SMCI Options History — November 2021

In November 2021, SMCI traded between $3.66 and $4.67. ATM implied volatility averaged 43.1%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 16.5% (HV 20d: 59.6%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2021-11-03: Highest Volume — 15,750 contracts
  • 2021-11-26: Largest IV spike — 47.4% change
  • 2021-11-01: Highest IV Rank — 46.6%
  • 2021-11-01: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.25$3.66$4.67$3.66$4.17
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV43.1%31.2%56.6%56.6%54.5%
Expected Move12.0%8.9%16.2%16.2%15.6%
HV 20d59.6%21.9%68.1%22.1%67.9%
HV 60d41.7%27.6%44.1%27.6%43.9%
IV Rank29.3%14.0%46.6%46.6%43.8%
IV Percentile48.2%12.7%85.7%85.7%83.3%
Term Structure-3.5%-20.2%7.3%-14.8%-12.1%
VWIV44.4%33.7%74.4%54.0%64.9%
Skew 25d2.3%-7.8%19.6%16.5%5.1%
Skew 10d8.0%-23.5%53.9%12.3%45.9%
Call IV 25d42.9%32.8%75.4%48.4%56.9%
Put IV 25d45.2%33.3%79.2%64.8%62.0%
Bid-Ask Spread %95.8866.61118.4791.48108.69
Gamma HHI0.560.390.690.390.56
Net GEX108.9K5.6K198.5K5.6K77.0K
Net DEX-1.4M-3.0M-36.9K-36.9K-842.1K
Net VEX-5.5K-9.4K-1.2K-1.2K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.166.041.030.47
Total Volume3,926.1971015,750710870
Total OI18,790.9523,61025,2503,61015,820

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$3.66$4.0056.6%16.2%22.1%46.6%54.0%16.5%-14.8%5.6K-36.9K-1.2K1.0391.483503602,4901,120
2021-11-02$3.69$4.0043.1%12.4%21.9%29.2%52.4%-1.2%-1.6%6.9K-76.3K-1.3K6.0466.614902,9602,5601,260
2021-11-03$4.20$4.0040.0%11.5%50.6%25.2%39.8%1.3%-3.4%19.6K-549.5K-1.5K0.2477.6012,7503,0002,6603,890
2021-11-04$4.67$4.0043.1%11.8%61.4%29.2%40.8%-4.3%-2.7%162.5K-2.8M-7.3K0.3889.038,9603,41013,9604,030
2021-11-05$4.65$4.0052.2%10.8%61.1%40.8%34.8%2.1%-0.6%195.6K-3.0M-9.4K0.8891.813,6003,18017,7004,610
2021-11-08$4.51$4.0043.9%10.0%63.0%30.2%33.7%-4.3%1.5%174.4K-2.2M-7.6K0.8890.592,3602,07018,9504,870
2021-11-09$4.50$4.0043.8%11.1%61.4%30.1%37.6%8.7%2.0%198.5K-3.0M-9.2K0.9296.322,2402,07019,4705,150
2021-11-10$4.37$4.0041.8%12.0%62.8%27.5%38.9%7.9%-3.9%158.5K-2.1M-7.8K1.0595.442,1402,25019,3905,130
2021-11-11$4.44$4.0034.8%10.0%62.9%18.6%36.9%-0.9%0.9%168.8K-2.3M-8.0K1.9490.741,1202,17019,4105,220
2021-11-12$4.37$4.0040.2%11.5%63.0%25.5%37.4%4.0%-1.3%155.0K-1.9M-7.3K2.0595.111,0602,17019,4405,230
2021-11-15$4.29$4.0038.0%10.9%63.3%22.7%38.5%-7.8%-0.1%136.2K-1.7M-6.1K2.1692.769702,10019,4505,230
2021-11-16$4.38$4.0039.1%11.2%63.4%24.1%38.3%3.7%3.3%159.0K-1.9M-6.6K1.5697.861,2201,90019,4405,280
2021-11-17$4.26$4.0039.2%11.2%64.8%24.2%37.6%-4.0%-1.3%106.0K-1.2M-4.9K1.8698.811,0501,95019,8605,370
2021-11-18$4.28$4.0037.2%10.7%64.8%21.6%37.7%3.3%0.1%120.5K-1.3M-5.1K1.0996.821,7901,95019,9405,310
2021-11-19$4.22$4.0031.2%8.9%65.2%14.0%39.9%2.4%5.6%86.0K-1.3M-5.2K1.69102.681,1401,93019,5405,310
2021-11-22$4.25$4.0040.1%11.5%65.1%25.4%40.0%-6.4%-4.1%75.4K-815.5K-4.4K0.1697.391,28021013,910950
2021-11-23$4.17$4.0038.2%11.0%65.9%23.0%46.3%-2.7%-9.7%65.6K-747.7K-4.1K0.17103.431,28022014,660970
2021-11-24$4.20$4.0037.4%10.7%65.8%22.0%48.5%2.5%7.3%96.7K-1.1M-5.2K0.21118.471,25026014,660970
2021-11-26$4.03$4.0055.2%15.8%68.1%44.7%74.4%3.8%-20.2%59.9K-721.8K-4.2K0.21103.631,22026014,6901,020
2021-11-29$4.05$4.0056.0%16.1%68.0%45.8%60.6%19.6%-17.5%60.0K-639.0K-3.8K0.59108.2256033014,6901,000
2021-11-30$4.17$4.0054.5%15.6%67.9%43.8%64.9%5.1%-12.1%77.0K-842.1K-4.4K0.47108.6959028014,7801,040