SMCI Options History — April 2021

In April 2021, SMCI traded between $3.69 and $4.00. ATM implied volatility averaged 46.8%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 22.5% (HV 20d: 24.2%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2021-04-13: Highest Volume — 4,660 contracts
  • 2021-04-12: Largest IV spike — 62.6% change
  • 2021-04-12: Highest IV Rank — 24.7%
  • 2021-04-23: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.89$3.69$4.00$3.93$3.69
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV46.8%28.8%60.0%32.9%57.9%
Expected Move13.9%9.4%17.0%9.4%16.6%
HV 20d24.2%17.3%30.5%30.5%20.3%
HV 60d35.6%33.4%36.7%36.7%33.8%
IV Rank15.0%1.8%24.7%4.8%23.2%
IV Percentile37.0%0.4%67.1%0.4%65.5%
Term Structure-6.7%-23.9%12.9%12.9%-10.1%
VWIV48.9%28.2%68.7%31.7%67.5%
Skew 25d0.6%-16.7%16.7%2.6%8.2%
Skew 10d5.8%-18.7%51.3%4.6%9.4%
Call IV 25d47.5%27.3%63.2%27.3%60.6%
Put IV 25d48.1%30.0%76.4%30.0%68.8%
Bid-Ask Spread %97.5185.05114.99104.57103.44
Gamma HHI0.630.530.790.570.61
Net GEX54.7K34.1K98.6K62.4K35.3K
Net DEX-2.4M-3.0M-1.3M-2.8M-1.3M
Net VEX-4.3K-5.4K-3.6K-4.9K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.007.500.000.50
Total Volume709.048204,6609030
Total OI11,564.7628,84015,46011,5209,000

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$3.93$3.0032.9%9.4%30.5%4.8%31.7%2.6%12.9%62.4K-2.8M-4.9K0.00104.5790010,560960
2021-04-05$3.99$3.0028.8%14.5%28.4%1.8%50.4%-7.8%-2.5%66.0K-3.0M-4.5K0.00103.471,060010,630960
2021-04-06$3.94$3.0039.8%13.5%27.8%9.9%28.2%6.4%-9.5%59.5K-2.9M-3.7K1.5485.0513020010,390960
2021-04-07$3.92$3.0044.6%12.5%27.7%13.4%44.2%-4.3%-2.9%54.3K-2.8M-3.6K2.0094.32204010,4201,160
2021-04-08$3.95$3.0038.5%13.0%26.5%8.9%47.0%13.5%-6.8%65.7K-2.8M-3.7K0.8888.3017015010,4301,180
2021-04-09$3.96$3.0036.9%11.1%26.5%7.8%41.1%8.6%0.4%73.7K-2.8M-4.5K0.0095.8670010,5301,330
2021-04-12$4.00$3.0060.0%13.6%26.1%24.7%47.5%3.9%-3.1%66.2K-2.9M-3.9K0.0098.453,6601010,5301,330
2021-04-13$3.96$3.0029.4%12.6%26.4%2.3%45.3%1.0%-4.0%98.6K-2.9M-4.5K0.2485.923,75091013,9101,320
2021-04-14$3.94$3.0047.7%13.7%26.5%15.7%46.7%-1.7%0.7%86.2K-2.7M-5.2K1.3397.47608013,8801,520
2021-04-15$3.94$3.0045.7%13.1%24.5%14.2%46.4%16.7%-12.2%90.0K-2.8M-4.8K0.0090.27130013,8601,600
2021-04-16$3.93$3.0042.4%12.2%24.5%11.9%38.3%1.7%-0.8%42.3K-2.5M-5.4K0.0093.91230013,8501,600
2021-04-19$3.86$3.0053.7%15.4%25.2%20.1%56.2%-2.3%-14.9%38.8K-2.5M-4.9K0.0096.296009,2801,540
2021-04-20$3.79$3.0048.8%14.0%23.6%16.5%45.8%-2.6%-6.4%39.7K-2.4M-4.5K7.5087.74403009,3401,540
2021-04-21$3.85$3.0040.8%11.7%20.8%10.6%39.6%-10.2%-3.3%49.5K-2.5M-4.2K2.0097.941202409,3801,840
2021-04-22$3.79$3.0059.1%16.9%21.8%24.1%63.8%-14.0%-9.9%34.1K-2.4M-4.8K0.00114.992009,3701,880
2021-04-23$3.83$3.0059.3%17.0%22.0%24.3%61.3%-8.1%-4.3%37.0K-2.4M-4.3K0.00113.423,01009,3901,880
2021-04-26$3.88$3.0054.3%15.6%21.3%20.6%59.5%-16.7%-9.4%37.6K-1.5M-4.0K0.00113.318006,9601,880
2021-04-27$3.85$3.0051.7%14.8%20.9%18.6%0.0%-4.4%-15.8%39.2K-1.5M-4.0K0.0096.208006,9601,880
2021-04-28$3.82$3.0051.2%14.7%20.8%18.3%0.0%9.8%-14.8%37.6K-1.5M-4.0K0.0096.882007,0301,880
2021-04-29$3.81$3.0058.5%16.8%17.3%23.7%68.7%13.2%-23.9%35.4K-1.5M-4.0K0.0089.9513007,0401,880
2021-04-30$3.69$3.0057.9%16.6%20.3%23.2%67.5%8.2%-10.1%35.3K-1.3M-3.9K0.50103.4420107,1201,880