SMCI Options History — November 2018

In November 2018, SMCI traded between $1.15 and $1.49. ATM implied volatility averaged 90.3%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 25.9%. IV traded above realized volatility by 14.4% (HV 20d: 75.9%). Max pain ranged from $1.50 to $1.50. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2018-11-01: Highest Volume — 3,290 contracts
  • 2018-11-06: Largest IV drop — 26.7% change
  • 2018-11-23: Highest IV Rank — 46.6%
  • 2018-11-23: Largest Expected Move — 32.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.32$1.15$1.49$1.38$1.49
Max Pain$1.50$1.50$1.50$1.50$1.50
ATM IV90.3%69.4%113.5%80.1%91.5%
Expected Move25.9%19.9%32.5%23.0%26.2%
HV 20d75.9%59.1%118.7%118.7%72.5%
HV 60d133.5%130.2%136.7%135.3%130.3%
IV Rank33.4%21.6%46.6%27.6%34.1%
IV Percentile87.2%81.0%95.6%84.9%86.1%
Term Structure-10.8%-31.6%23.6%-14.6%-10.1%
VWIV96.1%75.9%110.4%86.8%110.4%
Skew 25d8.0%-26.7%41.9%9.9%27.6%
Skew 10d8.0%-20.9%37.8%21.0%13.9%
Call IV 25d90.6%72.4%130.0%82.1%91.2%
Put IV 25d98.6%78.7%118.9%91.9%118.9%
Bid-Ask Spread %113.7996.03131.18102.46123.58
Gamma HHI0.320.270.390.300.28
Net GEX119-8151.1K350736
Net DEX115.9K-42.1K247.4K73.8K12.4K
Net VEX-2.1K-2.5K-1.8K-2.5K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.800.890.890.80
Total Volume3,261.4293,1403,2903,2903,140
Total OI11,550.47611,07011,58011,57011,560

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$1.38$1.5080.1%23.0%118.7%27.6%86.8%9.9%-14.6%35073.8K-2.5K0.89102.461,7401,5506,2705,300
2018-11-02$1.37$1.5090.6%26.0%116.4%33.6%94.0%22.4%-21.4%1.1K-42.1K-2.5K0.89100.921,7401,5506,2705,300
2018-11-05$1.26$1.5094.7%27.1%93.8%35.9%107.8%14.1%10.7%26495.5K-2.3K0.89109.481,7401,5506,2705,300
2018-11-06$1.24$1.5069.4%19.9%60.0%21.6%75.9%-10.3%-15.3%-706211.3K-1.9K0.89100.781,7401,5506,2705,300
2018-11-07$1.21$1.5084.1%24.1%59.1%29.9%79.3%2.9%-9.9%-332189.9K-2.0K0.8996.031,7401,5506,2705,300
2018-11-08$1.15$1.5095.6%27.4%60.6%36.5%96.6%9.6%-27.4%-163143.3K-1.9K0.89117.171,7401,5506,2704,800
2018-11-09$1.22$1.5088.7%25.4%64.4%32.5%89.8%-3.4%-10.2%-418211.1K-1.9K0.89118.381,7401,5506,2705,310
2018-11-12$1.18$1.5096.9%27.8%63.1%37.2%106.1%-26.7%-9.7%-255187.3K-1.9K0.89117.511,7401,5506,2705,310
2018-11-13$1.18$1.5095.3%27.3%62.9%36.3%95.8%-0.1%-14.2%-292194.0K-1.9K0.89125.221,7401,5506,2705,310
2018-11-14$1.21$1.5083.4%23.9%64.1%29.5%80.9%8.1%-29.9%-533247.4K-1.8K0.89110.541,7401,5506,2705,310
2018-11-15$1.25$1.5077.6%22.2%65.4%26.2%82.5%11.8%23.6%-815225.1K-1.8K0.89118.331,7401,5506,2705,310
2018-11-16$1.42$1.5087.2%25.0%79.0%31.7%97.9%16.2%-3.0%52620.8K-2.4K0.89118.261,7401,5506,2705,310
2018-11-19$1.39$1.5087.0%24.9%77.0%31.6%104.6%13.3%-3.7%50350.5K-2.3K0.89119.131,7401,5506,2705,310
2018-11-20$1.34$1.5080.7%23.1%77.9%28.0%89.9%-22.0%10.1%19133.9K-2.1K0.89105.281,7401,5506,2705,310
2018-11-21$1.34$1.5099.0%28.4%77.9%38.4%106.4%-12.3%-13.1%39484.5K-2.2K0.89114.971,7401,5506,2705,310
2018-11-23$1.40$1.50113.5%32.5%79.6%46.6%102.9%22.5%-18.8%39385.9K-2.2K0.89118.751,7401,5506,2705,310
2018-11-26$1.36$1.50101.2%29.0%80.1%39.7%104.9%18.9%-14.2%41592.7K-2.1K0.89119.431,7401,5506,2705,310
2018-11-27$1.39$1.5099.8%28.6%73.4%38.8%94.4%10.9%-31.6%49272.7K-2.2K0.80106.251,7401,4006,2705,310
2018-11-28$1.40$1.5089.2%25.6%73.2%32.8%104.9%13.5%-15.6%24093.7K-2.0K0.80115.841,7401,4006,2705,290
2018-11-29$1.45$1.5090.3%25.9%73.9%33.5%107.0%41.9%-8.6%58351.0K-2.1K0.80131.181,7401,4006,2705,290
2018-11-30$1.49$1.5091.5%26.2%72.5%34.1%110.4%27.6%-10.1%73612.4K-2.2K0.80123.581,7401,4006,2705,290