SMCI Options History — January 2021

In January 2021, SMCI traded between $3.09 and $3.46. ATM implied volatility averaged 59.3%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 34.0% (HV 20d: 25.3%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.06.

Notable Days

2021-01-07: Highest Volume — 2,850 contracts
2021-01-12: Largest IV spike — 64.7% change
2021-01-28: Highest IV Rank — 39.8%
2021-01-28: Largest Expected Move — 28.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.25	$3.09	$3.46	$3.11	$3.09
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	59.3%	35.0%	98.4%	52.6%	84.9%
Expected Move	17.5%	11.5%	28.2%	15.1%	24.3%
HV 20d	25.3%	21.3%	34.9%	26.3%	34.9%
HV 60d	49.3%	46.1%	50.5%	50.3%	47.8%
IV Rank	18.2%	4.8%	39.8%	14.5%	32.4%
IV Percentile	46.4%	0.8%	90.9%	44.8%	79.0%
Term Structure	-9.0%	-34.4%	20.9%	-4.5%	-18.7%
VWIV	58.3%	34.2%	137.2%	53.9%	61.8%
Skew 25d	8.9%	-0.5%	38.8%	6.3%	0.4%
Skew 10d	9.6%	-8.4%	35.1%	13.0%	-8.4%
Call IV 25d	54.3%	46.1%	69.9%	50.9%	67.4%
Put IV 25d	63.2%	47.7%	94.6%	57.2%	67.8%
Bid-Ask Spread %	93.51	70.46	112.91	77.73	112.91
Gamma HHI	0.30	0.23	0.43	0.29	0.24
Net GEX	25.7K	14.7K	34.6K	14.7K	25.5K
Net DEX	-1.2M	-1.6M	-435.5K	-435.5K	-1.2M
Net VEX	-3.8K	-4.9K	-1.7K	-1.7K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.00	0.40	0.40	0.17
Total Volume	664.737	0	2,850	70	70
Total OI	9,030	5,240	11,640	5,240	10,700

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
2021-01-04	$3.11	$2.50	52.6%	15.1%	26.3%	14.5%	53.9%	6.3%	-4.5%	14.7K	-435.5K	-1.7K	0.40	77.73	50	20	3,680	1,560
2021-01-05	$3.14	$2.50	46.3%	15.2%	23.5%	11.0%	51.0%	6.0%	-2.5%	14.8K	-469.3K	-1.8K	0.00	70.46	290	0	3,700	1,560
2021-01-06	$3.20	$2.50	39.2%	15.1%	24.1%	7.1%	49.7%	6.4%	-2.8%	15.9K	-515.1K	-1.8K	0.00	74.28	1,500	0	3,780	1,560
2021-01-07	$3.23	$2.50	42.8%	15.5%	24.2%	9.1%	52.0%	3.8%	-4.4%	21.4K	-855.2K	-2.8K	0.00	83.63	2,850	0	5,240	1,560
2021-01-08	$3.18	$2.50	35.0%	15.1%	24.4%	4.8%	0.0%	4.3%	-1.7%	22.6K	-1.3M	-4.1K	0.00	76.77	10	0	7,200	1,560
2021-01-11	$3.20	$2.50	48.5%	16.4%	24.4%	12.3%	52.1%	8.7%	-8.7%	22.1K	-1.3M	-4.1K	0.09	71.20	340	30	7,200	1,560
2021-01-12	$3.24	$2.50	79.9%	15.5%	23.6%	29.6%	52.3%	4.8%	-3.5%	26.9K	-1.4M	-4.0K	0.00	84.01	980	0	7,490	1,580
2021-01-13	$3.25	$2.50	48.0%	13.8%	22.0%	12.0%	46.7%	-0.5%	-3.6%	30.8K	-1.4M	-4.1K	0.00	99.61	500	0	8,280	1,580
2021-01-14	$3.27	$2.50	40.0%	11.5%	21.3%	7.6%	47.0%	2.2%	-0.6%	26.4K	-1.5M	-4.1K	0.00	98.74	90	0	8,270	1,580
2021-01-15	$3.23	$2.50	46.9%	13.4%	22.2%	11.3%	34.2%	12.6%	20.9%	25.0K	-1.4M	-4.0K	0.00	103.63	40	0	8,280	1,580
2021-01-19	$3.24	$2.50	47.8%	13.7%	22.2%	11.8%	0.0%	-0.5%	-0.1%	25.8K	-1.3M	-3.8K	0.00	103.06	0	0	7,550	1,410
2021-01-20	$3.37	$2.50	56.6%	16.2%	25.3%	16.7%	50.9%	0.3%	-11.0%	27.2K	-1.5M	-4.0K	0.00	96.28	1,180	0	7,600	1,410
2021-01-21	$3.38	$2.50	69.1%	19.8%	23.6%	23.6%	59.1%	21.9%	-25.4%	32.1K	-1.6M	-4.3K	0.17	101.00	230	40	8,560	1,410
2021-01-22	$3.40	$2.50	60.4%	17.3%	23.5%	18.8%	137.2%	10.0%	-14.3%	32.7K	-1.6M	-4.4K	0.20	101.86	50	10	8,770	1,450
2021-01-25	$3.46	$2.50	66.3%	19.0%	23.6%	22.1%	72.1%	38.8%	-16.6%	33.6K	-1.6M	-4.8K	0.00	99.68	1,150	0	8,870	1,460
2021-01-26	$3.39	$2.50	78.1%	22.4%	25.6%	28.6%	57.8%	24.0%	-13.7%	34.6K	-1.6M	-4.9K	0.00	98.32	330	0	9,880	1,460
2021-01-27	$3.22	$2.50	85.5%	24.5%	32.5%	32.7%	57.4%	7.1%	-24.4%	30.7K	-1.4M	-4.8K	0.00	112.60	2,460	0	10,180	1,460
2021-01-28	$3.19	$2.50	98.4%	28.2%	32.8%	39.8%	55.4%	12.1%	-34.4%	25.4K	-1.3M	-4.5K	0.00	110.94	410	0	9,140	1,460
2021-01-29	$3.09	$2.50	84.9%	24.3%	34.9%	32.4%	61.8%	0.4%	-18.7%	25.5K	-1.2M	-4.4K	0.17	112.91	60	10	9,240	1,460