SMCI Options History — May 2021

In May 2021, SMCI traded between $3.37 and $3.74. ATM implied volatility averaged 41.7%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 14.8% (HV 20d: 26.9%). Max pain ranged from $3.00 to $3.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2021-05-21: Highest Volume — 280 contracts
  • 2021-05-14: Largest IV spike — 54.0% change
  • 2021-05-04: Highest IV Rank — 35.0%
  • 2021-05-04: Largest Expected Move — 21.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.57$3.37$3.74$3.74$3.47
Max Pain$3.42$3.00$3.50$3.00$3.50
ATM IV41.7%27.8%74.0%61.1%36.6%
Expected Move11.6%7.3%21.2%17.5%10.5%
HV 20d26.9%20.2%32.4%20.2%32.4%
HV 60d30.9%29.3%33.9%33.9%29.3%
IV Rank15.3%1.6%35.0%25.6%12.6%
IV Percentile25.4%0.4%86.5%72.6%7.9%
Term Structure-1.6%-24.3%18.1%-8.9%-9.5%
VWIV51.0%23.9%136.6%136.6%28.6%
Skew 25d6.4%-7.9%32.0%1.6%20.8%
Skew 10d9.8%-17.0%57.2%30.7%29.9%
Call IV 25d40.1%27.1%66.5%62.2%43.4%
Put IV 25d46.5%27.7%71.5%63.8%64.2%
Bid-Ask Spread %113.2394.60127.7899.30114.13
Gamma HHI0.490.410.650.650.42
Net GEX22.6K11.0K39.2K39.2K11.0K
Net DEX-861.3K-1.4M-410.4K-1.4M-410.4K
Net VEX-2.7K-3.9K-2.1K-3.9K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.007.001.170.00
Total Volume10702802060
Total OI7,8094,1709,0709,0104,450

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$3.74$3.0061.1%17.5%20.2%25.6%136.6%1.6%-8.9%39.2K-1.4M-3.9K0.0099.300207,1201,890
2021-05-04$3.67$3.0074.0%21.2%21.0%35.0%74.1%5.0%-24.3%33.2K-1.2M-3.8K1.1796.091201407,1201,910
2021-05-05$3.64$3.0034.2%9.8%21.0%5.8%29.5%9.9%14.3%30.3K-1.0M-3.2K0.04111.97250107,0801,990
2021-05-06$3.59$3.5048.1%10.5%20.9%16.0%0.0%-7.9%3.5%36.1K-1.0M-3.4K0.00109.678007,0202,000
2021-05-07$3.63$3.5035.4%10.6%21.5%6.7%0.0%-2.1%-2.5%26.6K-956.9K-2.8K0.00113.280706,9902,000
2021-05-10$3.54$3.5028.5%7.3%21.8%1.6%0.0%19.0%18.1%18.3K-856.9K-2.7K0.09107.73110106,9902,030
2021-05-11$3.42$3.5038.9%8.2%24.2%9.3%23.9%11.9%6.5%15.9K-734.2K-2.7K7.00110.6610706,9902,020
2021-05-12$3.37$3.5035.3%10.1%24.3%6.6%0.0%1.5%2.8%22.1K-747.4K-2.7K0.00112.670207,0002,020
2021-05-13$3.47$3.5028.4%8.2%27.8%2.6%0.0%14.0%13.6%23.7K-797.9K-2.8K0.00114.5402007,0002,020
2021-05-14$3.61$3.5043.8%12.6%32.0%21.5%0.0%3.4%5.9%33.8K-1.0M-2.9K0.15123.21130207,0001,910
2021-05-17$3.60$3.5050.7%14.5%31.5%29.9%0.0%5.8%-18.7%33.1K-1.0M-2.7K0.00127.78007,0001,910
2021-05-18$3.60$3.5033.8%9.7%31.1%9.1%0.0%32.0%1.9%29.8K-1.0M-2.6K0.00122.51007,0001,910
2021-05-19$3.57$3.5044.0%12.6%30.3%21.7%0.0%1.3%-13.7%20.2K-930.2K-2.4K0.00122.63006,9901,910
2021-05-20$3.59$3.5039.6%11.4%30.0%16.4%0.0%6.9%-9.4%18.5K-1.0M-2.4K0.00121.3525006,9901,910
2021-05-21$3.57$3.5027.8%8.0%29.4%1.8%37.6%-7.2%15.6%11.1K-929.9K-2.1K0.04114.28270106,8801,910
2021-05-24$3.59$3.5038.5%11.0%29.2%15.0%36.1%3.4%-3.8%12.0K-473.7K-2.1K0.08119.40120103,260910
2021-05-25$3.56$3.5046.1%13.2%29.3%24.3%57.9%1.8%-4.5%12.3K-511.7K-2.3K1.0094.6020203,380920
2021-05-26$3.57$3.5044.4%12.7%29.3%22.2%34.2%3.1%-11.1%12.3K-511.0K-2.3K1.00111.7440403,400940
2021-05-27$3.63$3.5044.5%12.8%30.3%22.3%28.6%4.6%-8.3%12.3K-555.0K-2.4K0.00117.044003,440970
2021-05-28$3.47$3.5036.6%10.5%32.4%12.6%0.0%20.8%-9.5%11.0K-410.4K-2.1K0.00114.136003,480970