SMCI Options History — September 2021

In September 2021, SMCI traded between $3.60 and $3.80. ATM implied volatility averaged 38.9%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 7.9% (HV 20d: 31.1%). Max pain ranged from $3.00 to $3.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.04.

Notable Days

2021-09-30: Highest Volume — 920 contracts
2021-09-30: Largest IV spike — 51.7% change
2021-09-30: Highest IV Rank — 46.4%
2021-09-30: Largest Expected Move — 16.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.70	$3.60	$3.80	$3.74	$3.66
Max Pain	$3.40	$3.00	$3.50	$3.50	$3.50
ATM IV	38.9%	25.4%	56.5%	31.2%	56.5%
Expected Move	11.4%	8.0%	16.2%	8.9%	16.2%
HV 20d	31.1%	27.0%	35.1%	33.5%	27.0%
HV 60d	31.6%	30.9%	32.3%	31.4%	31.7%
IV Rank	23.9%	6.6%	46.4%	14.0%	46.4%
IV Percentile	35.8%	1.6%	83.3%	11.1%	83.3%
Term Structure	-3.1%	-26.3%	14.1%	-0.8%	-22.3%
VWIV	37.8%	27.3%	59.9%	31.9%	59.9%
Skew 25d	8.7%	-7.1%	26.5%	2.7%	26.5%
Skew 10d	13.0%	-18.0%	54.7%	4.9%	10.6%
Call IV 25d	32.5%	25.0%	43.1%	31.6%	25.0%
Put IV 25d	41.2%	31.8%	55.5%	34.4%	51.5%
Bid-Ask Spread %	109.98	97.31	123.67	105.26	120.77
Gamma HHI	0.45	0.34	0.68	0.60	0.41
Net GEX	5.5K	870	9.5K	6.8K	6.9K
Net DEX	-101.2K	-172.1K	-16.7K	-125.4K	-108.6K
Net VEX	-1.8K	-1.9K	-1.6K	-1.6K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.04	0.00	37.00	0.04	0.01
Total Volume	139.048	10	920	260	920
Total OI	3,211.905	2,660	3,540	2,660	3,490

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-09-01	$3.74	$3.50	31.2%	8.9%	33.5%	14.0%	31.9%	2.7%	-0.8%	6.8K	-125.4K	-1.6K	0.04	105.26	250	10	1,830	830
2021-09-02	$3.79	$3.00	25.4%	10.5%	33.2%	6.6%	37.1%	9.6%	0.3%	8.8K	-172.1K	-1.8K	0.13	103.93	80	10	1,950	870
2021-09-03	$3.80	$3.00	26.8%	9.4%	33.0%	8.3%	0.0%	10.0%	3.2%	9.5K	-164.1K	-1.7K	0.00	97.31	60	0	1,940	870
2021-09-07	$3.67	$3.00	40.3%	12.5%	34.9%	25.7%	48.9%	6.7%	1.0%	6.5K	-114.7K	-1.6K	37.00	107.13	10	370	1,980	870
2021-09-08	$3.63	$3.00	41.0%	11.7%	34.9%	26.5%	0.0%	1.7%	-12.2%	6.7K	-95.7K	-1.6K	0.00	106.47	120	0	2,020	870
2021-09-09	$3.68	$3.50	41.9%	12.0%	35.1%	27.7%	0.0%	8.9%	-9.7%	2.7K	-66.9K	-1.8K	0.00	105.22	50	0	2,020	1,220
2021-09-10	$3.67	$3.50	50.0%	14.3%	34.9%	38.1%	0.0%	14.2%	-26.3%	3.7K	-48.4K	-1.7K	0.00	105.15	0	10	2,130	1,220
2021-09-13	$3.71	$3.50	46.8%	13.4%	29.5%	34.0%	0.0%	8.7%	-17.4%	3.8K	-104.2K	-1.9K	0.00	106.95	30	0	2,170	1,220
2021-09-14	$3.60	$3.50	45.3%	13.0%	31.2%	32.1%	41.0%	5.3%	-10.1%	870	-22.1K	-1.7K	0.40	103.43	50	20	2,170	1,220
2021-09-15	$3.63	$3.50	45.6%	13.1%	31.1%	32.5%	0.0%	5.5%	-21.1%	3.7K	-16.7K	-1.6K	0.00	109.02	130	0	2,200	1,220
2021-09-16	$3.65	$3.50	38.5%	11.0%	30.2%	23.3%	35.5%	20.8%	11.5%	3.3K	-70.3K	-1.8K	0.00	111.02	10	0	2,220	1,230
2021-09-17	$3.69	$3.50	29.6%	8.5%	28.5%	12.0%	27.3%	-7.1%	12.1%	3.7K	-63.0K	-1.8K	0.00	112.24	80	0	2,310	1,230
2021-09-20	$3.63	$3.50	39.2%	11.2%	28.4%	24.2%	38.6%	5.5%	6.0%	3.9K	-88.5K	-1.8K	1.00	116.18	20	20	1,970	1,110
2021-09-21	$3.67	$3.50	44.1%	12.7%	28.6%	30.5%	41.0%	9.5%	-0.5%	3.5K	-59.1K	-1.8K	0.00	112.81	120	0	1,980	1,110
2021-09-22	$3.79	$3.50	28.0%	8.0%	30.5%	9.9%	28.5%	23.3%	9.1%	4.8K	-138.7K	-1.9K	0.00	111.05	310	0	2,000	1,130
2021-09-23	$3.76	$3.50	32.1%	9.2%	30.8%	15.2%	32.3%	12.9%	8.3%	5.5K	-139.9K	-1.9K	0.17	107.62	60	10	2,070	1,130
2021-09-24	$3.75	$3.50	44.5%	12.8%	29.8%	31.1%	0.0%	4.9%	-18.8%	7.1K	-133.1K	-1.9K	0.00	108.45	10	0	2,230	1,130
2021-09-27	$3.79	$3.50	38.7%	11.1%	29.2%	23.6%	31.8%	5.1%	14.1%	8.0K	-150.0K	-1.8K	0.09	117.36	110	10	2,270	1,130
2021-09-28	$3.72	$3.50	34.4%	9.9%	29.9%	18.2%	0.0%	2.9%	9.6%	8.5K	-149.8K	-1.8K	0.00	118.56	0	10	2,270	1,130
2021-09-29	$3.66	$3.50	37.3%	10.7%	28.0%	21.8%	0.0%	4.2%	-0.6%	7.1K	-93.7K	-1.8K	0.00	123.67	30	0	2,350	1,140
2021-09-30	$3.66	$3.50	56.5%	16.2%	27.0%	46.4%	59.9%	26.5%	-22.3%	6.9K	-108.6K	-1.8K	0.01	120.77	910	10	2,350	1,140