SMCI Options History — July 2021

In July 2021, SMCI traded between $3.30 and $3.80. ATM implied volatility averaged 42.5%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 12.4% (HV 20d: 30.1%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2021-07-13: Highest Volume — 520 contracts
  • 2021-07-02: Largest IV spike — 67.1% change
  • 2021-07-13: Highest IV Rank — 59.2%
  • 2021-07-30: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.50$3.30$3.80$3.56$3.80
Max Pain$2.55$2.50$3.00$3.00$2.50
ATM IV42.5%20.3%72.1%20.3%56.4%
Expected Move11.1%5.8%16.2%5.8%16.2%
HV 20d30.1%24.5%35.7%24.7%35.7%
HV 60d28.9%26.5%31.2%26.5%31.2%
IV Rank27.1%0.0%59.2%0.0%45.6%
IV Percentile37.2%0.0%90.9%0.0%80.2%
Term Structure1.1%-25.8%15.3%13.4%-25.8%
VWIV40.9%28.6%65.8%31.1%37.8%
Skew 25d6.7%-14.9%47.0%-3.6%10.1%
Skew 10d12.8%-26.4%83.6%10.7%19.0%
Call IV 25d39.5%27.4%66.3%36.5%40.1%
Put IV 25d46.2%31.1%77.5%32.9%50.2%
Bid-Ask Spread %105.9288.81115.9088.81104.92
Gamma HHI0.500.390.810.590.81
Net GEX17.8K11.9K37.8K37.8K13.0K
Net DEX-516.8K-767.3K-331.6K-656.2K-767.3K
Net VEX-1.8K-2.2K-1.5K-2.2K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.0010.330.060.23
Total Volume125.23805200160
Total OI5,017.1434,6305,7805,1804,990

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$3.56$3.0020.3%5.8%24.7%0.0%0.0%-3.6%13.4%37.8K-656.2K-2.2K0.0088.81004,1701,010
2021-07-02$3.55$3.0033.8%9.7%24.5%15.5%31.1%47.0%5.6%22.9K-621.4K-2.2K0.06111.43160104,1701,010
2021-07-06$3.47$2.5030.8%7.4%25.1%12.1%0.0%-5.9%9.9%23.7K-496.3K-1.8K0.00114.771004,0701,010
2021-07-07$3.44$2.5041.5%9.4%25.2%24.3%0.0%6.8%5.9%20.5K-442.1K-1.7K0.00103.711004,0601,010
2021-07-08$3.38$2.5040.4%9.6%25.4%23.0%0.0%3.5%12.7%18.1K-382.2K-1.6K0.00109.0601304,0101,010
2021-07-09$3.46$2.5036.8%9.4%27.2%18.9%0.0%6.2%14.1%23.9K-479.4K-1.8K0.00104.832004,0101,140
2021-07-12$3.36$2.5059.9%11.1%28.8%45.3%35.2%6.1%-6.7%17.0K-354.8K-1.5K0.33108.0230104,0301,140
2021-07-13$3.30$2.5072.1%11.0%29.3%59.2%0.0%3.0%-1.1%14.5K-331.6K-1.5K0.63103.313202004,0301,150
2021-07-14$3.45$2.5037.3%10.7%34.4%21.5%33.1%11.6%4.3%21.9K-507.7K-1.9K0.00106.7017004,3401,250
2021-07-15$3.46$2.5037.1%10.7%34.3%21.3%52.2%6.8%15.3%29.6K-527.6K-1.9K0.1794.5860104,4901,250
2021-07-16$3.41$2.5031.6%9.1%34.4%14.4%36.8%17.6%-8.1%13.2K-481.2K-1.9K0.00103.773004,5201,260
2021-07-19$3.47$2.5034.6%9.9%31.8%18.2%0.0%18.7%2.7%13.4K-528.2K-1.9K0.00111.272003,870990
2021-07-20$3.52$2.5036.6%10.5%31.3%20.6%38.0%3.7%-15.5%13.9K-547.9K-1.9K0.00106.0139003,890990
2021-07-21$3.52$2.5035.5%10.2%29.9%19.2%28.6%-0.0%3.2%12.6K-480.8K-1.6K0.05107.74220103,640990
2021-07-22$3.44$2.5053.4%15.3%30.9%41.8%50.3%-10.2%-9.9%11.9K-480.1K-1.7K0.17115.9060103,640990
2021-07-23$3.50$2.5033.0%9.5%30.4%16.1%32.6%7.9%2.9%13.3K-494.5K-1.5K0.00114.304003,650990
2021-07-26$3.54$2.5054.9%15.7%30.1%43.7%50.0%4.2%-6.2%12.7K-485.1K-1.6K0.50100.0020103,650990
2021-07-27$3.47$2.5048.4%13.9%30.4%35.6%0.0%15.2%-14.2%12.3K-471.7K-1.5K0.00103.11003,640990
2021-07-28$3.58$2.5053.8%15.4%32.5%42.3%65.8%-14.9%5.3%13.4K-558.9K-1.6K10.33108.48303103,6601,000
2021-07-29$3.73$2.5045.0%12.9%35.3%31.2%40.8%6.0%14.8%15.0K-757.0K-1.7K0.06103.62170103,6601,000
2021-07-30$3.80$2.5056.4%16.2%35.7%45.6%37.8%10.1%-25.8%13.0K-767.3K-1.8K0.23104.92130303,6801,310