SMCI Options History — June 2021

In June 2021, SMCI traded between $3.40 and $3.70. ATM implied volatility averaged 32.0%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 3.1% (HV 20d: 28.8%). Max pain ranged from $3.00 to $3.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.12.

Notable Days

  • 2021-06-29: Highest Volume — 4,030 contracts
  • 2021-06-14: Largest IV spike — 65.6% change
  • 2021-06-14: Highest IV Rank — 26.0%
  • 2021-06-14: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.57$3.40$3.70$3.52$3.53
Max Pain$3.05$3.00$3.50$3.50$3.00
ATM IV32.0%22.9%46.4%24.8%28.4%
Expected Move9.0%6.6%13.3%7.1%8.2%
HV 20d28.8%23.4%33.5%32.4%24.6%
HV 60d27.0%25.0%28.3%28.3%26.5%
IV Rank9.1%0.0%26.0%0.0%6.6%
IV Percentile10.0%0.0%49.6%0.0%4.0%
Term Structure4.0%-11.5%16.7%12.7%5.8%
VWIV30.8%20.9%37.4%28.9%28.7%
Skew 25d2.0%-14.8%40.6%24.3%-1.2%
Skew 10d1.4%-23.2%75.7%36.6%-1.2%
Call IV 25d36.4%24.6%51.5%38.1%30.6%
Put IV 25d38.4%25.8%75.4%62.3%29.4%
Bid-Ask Spread %110.5481.61129.15116.52109.77
Gamma HHI0.450.380.520.380.45
Net GEX16.1K12.9K22.3K12.9K22.3K
Net DEX-580.2K-675.3K-475.6K-497.7K-603.7K
Net VEX-2.2K-2.5K-1.9K-2.3K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.000.000.00
Total Volume433.18204,03020110
Total OI4,777.7274,6105,0804,6105,080

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$3.52$3.5024.8%7.1%32.4%0.0%0.0%24.3%12.7%12.9K-497.7K-2.3K0.00116.522003,640970
2021-06-02$3.62$3.5035.2%10.1%33.5%12.5%0.0%-8.5%-9.7%12.9K-585.9K-2.4K0.08119.15130103,660970
2021-06-03$3.63$3.0026.8%10.4%33.4%2.4%28.9%2.7%1.0%13.6K-592.7K-2.4K0.00112.867003,670980
2021-06-04$3.67$3.0040.3%8.7%33.2%18.6%0.0%-6.0%-2.9%15.5K-639.9K-2.4K0.00110.788003,740980
2021-06-07$3.70$3.0031.5%10.2%33.2%8.1%0.0%11.5%0.2%15.8K-670.1K-2.4K0.00103.673003,790980
2021-06-08$3.69$3.0046.2%8.7%31.8%25.8%35.4%5.4%3.5%15.3K-675.3K-2.4K0.05104.66220103,760980
2021-06-09$3.63$3.0031.0%8.9%29.3%7.5%0.0%-2.6%-9.6%13.2K-616.5K-2.4K0.0099.82003,760990
2021-06-10$3.64$3.0033.7%9.7%28.6%10.8%0.0%11.9%16.7%13.3K-618.6K-2.5K0.00119.73003,760990
2021-06-11$3.65$3.0028.0%8.0%26.8%3.9%0.0%-2.8%16.4%13.6K-606.1K-2.3K0.00109.47003,760990
2021-06-14$3.62$3.0046.4%13.3%23.4%26.0%0.0%2.8%-3.5%14.0K-585.5K-2.3K0.00114.820103,760990
2021-06-15$3.62$3.0028.3%8.1%23.4%4.3%0.0%-2.5%9.1%14.7K-591.1K-2.2K0.00112.57003,760980
2021-06-16$3.59$3.0046.2%13.2%23.6%25.8%0.0%-8.8%-11.5%14.5K-592.1K-2.2K0.00129.158003,760980
2021-06-17$3.55$3.0028.0%8.0%23.6%3.9%32.2%-9.4%9.1%12.9K-537.5K-2.2K0.00119.459003,760980
2021-06-18$3.41$3.0030.9%8.9%27.6%7.4%31.0%-9.5%5.7%14.5K-509.0K-2.1K0.00108.6015003,950980
2021-06-21$3.49$3.0029.0%8.3%28.9%5.1%29.0%-14.8%12.9%17.4K-542.7K-2.2K0.00114.834003,780960
2021-06-22$3.40$3.0031.5%9.0%29.9%8.2%37.4%-5.6%9.3%16.4K-479.3K-2.1K1.00115.4520203,800960
2021-06-23$3.44$3.0028.0%8.0%30.2%3.9%31.2%-11.8%0.0%18.1K-475.6K-1.9K0.07107.613,6502603,800980
2021-06-24$3.53$3.0028.7%8.2%31.7%4.8%32.7%-4.9%3.7%19.2K-553.4K-2.0K0.0081.6113003,800980
2021-06-25$3.58$3.0022.9%6.6%31.4%0.0%20.9%1.1%5.0%21.9K-626.6K-1.9K0.00120.0230003,900980
2021-06-28$3.53$3.0028.1%8.1%27.2%6.2%28.1%40.6%10.3%20.5K-600.4K-2.1K0.75101.1640303,900980
2021-06-29$3.53$3.0029.4%8.4%26.7%7.7%34.3%31.6%3.2%21.2K-563.9K-2.0K0.07100.293,7602703,9301,010
2021-06-30$3.53$3.0028.4%8.2%24.6%6.6%28.7%-1.2%5.8%22.3K-603.7K-2.1K0.00109.7711004,0701,010