SMCI Options History — August 2020

In August 2020, SMCI traded between $2.57 and $3.08. ATM implied volatility averaged 59.3%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 7.2% (HV 20d: 52.1%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2020-08-12: Highest Volume — 5,260 contracts
  • 2020-08-12: Largest IV drop — 52.4% change
  • 2020-08-11: Highest IV Rank — 38.7%
  • 2020-08-05: Largest Expected Move — 23.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.77$2.57$3.08$3.04$2.74
Max Pain$2.52$2.50$3.00$3.00$2.50
ATM IV59.3%43.1%99.5%74.6%47.8%
Expected Move15.4%12.4%23.0%21.4%13.7%
HV 20d52.1%27.1%65.8%28.9%62.9%
HV 60d47.8%40.1%51.4%49.7%49.9%
IV Rank15.8%6.6%38.7%24.5%9.3%
IV Percentile42.3%18.7%88.9%68.7%29.0%
Term Structure-0.9%-20.5%16.5%-16.1%2.8%
VWIV51.4%39.0%82.2%62.3%46.2%
Skew 25d2.8%-4.2%11.5%3.0%0.5%
Skew 10d2.6%-8.3%23.2%3.7%4.2%
Call IV 25d51.3%37.2%85.7%79.0%45.5%
Put IV 25d54.1%37.5%83.3%82.0%46.0%
Bid-Ask Spread %83.1266.7492.4866.7489.96
Gamma HHI0.440.340.620.620.48
Net GEX7.0K-12.9K23.0K15.2K14.1K
Net DEX-215.8K-681.8K120.5K-447.0K-234.2K
Net VEX-2.0K-2.4K-1.2K-1.2K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.007.170.320.23
Total Volume1,038.095705,2601,820270
Total OI9,382.8573,90014,9703,9008,270

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$3.04$3.0074.6%21.4%28.9%24.5%62.3%3.0%-16.1%15.2K-447.0K-1.2K0.3266.741,3804402,990910
2020-08-04$3.03$2.5077.3%22.2%27.7%26.1%82.1%-4.2%-20.5%19.4K-573.2K-1.6K0.0071.2727004,1401,340
2020-08-05$3.08$2.5080.2%23.0%27.3%27.7%82.2%-2.3%-17.3%21.2K-658.9K-1.7K0.1271.63410504,4101,340
2020-08-06$3.02$2.5086.2%17.2%27.8%31.1%59.6%1.6%-7.6%20.5K-578.4K-1.7K0.0577.21810404,5101,390
2020-08-07$3.02$2.5081.2%17.6%27.6%28.3%58.7%1.6%-5.0%19.2K-541.5K-1.7K0.0074.6923004,3101,420
2020-08-10$3.02$2.5097.7%18.1%27.2%37.6%63.7%-2.5%-5.7%18.6K-548.3K-1.6K0.0778.96860604,2901,420
2020-08-11$3.06$2.5099.5%17.1%27.1%38.7%62.1%0.7%-3.3%23.0K-681.8K-1.8K1.2081.441,5901,9104,9001,420
2020-08-12$2.59$2.5047.3%13.6%65.8%9.0%46.3%2.5%7.4%-3.8K82.4K-1.2K0.4984.793,5201,7406,6002,920
2020-08-13$2.59$2.5049.5%14.2%65.7%10.3%39.1%7.8%3.9%-8.8K120.5K-1.8K0.4092.391,9607808,3203,960
2020-08-14$2.61$2.5043.4%12.4%65.6%6.8%43.7%0.4%8.2%-2.8K57.8K-2.3K1.1783.003604209,6204,580
2020-08-17$2.57$2.5044.9%12.9%65.4%7.7%45.2%2.2%5.9%-12.9K101.1K-2.4K0.0081.6320009,9004,900
2020-08-18$2.59$2.5046.8%13.4%65.2%8.7%47.1%7.2%3.9%-12.0K51.8K-2.3K2.2988.1614032010,0704,840
2020-08-19$2.60$2.5043.3%12.4%65.3%6.7%41.6%-1.8%6.6%-10.3K-27.0K-2.3K1.0088.3912012010,1204,780
2020-08-20$2.61$2.5043.1%12.4%65.3%6.6%43.1%1.4%6.7%1.7K-86.5K-2.2K5.0086.052010010,1404,830
2020-08-21$2.65$2.5044.8%12.8%65.4%7.6%39.0%9.4%-2.2%8.2K-136.2K-2.3K0.0085.12310010,1204,840
2020-08-24$2.65$2.5044.6%12.8%63.7%7.5%40.9%6.2%6.7%6.7K-52.9K-2.2K0.2885.224001104,9002,790
2020-08-25$2.67$2.5046.7%13.4%63.9%8.6%40.6%9.3%16.5%9.3K-122.0K-2.3K7.1789.86604305,0702,880
2020-08-26$2.60$2.5045.6%13.1%62.0%8.0%49.5%2.1%2.3%5.0K-35.2K-2.2K0.7589.5140305,1302,850
2020-08-27$2.63$2.5050.3%14.4%62.1%10.7%41.2%2.8%2.8%7.3K-80.4K-2.2K0.1387.03640805,1102,880
2020-08-28$2.70$2.5051.0%14.6%62.6%11.1%45.0%11.5%-16.2%8.9K-142.6K-2.3K0.1492.481,3901904,9502,880
2020-08-31$2.74$2.5047.8%13.7%62.9%9.3%46.2%0.5%2.8%14.1K-234.2K-2.4K0.2389.96220505,3602,910