SMCI Options History — August 2021

In August 2021, SMCI traded between $3.48 and $3.90. ATM implied volatility averaged 39.7%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 7.0% (HV 20d: 32.7%). Max pain ranged from $2.50 to $3.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.09.

Notable Days

  • 2021-08-10: Highest Volume — 2,080 contracts
  • 2021-08-19: Largest IV spike — 67.9% change
  • 2021-08-10: Highest IV Rank — 61.7%
  • 2021-08-04: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.69$3.48$3.90$3.75$3.67
Max Pain$3.39$2.50$3.50$2.50$3.50
ATM IV39.7%22.1%69.2%39.8%43.2%
Expected Move10.6%6.3%14.6%11.4%12.4%
HV 20d32.7%26.3%36.1%36.1%32.6%
HV 60d30.4%28.4%32.0%31.2%31.1%
IV Rank24.7%2.3%61.7%24.6%29.4%
IV Percentile34.1%0.4%93.7%26.2%47.6%
Term Structure0.6%-20.3%20.7%-16.1%-20.3%
VWIV40.6%29.5%59.6%46.8%44.2%
Skew 25d7.4%-11.7%38.6%26.3%3.7%
Skew 10d14.3%-14.2%64.7%11.6%6.5%
Call IV 25d36.6%24.9%45.9%41.6%41.6%
Put IV 25d44.0%21.5%71.9%67.9%45.4%
Bid-Ask Spread %102.9989.43113.40102.6791.32
Gamma HHI0.650.460.940.740.55
Net GEX10.3K-5.3K29.8K12.3K6.0K
Net DEX-499.8K-959.8K20.1K-690.0K-101.5K
Net VEX-1.4K-1.8K-1.1K-1.8K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.0016.750.050.22
Total Volume296.364102,080200220
Total OI5,120.4552,2107,6905,0802,670

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$3.75$2.5039.8%11.4%36.1%24.6%46.8%26.3%-16.1%12.3K-690.0K-1.8K0.05102.67190103,7601,320
2021-08-03$3.80$2.5035.7%10.2%35.0%19.5%59.6%8.6%2.2%16.5K-788.4K-1.7K0.00106.6120003,8101,320
2021-08-04$3.79$3.0051.0%14.6%34.8%38.8%50.8%19.0%-16.3%15.0K-750.1K-1.8K0.00105.749003,9101,340
2021-08-05$3.86$3.5047.3%11.7%34.0%34.2%40.9%4.9%-3.8%17.5K-848.9K-1.6K0.0089.4314003,9901,340
2021-08-06$3.90$3.5050.7%11.7%33.4%38.5%37.5%8.0%-1.3%17.6K-937.8K-1.8K0.0593.59200104,0101,340
2021-08-09$3.88$3.5053.0%10.0%30.8%41.3%36.2%-2.7%10.1%20.7K-929.0K-1.6K0.0895.27250204,0401,330
2021-08-10$3.85$3.5069.2%11.7%29.9%61.7%39.9%-9.8%-4.5%18.5K-874.2K-1.7K0.2790.001,6404404,1701,340
2021-08-11$3.88$3.5025.8%7.4%26.3%7.0%29.5%9.9%11.9%29.8K-959.8K-1.4K2.12107.263307004,3301,350
2021-08-12$3.83$3.5031.0%8.9%27.2%13.7%0.0%1.0%10.2%28.5K-874.0K-1.6K4.00110.28401605,7801,850
2021-08-13$3.63$3.5034.7%10.0%33.6%18.5%35.0%-2.6%10.3%12.3K-524.3K-1.6K0.0994.55110105,8101,740
2021-08-16$3.69$3.5027.5%7.9%33.5%9.3%0.0%-6.1%7.4%8.7K-652.7K-1.2K0.29101.1370205,8201,680
2021-08-17$3.65$3.5043.4%12.4%33.6%29.6%0.0%4.0%-12.1%1.2K-629.5K-1.2K0.00101.543005,8101,670
2021-08-18$3.58$3.5022.1%6.3%34.5%2.3%0.0%-11.7%20.7%2.1K-460.4K-1.2K0.00113.4021005,8701,660
2021-08-19$3.48$3.5037.0%10.6%35.0%21.5%37.6%-1.8%10.3%-5.3K-299.4K-1.1K16.75105.99406705,8801,660
2021-08-20$3.56$3.5038.2%10.9%35.2%22.9%0.0%35.2%-3.0%4.2K-656.2K-1.1K0.00104.7926006,0301,660
2021-08-23$3.58$3.5030.8%8.8%35.2%13.5%33.7%34.0%6.8%2.8K-18.5K-1.4K0.00106.4913001,410800
2021-08-24$3.55$3.5028.9%8.3%34.7%11.0%0.0%-6.9%-0.2%3.1K8.0K-1.3K0.00112.131001,540800
2021-08-25$3.57$3.5037.1%10.6%32.9%21.6%0.0%-0.5%1.9%4.2K-18.6K-1.4K0.00109.111001,640800
2021-08-26$3.50$3.5041.2%11.8%30.0%26.8%0.0%3.4%6.0%3.4K20.1K-1.3K0.00102.953001,640800
2021-08-27$3.58$3.5045.6%13.1%30.2%32.4%35.6%7.3%-6.0%4.1K-10.2K-1.4K0.13112.13230301,650800
2021-08-30$3.54$3.5040.3%11.6%30.2%25.7%0.0%38.6%-0.4%3.8K-630-1.3K0.00109.302001,680800
2021-08-31$3.67$3.5043.2%12.4%32.6%29.4%44.2%3.7%-20.3%6.0K-101.5K-1.6K0.2291.32180401,840830