SMCI Options History — February 2021

In February 2021, SMCI traded between $3.16 and $3.41. ATM implied volatility averaged 53.0%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 12.3% (HV 20d: 40.8%). Max pain ranged from $2.50 to $3.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.48.

Notable Days

2021-02-12: Highest Volume — 6,710 contracts
2021-02-03: Largest IV drop — 46.3% change
2021-02-02: Highest IV Rank — 32.9%
2021-02-02: Largest Expected Move — 24.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.26	$3.16	$3.41	$3.16	$3.30
Max Pain	$3.16	$2.50	$3.50	$2.50	$3.50
ATM IV	53.0%	34.6%	86.0%	64.7%	54.1%
Expected Move	15.4%	9.9%	24.6%	18.5%	15.5%
HV 20d	40.8%	32.6%	46.7%	33.3%	42.1%
HV 60d	33.0%	28.3%	47.9%	47.9%	33.0%
IV Rank	14.7%	4.6%	32.9%	21.2%	15.4%
IV Percentile	37.0%	0.8%	79.8%	62.7%	47.2%
Term Structure	2.2%	-25.3%	24.7%	14.3%	11.9%
VWIV	53.2%	32.1%	82.5%	65.6%	53.4%
Skew 25d	4.5%	-19.8%	26.5%	10.4%	3.8%
Skew 10d	17.7%	-34.3%	83.8%	24.7%	65.1%
Call IV 25d	50.4%	39.2%	65.4%	65.4%	50.2%
Put IV 25d	54.9%	28.3%	87.8%	75.8%	54.0%
Bid-Ask Spread %	100.96	79.24	119.55	106.37	105.55
Gamma HHI	0.33	0.22	0.53	0.25	0.34
Net GEX	42.4K	15.9K	61.7K	28.0K	34.0K
Net DEX	-1.6M	-1.9M	-1.2M	-1.3M	-1.6M
Net VEX	-5.1K	-6.5K	-4.2K	-4.2K	-5.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.00	2.35	0.05	0.00
Total Volume	1,341.053	190	6,710	210	270
Total OI	15,986.842	10,730	22,760	10,730	16,240

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
2021-02-01	$3.16	$2.50	64.7%	18.5%	33.3%	21.2%	65.6%	10.4%	14.3%	28.0K	-1.3M	-4.2K	0.05	106.37	200	10	9,270	1,460
2021-02-02	$3.19	$2.50	86.0%	24.6%	32.6%	32.9%	82.5%	26.5%	-25.3%	27.9K	-1.3M	-4.3K	0.35	79.24	1,790	620	9,430	1,450
2021-02-03	$3.28	$2.50	46.2%	13.2%	33.7%	11.0%	47.8%	-19.8%	7.6%	42.0K	-1.6M	-4.3K	0.35	104.08	1,960	680	11,150	2,030
2021-02-04	$3.28	$3.00	37.9%	15.9%	33.1%	6.4%	64.7%	14.3%	-5.4%	51.7K	-1.7M	-4.5K	0.32	111.52	1,210	390	12,230	2,180
2021-02-05	$3.18	$3.00	51.4%	12.5%	34.7%	13.9%	0.0%	-11.0%	4.1%	43.1K	-1.5M	-4.2K	1.86	106.15	220	410	11,770	2,430
2021-02-08	$3.38	$3.00	38.6%	11.7%	40.1%	6.8%	43.7%	-1.6%	5.0%	53.4K	-1.9M	-4.2K	0.54	96.82	680	370	11,850	2,530
2021-02-09	$3.39	$3.00	41.2%	12.8%	40.1%	8.2%	46.5%	0.5%	-1.9%	56.5K	-1.9M	-4.3K	0.09	96.86	1,910	180	12,390	2,710
2021-02-10	$3.37	$3.00	34.6%	9.9%	40.0%	4.6%	32.1%	10.7%	24.7%	52.2K	-1.7M	-4.4K	0.00	100.80	340	0	12,130	2,710
2021-02-11	$3.41	$3.00	40.5%	11.6%	40.2%	7.8%	41.6%	17.6%	3.2%	58.1K	-1.8M	-4.4K	0.00	93.94	640	0	12,220	2,710
2021-02-12	$3.19	$3.00	58.4%	16.7%	46.7%	17.7%	58.6%	2.9%	5.5%	47.5K	-1.6M	-4.8K	0.51	92.68	4,450	2,260	12,450	2,710
2021-02-16	$3.19	$3.50	72.2%	20.7%	46.5%	25.3%	58.5%	8.3%	-14.1%	61.7K	-1.8M	-6.5K	2.35	102.33	370	870	16,330	4,780
2021-02-17	$3.16	$3.50	68.6%	19.7%	46.6%	23.4%	57.5%	2.8%	-13.6%	57.3K	-1.5M	-6.2K	0.03	99.52	380	10	17,050	5,520
2021-02-18	$3.18	$3.50	61.5%	17.6%	44.2%	19.4%	57.7%	-3.1%	-8.2%	55.3K	-1.5M	-6.4K	0.00	119.55	190	0	17,150	5,530
2021-02-19	$3.17	$3.50	60.9%	17.5%	44.1%	19.1%	56.5%	5.5%	-0.4%	20.9K	-1.5M	-5.9K	0.35	84.26	690	240	17,230	5,530
2021-02-22	$3.20	$3.50	41.8%	12.0%	44.3%	8.5%	48.8%	-2.9%	-6.6%	15.9K	-1.2M	-5.4K	1.79	108.83	290	520	11,600	2,770
2021-02-23	$3.27	$3.50	55.3%	15.9%	44.5%	16.0%	47.2%	11.1%	7.8%	26.6K	-1.4M	-6.0K	0.11	95.88	380	40	11,570	3,280
2021-02-24	$3.36	$3.50	50.9%	14.6%	45.2%	13.6%	50.5%	11.6%	15.1%	30.4K	-1.6M	-5.9K	0.03	100.54	2,190	60	11,780	3,350
2021-02-25	$3.27	$3.50	42.9%	12.3%	42.2%	9.1%	44.9%	-2.0%	18.3%	42.4K	-1.6M	-5.7K	0.38	113.32	480	180	12,930	3,300
2021-02-26	$3.30	$3.50	54.1%	15.5%	42.1%	15.4%	53.4%	3.8%	11.9%	34.0K	-1.6M	-5.8K	0.00	105.55	270	0	12,880	3,360