SMCI Options History — February 2022

In February 2022, SMCI traded between $3.80 and $4.38. ATM implied volatility averaged 49.1%, placing in the 45.6% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 6.4% (HV 20d: 55.5%). Max pain ranged from $3.50 to $4.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.14.

Notable Days

2022-02-01: Highest Volume — 2,710 contracts
2022-02-02: Largest IV drop — 35.6% change
2022-02-01: Highest IV Rank — 68.8%
2022-02-01: Largest Expected Move — 18.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.93	$3.80	$4.38	$4.17	$3.92
Max Pain	$3.82	$3.50	$4.00	$4.00	$4.00
ATM IV	49.1%	42.1%	65.5%	65.5%	45.3%
Expected Move	13.4%	10.0%	18.8%	18.8%	13.0%
HV 20d	55.5%	45.4%	60.3%	45.4%	53.7%
HV 60d	42.4%	35.6%	43.8%	35.6%	42.5%
IV Rank	45.6%	34.7%	68.8%	68.8%	39.8%
IV Percentile	69.5%	50.0%	96.4%	96.4%	61.9%
Term Structure	-6.0%	-20.3%	2.9%	-20.3%	-1.8%
VWIV	47.4%	37.0%	67.3%	67.3%	59.1%
Skew 25d	8.0%	-9.3%	31.2%	4.3%	17.0%
Skew 10d	17.0%	0.1%	51.8%	18.5%	25.9%
Call IV 25d	45.2%	36.6%	66.2%	66.2%	47.8%
Put IV 25d	53.2%	42.0%	70.5%	70.5%	64.8%
Bid-Ask Spread %	100.31	65.03	114.94	65.03	110.26
Gamma HHI	0.31	0.20	0.48	0.33	0.26
Net GEX	10.2K	5.2K	41.1K	18.0K	7.1K
Net DEX	-83.0K	-711.3K	68.9K	-279.6K	-74.8K
Net VEX	-2.3K	-3.5K	-1.8K	-3.1K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.35	1.64	0.35	1.30
Total Volume	1,719.474	1,380	2,710	2,710	1,750
Total OI	7,075.263	4,130	8,420	6,800	4,580

Daily Data (19 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
2022-02-01	$4.17	$4.00	65.5%	18.8%	45.4%	68.8%	67.3%	4.3%	-20.3%	18.0K	-279.6K	-3.1K	0.35	65.03	2,010	700	5,130	1,670
2022-02-02	$4.38	$4.00	42.2%	12.1%	46.0%	34.8%	46.5%	8.9%	2.9%	41.1K	-711.3K	-3.5K	0.61	93.67	1,110	680	6,430	1,990
2022-02-03	$3.90	$3.50	53.0%	12.2%	60.0%	52.0%	43.7%	0.5%	-1.0%	14.1K	-19.3K	-2.5K	0.73	94.34	820	600	6,220	1,940
2022-02-04	$3.84	$3.50	49.1%	10.0%	60.0%	45.8%	37.0%	2.9%	-2.1%	7.7K	68.9K	-2.3K	0.55	104.76	1,070	590	6,330	2,050
2022-02-07	$3.81	$3.50	53.7%	14.3%	60.0%	53.1%	47.7%	3.9%	-1.3%	10.9K	41	-2.5K	0.89	92.20	830	740	6,140	2,010
2022-02-08	$3.85	$3.50	55.7%	11.7%	60.3%	56.3%	40.9%	6.1%	-2.4%	9.9K	19.5K	-2.3K	1.16	94.34	640	740	6,120	2,070
2022-02-09	$3.85	$3.50	43.6%	12.5%	58.9%	37.0%	38.2%	3.6%	-4.6%	6.6K	-3.7K	-2.3K	1.04	94.38	690	720	6,120	2,070
2022-02-10	$3.85	$3.50	51.2%	14.7%	59.0%	49.1%	41.9%	-9.3%	-4.5%	8.0K	-10.5K	-2.4K	1.36	99.66	700	950	6,060	2,050
2022-02-11	$3.80	$3.50	47.0%	13.5%	58.5%	42.5%	47.2%	-1.1%	-0.8%	7.0K	-14.4K	-2.1K	1.63	106.33	760	1,240	6,070	1,840
2022-02-14	$3.82	$4.00	45.0%	12.9%	58.7%	39.3%	43.7%	22.2%	-9.8%	6.4K	24.8K	-2.1K	1.61	98.90	760	1,220	6,070	1,940
2022-02-15	$3.97	$4.00	49.4%	14.2%	60.3%	46.2%	45.1%	4.2%	-18.4%	8.4K	-91.1K	-2.1K	1.64	102.28	730	1,200	6,070	1,980
2022-02-16	$3.98	$4.00	44.9%	12.9%	53.8%	39.1%	42.5%	9.4%	-6.3%	9.3K	-110.2K	-2.1K	1.44	98.21	730	1,050	6,100	1,980
2022-02-17	$3.90	$4.00	50.7%	14.5%	54.2%	48.3%	47.4%	14.3%	-16.0%	8.6K	-81.4K	-2.2K	1.48	107.64	730	1,080	6,130	1,990
2022-02-18	$3.91	$4.00	45.2%	12.9%	53.6%	39.6%	43.1%	5.8%	-5.6%	6.0K	27.3K	-2.1K	1.18	110.31	720	850	6,130	2,010
2022-02-22	$3.94	$4.00	45.2%	13.0%	53.4%	39.6%	50.3%	11.3%	2.0%	6.3K	-69.3K	-1.8K	0.93	108.28	740	690	2,940	1,190
2022-02-23	$3.89	$4.00	53.1%	15.2%	53.1%	52.1%	44.7%	-1.2%	-11.5%	6.3K	-99.6K	-2.1K	1.04	110.88	700	730	3,050	1,190
2022-02-24	$3.90	$4.00	42.1%	12.1%	52.7%	34.7%	54.5%	18.8%	-4.2%	6.3K	-84.9K	-2.0K	1.41	114.94	700	990	3,070	1,190
2022-02-25	$4.01	$4.00	51.0%	14.6%	53.4%	48.9%	60.8%	31.2%	-8.5%	5.2K	-67.9K	-2.1K	1.38	99.55	720	990	3,060	1,450
2022-02-28	$3.92	$4.00	45.3%	13.0%	53.7%	39.8%	59.1%	17.0%	-1.8%	7.1K	-74.8K	-2.1K	1.30	110.26	760	990	3,130	1,450