SMCI Options History — December 2021

In December 2021, SMCI traded between $4.12 and $4.54. ATM implied volatility averaged 43.5%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 12.6% (HV 20d: 31.0%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-12-23: Highest Volume — 2,290 contracts
  • 2021-12-03: Largest IV spike — 45.9% change
  • 2021-12-09: Highest IV Rank — 56.3%
  • 2021-12-03: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.30$4.12$4.54$4.25$4.41
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV43.5%25.4%64.3%33.3%37.0%
Expected Move11.0%7.3%16.8%9.5%10.6%
HV 20d31.0%26.3%68.1%68.1%27.2%
HV 60d43.2%42.8%43.6%43.5%43.4%
IV Rank29.8%6.5%56.3%16.7%21.5%
IV Percentile50.1%1.6%93.3%15.5%28.6%
Term Structure3.3%-9.5%16.0%-0.7%-6.5%
VWIV41.5%28.4%62.4%47.1%36.7%
Skew 25d6.5%-10.0%22.8%-10.0%-8.0%
Skew 10d15.3%-6.2%42.1%2.9%-0.5%
Call IV 25d39.4%29.4%52.4%52.4%39.9%
Put IV 25d45.9%31.9%64.7%42.4%31.9%
Bid-Ask Spread %100.6189.71110.1698.0499.16
Gamma HHI0.430.290.640.520.49
Net GEX48.4K12.8K120.6K81.3K32.7K
Net DEX-634.6K-1.4M-312.2K-858.3K-496.4K
Net VEX-3.8K-5.5K-3.0K-4.3K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.350.850.450.73
Total Volume1,772.7279702,2909701,520
Total OI11,942.2734,56017,25015,8705,790

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$4.25$4.0033.3%9.5%68.1%16.7%47.1%-10.0%-0.7%81.3K-858.3K-4.3K0.4598.0467030014,8601,010
2021-12-02$4.28$4.0040.2%11.5%50.0%25.5%40.5%11.5%-1.5%81.9K-826.0K-4.0K0.35108.1185030014,9101,020
2021-12-03$4.26$4.0058.6%16.8%31.1%49.0%62.4%22.8%-9.5%120.6K-1.4M-5.5K0.72110.1682059015,0901,000
2021-12-06$4.28$4.0053.3%9.8%31.3%42.3%41.9%14.0%12.5%88.4K-886.4K-4.6K0.5199.261,16059015,2101,300
2021-12-07$4.35$4.0053.3%9.8%30.3%42.3%42.6%9.3%12.3%104.4K-1.0M-4.7K0.5696.221,05059015,2501,290
2021-12-08$4.38$4.0048.7%10.5%30.5%36.3%40.3%-2.3%-4.1%96.9K-944.4K-4.2K0.5889.711,02059015,4401,290
2021-12-09$4.28$4.0064.3%12.7%29.7%56.3%48.5%10.0%-6.0%95.7K-948.9K-4.4K0.4896.661,24059015,4601,290
2021-12-10$4.28$4.0059.7%10.6%28.9%50.4%42.3%13.3%-0.4%91.6K-837.7K-4.1K0.5194.251,15059015,7201,300
2021-12-13$4.23$4.0044.7%10.5%28.7%31.2%41.0%7.0%15.1%44.6K-511.6K-3.3K0.3697.241,62059015,8001,300
2021-12-14$4.16$4.0049.1%11.2%28.5%36.9%42.5%2.9%9.1%14.0K-389.3K-3.3K0.43107.661,37059015,7601,290
2021-12-15$4.22$4.0036.6%10.5%27.9%20.9%38.5%4.6%16.0%31.9K-470.0K-3.3K0.4297.791,39059015,7601,290
2021-12-16$4.17$4.0044.7%12.8%26.4%31.3%44.4%10.4%-0.7%12.8K-444.1K-3.3K0.4396.661,45062015,8101,290
2021-12-17$4.12$4.0035.8%10.2%26.6%19.8%40.7%0.1%8.9%13.7K-352.0K-3.0K0.46104.251,35062015,9101,340
2021-12-20$4.13$4.0046.5%13.3%26.3%33.6%42.9%17.2%3.2%14.1K-363.7K-3.2K0.63102.391,1907503,5401,020
2021-12-21$4.26$4.0044.5%12.8%28.6%31.0%43.0%3.1%-0.4%13.6K-358.4K-3.6K0.6099.521,2407503,3801,320
2021-12-22$4.27$4.0046.5%13.3%27.7%33.6%41.5%9.3%-7.5%14.1K-319.0K-3.4K0.58100.681,3007503,4201,320
2021-12-23$4.28$4.0031.2%8.9%27.6%14.0%39.5%12.3%-0.5%14.9K-312.2K-3.4K0.49102.581,5407503,4801,320
2021-12-27$4.46$4.0025.4%7.3%26.4%6.5%33.3%6.2%8.5%21.1K-512.5K-3.6K0.74106.139807303,7001,320
2021-12-28$4.43$4.0027.4%7.8%26.8%9.1%28.4%7.4%15.8%21.9K-490.3K-3.5K0.60106.071,2407403,8301,330
2021-12-29$4.54$4.0037.6%10.8%26.3%22.2%35.5%9.9%9.1%27.0K-623.2K-4.0K0.85102.618707404,1101,350
2021-12-30$4.48$4.0039.3%11.3%26.5%24.3%40.3%-8.2%0.7%26.7K-588.4K-3.8K0.5798.391,0305904,1601,350
2021-12-31$4.41$4.0037.0%10.6%27.2%21.5%36.7%-8.0%-6.5%32.7K-496.4K-3.6K0.7399.168806404,4301,360