41.4%
HV 60d59.7%58.2%61.8%58.2%61.6%
IV Rank20.0%0.0%35.9%18.4%21.7%
IV Percentile54.0%0.0%87.7%46.8%54.4%
Term Structure-3.4%-37.8%40.5%20.1%3.9%
VWIV67.3%46.9%85.8%54.2%50.1%
Skew 25d16.2%-96.4%54.1%30.0%13.2%
Skew 10d38.5%-96.4%76.4%76.4%50.8%
Call IV 25d55.3%25.0%97.4%55.3%52.7%
Put IV 25d71.5%1.0%99.3%85.2%65.9%
Bid-Ask Spread %106.5076.67120.4576.67103.59
Gamma HHI0.310.220.640.390.26
Net GEX-47.8K-266.7K29.9K-55.7K14.9K
Net DEX984.8K-1.7M2.7M1.1M-1.5M
Net VEX-8.6K-15.7K-3.9K-12.8K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.521.270.840.67
Total Volume10,296.8423,81015,51015,5103,850
Total OI233,381.05342,440302,250302,25042,440

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-09-04$2.06$2.2545.1%12.9%97.1%18.4%54.2%30.0%20.1%-55.7K1.1M-12.8K0.8476.678,4507,06057,810244,440
2018-09-05$1.96$2.2544.2%12.7%97.6%14.5%62.5%-8.0%12.1%-108.1K2.3M-12.5K0.5681.518,2104,63057,800244,330
2018-09-06$2.01$1.7549.9%15.7%97.3%19.7%73.0%30.2%-15.1%-130.3K2.3M-12.8K0.52117.508,1804,29057,750244,280
2018-09-07$2.03$1.7550.4%16.4%96.8%18.8%69.0%54.1%-8.5%-266.7K2.4M-15.7K0.55111.047,6304,22057,740244,160
2018-09-10$2.00$1.7543.7%17.2%96.8%11.2%80.4%36.8%-20.3%-84.3K2.6M-11.0K0.56115.007,6304,31057,580244,120
2018-09-11$1.99$1.7550.8%13.5%96.8%19.3%71.5%12.6%17.8%-143.8K2.7M-11.5K0.56115.517,6504,31057,580244,050
2018-09-12$1.97$1.7546.4%13.3%96.7%14.2%53.6%23.7%4.5%-74.2K2.6M-9.7K0.5685.757,6504,31057,550244,050
2018-09-13$2.00$1.7557.1%16.4%95.2%26.4%85.8%28.7%-1.1%-67.1K2.1M-9.7K0.58115.747,6504,40057,550244,040
2018-09-14$2.02$1.7555.2%15.8%94.7%24.2%82.4%29.6%-13.7%-16.6K1.7M-8.4K0.58118.137,6504,40057,550243,940
2018-09-17$2.03$1.7565.5%18.8%94.4%35.9%85.6%48.9%-16.1%5.2K1.6M-8.1K0.58119.867,6004,40057,480243,940
2018-09-18$2.05$1.7557.8%16.6%94.4%27.2%85.1%30.7%-5.5%-25.6K1.6M-7.8K0.64118.817,6204,86057,460243,940
2018-09-19$2.08$1.7531.5%9.0%93.9%0.0%81.1%52.6%40.5%-14.6K1.4M-7.4K0.64120.457,6204,86057,430243,440
2018-09-20$2.11$1.7549.2%14.1%61.4%19.6%0.0%-96.4%-37.8%-26.5K689.8K-3.9K0.53115.707,6604,06057,430243,440
2018-09-21$2.08$1.7544.0%12.6%52.8%13.9%46.9%-32.3%-1.4%29.9K958.3K-4.9K0.53114.297,6304,06057,360243,390
2018-09-24$1.98$1.7552.1%14.9%55.2%22.8%66.7%13.8%-8.7%4.4K-1.1M-6.0K1.27105.382,3302,97019,74022,900
2018-09-25$2.13$1.7555.2%15.8%58.4%26.3%64.6%13.6%-14.1%16.4K-1.7M-5.2K1.2585.162,3302,91019,74022,810
2018-09-26$2.09$1.7553.7%15.4%44.8%24.7%50.0%14.3%-21.1%17.8K-1.6M-5.4K0.93106.432,3002,14019,74022,790
2018-09-27$2.06$1.7550.5%14.5%42.4%21.1%48.9%11.3%0.9%15.9K-1.5M-4.8K0.6696.912,3001,51019,67022,780
2018-09-28$2.04$1.7551.1%14.6%41.4%21.7%50.1%13.2%3.9%14.9K-1.5M-5.4K0.67103.592,3001,55019,67022,770