SMCI Options History — March 2021

In March 2021, SMCI traded between $3.25 and $3.93. ATM implied volatility averaged 44.0%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 5.0% (HV 20d: 39.1%). Max pain ranged from $3.00 to $3.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.09.

Notable Days

  • 2021-03-18: Highest Volume — 3,680 contracts
  • 2021-03-09: Largest IV spike — 35.9% change
  • 2021-03-04: Highest IV Rank — 21.2%
  • 2021-03-03: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.65$3.25$3.93$3.42$3.93
Max Pain$3.07$3.00$3.50$3.50$3.00
ATM IV44.0%33.6%64.7%56.0%38.3%
Expected Move12.5%9.6%17.4%16.1%11.0%
HV 20d39.1%34.2%46.7%42.0%36.3%
HV 60d35.7%33.5%37.2%33.6%36.7%
IV Rank10.6%5.4%21.2%16.4%8.8%
IV Percentile20.9%0.4%63.1%51.2%6.0%
Term Structure8.0%-1.6%32.1%2.0%11.4%
VWIV42.3%28.7%59.6%59.6%39.1%
Skew 25d3.6%-10.4%16.2%0.8%-2.8%
Skew 10d16.4%-28.0%81.9%7.4%-4.9%
Call IV 25d43.5%31.6%56.0%44.3%40.2%
Put IV 25d47.1%30.7%68.9%45.1%37.4%
Bid-Ask Spread %99.8989.27113.65104.0489.32
Gamma HHI0.450.310.850.350.49
Net GEX52.9K21.3K180.1K42.7K54.5K
Net DEX-2.3M-3.3M-1.3M-1.9M-2.6M
Net VEX-4.6K-5.5K-2.9K-5.5K-4.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.710.000.26
Total Volume514.783203,6801,480960
Total OI14,086.08710,09019,54016,29010,850

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$3.42$3.5056.0%16.1%42.0%16.4%59.6%0.8%2.0%42.7K-1.9M-5.5K0.00104.041,480012,9303,360
2021-03-02$3.44$3.5053.6%15.4%41.5%15.0%58.1%-1.6%1.7%42.9K-1.8M-5.3K0.0093.65600012,4603,360
2021-03-03$3.40$3.5060.8%17.4%41.9%19.0%56.5%-8.5%1.9%42.9K-1.8M-5.4K0.00101.27640012,2303,360
2021-03-04$3.25$3.0064.7%12.8%44.4%21.2%0.0%-5.8%6.1%31.1K-1.3M-4.9K0.00105.6920011,9403,360
2021-03-05$3.38$3.0048.5%16.5%46.7%12.2%0.0%8.2%-1.6%39.4K-1.6M-4.7K0.5098.94201012,0303,360
2021-03-08$3.49$3.0043.7%14.5%46.2%9.6%55.0%14.8%9.2%65.9K-1.9M-4.2K0.0093.53290012,0003,360
2021-03-09$3.46$3.0059.4%14.3%41.5%18.3%0.0%3.1%-0.6%52.3K-1.8M-4.3K0.2095.501002012,1503,360
2021-03-10$3.56$3.0049.1%14.1%42.6%12.6%47.4%13.8%5.6%70.7K-2.1M-4.3K0.00110.72180012,1903,370
2021-03-11$3.60$3.0038.4%11.0%42.5%6.7%28.7%3.6%32.1%180.1K-2.3M-4.0K0.03113.653101012,1003,370
2021-03-12$3.66$3.0048.2%13.8%42.8%12.1%46.9%4.5%4.1%71.7K-2.4M-4.3K0.00103.4560012,2303,380
2021-03-15$3.70$3.0044.2%12.7%34.2%9.9%42.7%1.0%1.9%21.3K-2.7M-2.9K0.00100.99370012,1803,380
2021-03-16$3.69$3.0039.6%11.3%34.3%7.3%38.4%9.6%26.5%57.6K-2.6M-3.6K0.00101.76310012,3603,380
2021-03-17$3.81$3.0037.9%10.9%34.6%6.4%40.8%-2.0%16.5%57.3K-3.0M-3.6K0.0196.878701012,5203,380
2021-03-18$3.82$3.0041.6%11.9%34.7%11.2%42.1%-10.4%14.1%24.5K-3.0M-3.9K0.0099.483,6701013,0603,400
2021-03-19$3.78$3.0033.6%9.6%35.0%5.4%39.2%2.8%7.5%38.7K-3.3M-5.3K0.0397.603301016,1303,410
2021-03-22$3.90$3.0038.7%11.1%35.9%9.1%38.6%-1.7%9.9%43.3K-2.5M-5.0K0.1289.27500609,300790
2021-03-23$3.76$3.0036.2%10.4%38.8%7.3%35.6%16.2%4.4%46.8K-2.3M-5.1K0.7196.2070509,690840
2021-03-24$3.77$3.0036.1%10.3%38.1%7.2%34.1%13.9%8.8%43.3K-2.3M-5.1K0.0098.2739009,780850
2021-03-25$3.74$3.0035.6%10.2%36.5%6.8%35.3%3.4%2.6%45.6K-2.3M-4.9K0.00108.325009,810850
2021-03-26$3.81$3.0035.8%10.3%36.8%7.0%36.5%13.7%2.3%48.7K-2.3M-5.2K0.1097.14100109,800850
2021-03-29$3.76$3.0039.2%11.2%35.7%9.5%39.6%1.8%9.7%45.6K-2.3M-4.9K0.00102.4719009,880850
2021-03-30$3.81$3.0034.0%9.7%35.7%5.6%31.6%5.4%7.7%49.3K-2.4M-4.6K0.0099.3314009,890850
2021-03-31$3.93$3.0038.3%11.0%36.3%8.8%39.1%-2.8%11.4%54.5K-2.6M-4.8K0.2689.327602009,990860