SMCI Options History — July 2020

In July 2020, SMCI traded between $2.72 and $3.02. ATM implied volatility averaged 63.9%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 21.7% (HV 20d: 42.2%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2020-07-06: Highest Volume — 1,180 contracts
  • 2020-07-13: Largest IV spike — 70.2% change
  • 2020-07-13: Highest IV Rank — 43.4%
  • 2020-07-31: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.81$2.72$3.02$2.81$3.02
Max Pain$2.84$2.50$3.00$3.00$3.00
ATM IV63.9%37.5%107.8%37.5%72.5%
Expected Move17.7%10.8%20.8%10.8%20.8%
HV 20d42.2%26.3%53.9%53.4%29.3%
HV 60d104.4%49.8%116.3%116.3%49.8%
IV Rank18.4%3.5%43.4%3.5%23.3%
IV Percentile55.6%2.4%92.5%2.4%67.9%
Term Structure-1.3%-13.4%27.5%27.5%-11.5%
VWIV64.5%40.3%72.1%40.3%71.7%
Skew 25d6.4%-13.6%20.7%14.7%3.0%
Skew 10d5.8%-26.6%31.7%7.2%-3.3%
Call IV 25d58.1%43.8%71.5%43.8%71.5%
Put IV 25d64.5%50.9%74.5%58.5%74.5%
Bid-Ask Spread %90.7962.92115.74109.8976.97
Gamma HHI0.550.420.700.560.57
Net GEX11.1K6.4K22.9K22.9K14.4K
Net DEX-185.7K-388.7K-101.9K-236.1K-388.7K
Net VEX-939-1.2K-754-1.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.002.750.000.11
Total Volume343.63601,180580700
Total OI6,695.9092,51010,0609,9303,790

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$2.81$3.0037.5%10.8%53.4%3.5%40.3%14.7%27.5%22.9K-236.1K-1.1K0.00109.8958009,590340
2020-07-02$2.75$3.0060.4%17.3%53.9%16.5%72.1%15.6%4.7%18.7K-185.3K-1.0K0.10107.291,0401009,710340
2020-07-06$2.80$2.5055.5%18.7%53.3%13.6%65.2%2.8%-5.5%22.2K-232.2K-1.0K0.47107.638003808,850440
2020-07-07$2.74$2.5070.1%18.2%51.9%22.0%60.2%8.6%-2.2%13.4K-137.0K-8280.13115.7480108,870500
2020-07-08$2.81$2.5051.6%17.5%52.8%11.5%60.9%9.7%-0.6%10.7K-134.1K-7540.00113.0154008,870500
2020-07-09$2.76$2.5040.6%19.1%52.9%5.2%0.0%8.3%-8.1%15.3K-201.6K-1.0K0.00106.88009,370500
2020-07-10$2.75$2.5063.3%16.1%51.5%18.1%70.3%11.8%12.9%9.9K-162.1K-8710.0095.811009,370500
2020-07-13$2.72$2.50107.8%15.7%49.5%43.4%0.0%4.0%17.4%6.4K-131.4K-7560.2598.4940109,380500
2020-07-14$2.76$2.5075.8%15.6%44.7%25.2%65.3%10.1%0.4%10.8K-163.7K-8112.7599.24401109,470500
2020-07-15$2.79$3.0058.7%16.8%45.0%15.5%64.5%4.3%1.8%7.0K-133.8K-8100.7690.563802909,450610
2020-07-16$2.81$3.0062.2%17.8%44.2%17.5%0.0%2.1%2.9%6.8K-158.3K-8500.0091.78009,450600
2020-07-17$2.84$3.0063.3%18.2%44.3%18.1%59.8%4.2%-2.9%7.0K-175.5K-8620.3087.723301009,450600
2020-07-20$2.87$3.0061.9%17.7%40.5%17.3%62.5%20.7%-3.5%8.5K-188.7K-9320.0080.2710002,030480
2020-07-21$2.80$3.0067.4%19.3%37.3%20.4%65.4%-3.7%-13.2%7.7K-167.5K-9260.4262.92120502,060480
2020-07-22$2.78$3.0066.2%19.0%37.1%19.7%67.8%-1.2%-9.3%7.5K-149.4K-8981.0066.131001002,080530
2020-07-23$2.75$3.0063.7%18.3%37.0%18.3%70.7%16.7%-5.1%7.2K-132.3K-9382.5086.0420502,130630
2020-07-24$2.72$3.0065.6%18.8%37.0%19.4%0.0%8.9%-3.6%7.0K-101.9K-8900.0082.75002,150630
2020-07-27$2.83$3.0062.1%17.8%26.3%17.4%62.5%5.4%-6.9%8.6K-157.5K-9180.1174.78360402,150630
2020-07-28$2.82$3.0065.6%18.8%26.3%19.4%67.8%-2.1%-7.4%10.0K-208.7K-1.0K1.0080.031401402,490670
2020-07-29$2.94$3.0062.5%17.9%30.2%17.7%62.7%-13.6%-3.8%11.4K-249.1K-1.1K0.1486.16290402,420810
2020-07-30$2.96$3.0070.6%20.2%30.1%22.2%71.3%11.2%-13.4%11.7K-289.7K-1.1K0.0477.26450202,550840
2020-07-31$3.02$3.0072.5%20.8%29.3%23.3%71.7%3.0%-11.5%14.4K-388.7K-1.2K0.1176.97630702,940850