SMCI Options History — January 2022

In January 2022, SMCI traded between $3.88 and $4.74. ATM implied volatility averaged 47.1%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 7.8% (HV 20d: 39.3%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.41.

Notable Days

2022-01-20: Highest Volume — 2,510 contracts
2022-01-06: Largest IV spike — 55.7% change
2022-01-25: Highest IV Rank — 61.9%
2022-01-25: Largest Expected Move — 19.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.31	$3.88	$4.74	$4.53	$4.02
Max Pain	$4.03	$4.00	$4.50	$4.00	$4.00
ATM IV	47.1%	29.1%	68.6%	43.4%	55.8%
Expected Move	14.1%	8.4%	19.7%	12.4%	16.0%
HV 20d	39.3%	28.4%	46.6%	28.4%	44.3%
HV 60d	46.3%	41.2%	49.3%	43.5%	41.2%
IV Rank	35.3%	11.4%	61.9%	29.6%	54.1%
IV Percentile	59.3%	9.9%	95.2%	53.2%	85.7%
Term Structure	-2.8%	-18.5%	19.2%	4.2%	-8.1%
VWIV	51.4%	27.5%	69.1%	40.6%	63.0%
Skew 25d	5.4%	-6.2%	30.1%	-6.2%	-0.9%
Skew 10d	9.2%	-13.4%	36.2%	-13.4%	-1.8%
Call IV 25d	50.0%	29.0%	62.4%	43.7%	62.4%
Put IV 25d	55.5%	32.3%	87.8%	37.6%	61.5%
Bid-Ask Spread %	88.41	73.91	105.79	91.31	73.91
Gamma HHI	0.40	0.27	0.59	0.42	0.36
Net GEX	32.6K	9.5K	68.3K	30.2K	12.9K
Net DEX	-530.4K	-1.1M	7.1K	-674.9K	-123.7K
Net VEX	-3.7K	-4.3K	-2.5K	-3.9K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.21	0.77	0.77	0.44
Total Volume	1,629.5	1,130	2,510	1,680	1,310
Total OI	7,272.5	5,770	9,080	5,770	6,820

Daily Data (20 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
2022-01-03	$4.53	$4.00	43.4%	12.4%	28.4%	29.6%	40.6%	-6.2%	4.2%	30.2K	-674.9K	-3.9K	0.77	91.31	950	730	4,370	1,400
2022-01-04	$4.74	$4.00	29.1%	8.4%	32.2%	11.4%	27.5%	3.4%	15.5%	34.5K	-958.9K	-4.1K	0.39	89.67	1,420	550	4,530	1,580
2022-01-05	$4.54	$4.50	34.4%	9.9%	35.9%	18.1%	36.8%	-4.9%	19.2%	37.1K	-730.6K	-4.1K	0.46	105.79	1,110	510	4,950	1,670
2022-01-06	$4.50	$4.00	53.5%	15.1%	36.0%	42.6%	55.9%	-3.3%	-5.0%	31.3K	-700.8K	-4.2K	0.32	80.19	1,540	490	5,220	1,670
2022-01-07	$4.43	$4.00	35.7%	14.4%	35.4%	19.8%	52.4%	13.4%	-10.8%	35.0K	-543.3K	-4.0K	0.35	83.39	1,100	390	5,400	1,690
2022-01-10	$4.37	$4.00	40.2%	14.9%	35.7%	25.5%	55.8%	4.4%	-16.5%	37.5K	-642.6K	-4.2K	0.43	86.78	900	390	5,690	1,710
2022-01-11	$4.50	$4.00	34.0%	13.6%	36.7%	17.6%	50.9%	18.0%	-5.8%	49.3K	-769.6K	-4.3K	0.50	84.00	780	390	5,920	1,720
2022-01-12	$4.49	$4.00	40.0%	11.5%	35.9%	25.3%	44.7%	-2.0%	-3.1%	47.0K	-862.9K	-4.2K	0.35	86.77	1,110	390	6,020	1,720
2022-01-13	$4.54	$4.00	35.4%	10.1%	35.8%	19.4%	44.1%	9.1%	1.7%	57.7K	-844.5K	-4.2K	0.35	85.01	1,190	420	6,010	1,740
2022-01-14	$4.55	$4.00	46.7%	13.4%	35.4%	33.8%	47.1%	16.9%	9.1%	68.3K	-904.1K	-4.2K	0.43	76.45	960	410	6,060	1,750
2022-01-18	$4.62	$4.00	38.7%	11.1%	35.0%	23.5%	40.3%	5.7%	4.0%	63.0K	-1.1M	-4.1K	0.45	92.36	1,080	490	6,110	1,760
2022-01-19	$4.26	$4.00	59.5%	17.1%	46.6%	50.2%	53.8%	-3.6%	-17.4%	31.3K	-416.1K	-3.5K	0.21	83.10	2,020	420	6,230	1,860
2022-01-20	$4.25	$4.00	46.1%	13.2%	45.3%	33.1%	50.8%	2.9%	0.7%	35.6K	-459.3K	-3.8K	0.26	80.91	2,000	510	6,840	1,920
2022-01-21	$4.14	$4.00	60.8%	17.4%	46.2%	51.9%	62.6%	3.8%	-14.5%	18.6K	-382.8K	-3.6K	0.24	84.88	1,990	480	7,080	2,000
2022-01-24	$4.06	$4.00	53.2%	15.2%	46.5%	42.1%	55.7%	-0.8%	-1.2%	16.4K	-167.7K	-3.0K	0.42	87.95	1,060	450	5,270	1,660
2022-01-25	$3.98	$4.00	68.6%	19.7%	44.0%	61.9%	69.1%	10.7%	-18.5%	14.3K	-199.5K	-3.3K	0.45	99.93	890	400	5,110	1,650
2022-01-26	$3.90	$4.00	55.2%	15.8%	44.3%	44.7%	60.3%	30.1%	-1.0%	11.1K	-52.7K	-2.8K	0.40	98.94	990	400	5,120	1,660
2022-01-27	$3.88	$4.00	54.2%	15.5%	42.8%	43.4%	58.5%	2.9%	-6.9%	9.5K	7.1K	-2.5K	0.49	97.60	830	410	5,100	1,660
2022-01-28	$3.96	$4.00	58.3%	16.7%	43.9%	57.9%	57.2%	8.9%	-0.6%	12.2K	-66.3K	-2.7K	0.57	99.36	720	410	5,110	1,670
2022-01-31	$4.02	$4.00	55.8%	16.0%	44.3%	54.1%	63.0%	-0.9%	-8.1%	12.9K	-123.7K	-2.8K	0.44	73.91	910	400	5,150	1,670