SMCI Options History — November 2020

In November 2020, SMCI traded between $2.30 and $3.00. ATM implied volatility averaged 47.8%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 26.1% (HV 20d: 73.9%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.30.

Notable Days

2020-11-04: Highest Volume — 15,720 contracts
2020-11-04: Largest IV drop — 32.1% change
2020-11-02: Highest IV Rank — 33.7%
2020-11-02: Largest Expected Move — 25.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.84	$2.30	$3.00	$2.30	$2.84
Max Pain	$2.58	$2.50	$3.00	$3.00	$2.50
ATM IV	47.8%	37.0%	87.4%	87.4%	41.4%
Expected Move	13.8%	10.6%	25.0%	25.0%	11.9%
HV 20d	73.9%	38.9%	81.0%	38.9%	72.1%
HV 60d	51.7%	46.8%	61.6%	46.8%	51.2%
IV Rank	11.9%	5.9%	33.7%	33.7%	8.3%
IV Percentile	19.3%	1.2%	77.0%	77.0%	4.8%
Term Structure	-0.3%	-15.6%	13.1%	-15.6%	-0.0%
VWIV	53.6%	41.5%	97.2%	97.2%	41.5%
Skew 25d	5.6%	-3.5%	13.0%	-3.5%	1.4%
Skew 10d	10.1%	-6.7%	25.3%	-6.5%	0.5%
Call IV 25d	47.1%	35.0%	96.3%	69.9%	42.3%
Put IV 25d	52.8%	43.7%	95.8%	66.4%	43.7%
Bid-Ask Spread %	88.37	52.41	104.33	98.61	95.70
Gamma HHI	0.74	0.29	0.99	0.62	0.35
Net GEX	-178.2K	-1.8M	10.1K	-22.3K	8.7K
Net DEX	959.3K	-384.4K	2.2M	2.2M	-312.8K
Net VEX	-2.6K	-3.7K	-1.4K	-2.3K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.00	1.16	0.07	0.20
Total Volume	1,171	0	15,720	0	180
Total OI	16,496	3,730	22,190	15,960	4,010

Daily Data (20 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
2020-11-02	$2.30	$3.00	87.4%	25.0%	38.9%	33.7%	0.0%	-3.5%	-15.6%	-22.3K	2.2M	-2.3K	0.00	98.61	0	0	3,280	12,680
2020-11-03	$2.33	$3.00	86.5%	24.8%	39.8%	33.2%	97.2%	-0.6%	-14.9%	-24.1K	2.2M	-2.3K	0.07	52.41	690	50	3,280	12,680
2020-11-04	$2.82	$3.00	58.8%	16.8%	80.1%	17.9%	57.7%	3.6%	-13.4%	-78.6K	1.5M	-3.7K	1.16	55.06	7,280	8,440	3,330	13,730
2020-11-05	$2.84	$2.50	43.3%	12.3%	80.0%	9.4%	48.2%	10.8%	6.1%	-90.8K	1.5M	-3.6K	0.16	81.63	2,050	320	6,680	13,850
2020-11-06	$2.80	$2.50	42.4%	13.3%	80.1%	8.9%	49.1%	4.6%	2.9%	-75.1K	1.7M	-3.4K	0.57	80.54	210	120	7,880	13,880
2020-11-09	$2.81	$2.50	45.1%	12.4%	80.1%	10.4%	51.1%	5.9%	6.0%	-77.6K	1.4M	-3.6K	0.25	81.37	720	180	7,810	13,760
2020-11-10	$2.81	$2.50	41.9%	13.2%	80.1%	8.6%	61.5%	7.5%	4.4%	-73.6K	1.5M	-3.4K	0.00	84.16	0	110	7,890	13,830
2020-11-11	$2.85	$2.50	44.5%	12.7%	80.0%	10.0%	0.0%	10.8%	4.7%	-92.4K	1.6M	-3.1K	0.00	85.75	230	0	7,870	13,800
2020-11-12	$2.85	$2.50	42.1%	12.1%	80.0%	8.7%	0.0%	6.6%	3.9%	-101.7K	1.5M	-3.1K	0.00	94.85	0	100	7,970	13,800
2020-11-13	$2.97	$2.50	37.0%	10.6%	81.0%	5.9%	0.0%	7.2%	13.1%	-130.8K	812.9K	-3.3K	0.05	99.85	210	10	7,970	13,700
2020-11-16	$2.96	$2.50	43.5%	12.5%	80.3%	9.5%	0.0%	0.9%	6.1%	-189.4K	1.1M	-2.7K	0.18	104.33	380	70	8,050	13,700
2020-11-17	$2.96	$2.50	43.4%	12.5%	80.2%	9.4%	0.0%	8.2%	3.0%	-215.2K	1.2M	-2.6K	0.76	90.88	210	160	8,330	13,690
2020-11-18	$2.97	$2.50	43.8%	12.6%	79.8%	9.7%	0.0%	1.2%	3.0%	-242.0K	1.0M	-2.5K	0.26	90.21	190	50	8,340	13,840
2020-11-19	$2.99	$2.50	42.2%	12.1%	79.6%	8.8%	0.0%	-0.5%	-2.7%	-421.3K	816.1K	-2.2K	0.21	92.33	330	70	8,350	13,840
2020-11-20	$3.00	$2.50	41.8%	12.0%	77.5%	8.5%	0.0%	13.0%	-1.5%	-1.8M	1.0M	-1.6K	0.50	95.75	40	20	8,180	13,910
2020-11-23	$2.94	$2.50	42.4%	12.2%	74.8%	8.9%	42.4%	6.6%	-3.4%	6.7K	-336.0K	-1.5K	0.00	94.60	450	0	2,470	1,260
2020-11-24	$2.92	$2.50	41.8%	12.0%	74.3%	8.5%	43.8%	7.0%	-1.6%	9.7K	-377.8K	-1.7K	0.67	96.73	30	20	2,900	1,260
2020-11-25	$2.94	$2.50	43.8%	12.6%	69.8%	9.7%	43.8%	9.7%	-3.1%	10.1K	-384.4K	-1.6K	0.00	93.48	450	0	2,920	1,240
2020-11-27	$2.98	$2.50	42.9%	12.3%	69.5%	9.2%	0.0%	12.2%	-2.1%	9.3K	-383.3K	-1.5K	0.00	99.12	50	0	2,720	1,240
2020-11-30	$2.84	$2.50	41.4%	11.9%	72.1%	8.3%	41.5%	1.4%	-0.0%	8.7K	-312.8K	-1.4K	0.20	95.70	150	30	2,770	1,240