SMCI Options History — May 2020

In May 2020, SMCI traded between $2.21 and $2.59. ATM implied volatility averaged 89.3%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded below realized volatility by 95.5% (HV 20d: 184.8%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.15.

Notable Days

2020-05-27: Highest Volume — 90 contracts
2020-05-06: Largest IV spike — 169.3% change
2020-05-12: Highest IV Rank — 74.4%
2020-05-13: Largest Expected Move — 27.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.43	$2.21	$2.59	$2.23	$2.59
Max Pain	$2.00	$2.00	$2.00	$2.00	$2.00
ATM IV	89.3%	47.6%	162.3%	138.6%	59.1%
Expected Move	20.5%	13.6%	27.7%	26.3%	17.0%
HV 20d	184.8%	182.9%	189.2%	185.3%	183.8%
HV 60d	163.7%	131.8%	168.3%	165.6%	131.8%
IV Rank	32.9%	9.2%	74.4%	60.9%	15.7%
IV Percentile	73.1%	24.6%	98.8%	98.0%	53.6%
Term Structure	48.1%	6.1%	81.7%	17.5%	66.8%
VWIV	75.3%	53.6%	114.6%	114.6%	57.8%
Skew 25d	0.4%	-27.5%	14.3%	11.1%	14.3%
Skew 10d	-2.4%	-33.0%	42.2%	42.2%	29.1%
Call IV 25d	77.4%	44.2%	106.4%	44.2%	54.2%
Put IV 25d	77.8%	50.8%	110.5%	55.3%	68.5%
Bid-Ask Spread %	161.18	138.64	188.20	180.81	149.62
Gamma HHI	0.83	0.52	1.00	0.61	0.56
Net GEX	106	0	587	0	587
Net DEX	-3.2K	-12.2K	0	0	-12.2K
Net VEX	-3	-19	0	0	-17
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.15	0.00	0.75	0.75	0.00
Total Volume	12.632	0	90	0	0
Total OI	37.895	0	100	0	100

Daily Data (19 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
2020-05-04	$2.23	$0.00	138.6%	26.3%	185.3%	60.9%	0.0%	0.0%	17.5%	0	0	0	0.00	180.81	0	0	0	0
2020-05-05	$2.25	$0.00	59.7%	17.1%	184.4%	16.1%	0.0%	0.0%	48.6%	0	0	0	0.00	167.35	0	0	0	0
2020-05-06	$2.21	$0.00	160.8%	22.8%	183.0%	73.5%	0.0%	0.0%	43.9%	0	0	0	0.00	170.13	0	0	0	0
2020-05-07	$2.23	$0.00	123.5%	24.7%	182.9%	52.3%	0.0%	0.0%	23.2%	0	0	0	0.00	183.23	0	30	0	0
2020-05-08	$2.54	$0.00	105.7%	22.9%	184.5%	42.2%	0.0%	0.0%	14.7%	0	0	0	0.75	188.20	40	30	0	30
2020-05-11	$2.57	$0.00	118.6%	16.5%	184.2%	49.5%	0.0%	11.1%	29.2%	242	-5.3K	-6	0.00	166.51	0	0	40	30
2020-05-12	$2.41	$0.00	162.3%	22.6%	187.8%	74.4%	114.6%	-2.5%	24.4%	222	-3.9K	-6	0.00	165.87	10	0	50	30
2020-05-13	$2.33	$2.00	96.5%	27.7%	189.2%	37.0%	0.0%	3.4%	6.1%	165	-3.8K	-3	0.00	174.14	0	0	60	30
2020-05-14	$2.33	$2.00	90.3%	25.9%	186.0%	33.4%	0.0%	-0.9%	40.7%	98	-4.0K	-2	0.00	172.38	0	0	60	30
2020-05-15	$2.31	$2.00	88.8%	25.5%	185.5%	32.6%	0.0%	6.8%	42.4%	24	-4.0K	-2	0.00	170.59	10	0	60	30
2020-05-18	$2.46	$2.00	66.5%	19.1%	184.4%	19.9%	0.0%	12.2%	64.9%	22	-1.9K	-2	0.00	157.25	0	0	10	0
2020-05-19	$2.51	$2.00	73.3%	21.0%	184.2%	23.8%	0.0%	5.5%	58.1%	24	-2.0K	-2	0.00	147.85	0	0	10	0
2020-05-20	$2.56	$2.00	63.2%	18.1%	184.2%	18.1%	0.0%	-4.9%	56.0%	21	-2.1K	-2	0.00	151.30	0	0	10	0
2020-05-21	$2.52	$2.00	67.0%	19.2%	183.7%	20.2%	0.0%	-6.4%	63.9%	23	-2.1K	-2	0.00	139.07	0	0	10	0
2020-05-22	$2.47	$2.00	55.0%	15.8%	184.5%	13.4%	0.0%	-9.0%	81.7%	25	-2.2K	-1	0.00	151.43	0	0	10	0
2020-05-26	$2.54	$2.00	61.4%	17.6%	184.4%	17.0%	0.0%	-27.5%	74.6%	22	-2.3K	-1	0.00	142.92	0	0	10	0
2020-05-27	$2.59	$2.00	47.6%	13.6%	184.4%	9.2%	53.6%	-1.3%	77.0%	13	-2.5K	0	0.00	145.06	90	0	10	0
2020-05-28	$2.54	$2.00	58.8%	16.9%	185.3%	15.6%	57.8%	5.0%	79.9%	518	-11.8K	-19	0.00	138.64	30	0	100	0
2020-05-29	$2.59	$2.00	59.1%	17.0%	183.8%	15.7%	0.0%	14.3%	66.8%	587	-12.2K	-17	0.00	149.62	0	0	100	0