SMCI Options History — March 2022

In March 2022, SMCI traded between $3.81 and $4.31. ATM implied volatility averaged 46.3%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded above realized volatility by 8.0% (HV 20d: 38.3%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 1.33.

Notable Days

  • 2022-03-23: Highest Volume — 3,740 contracts
  • 2022-03-28: Largest IV spike — 54.2% change
  • 2022-03-04: Highest IV Rank — 82.1%
  • 2022-03-10: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.16$3.81$4.31$4.00$3.81
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV46.3%30.8%71.9%46.9%47.3%
Expected Move15.2%11.5%22.0%13.4%11.8%
HV 20d38.3%31.7%56.3%53.9%39.6%
HV 60d44.9%42.7%46.4%42.7%45.9%
IV Rank41.4%16.8%82.1%42.2%42.9%
IV Percentile58.7%11.5%98.8%68.3%67.5%
Term Structure4.3%-13.4%19.7%-12.1%-5.7%
VWIV54.2%38.3%94.0%50.0%40.0%
Skew 25d8.3%-7.7%26.9%8.2%-3.5%
Skew 10d12.2%-16.6%42.0%3.1%-16.6%
Call IV 25d40.5%28.6%55.7%42.8%48.8%
Put IV 25d48.8%38.5%70.1%51.0%45.3%
Bid-Ask Spread %107.5194.58124.04106.36102.83
Gamma HHI0.460.230.820.260.71
Net GEX14.1K5.7K38.1K7.6K9.5K
Net DEX-233.3K-456.2K-15.2K-156.6K-15.2K
Net VEX-2.2K-2.8K-1.7K-2.5K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.412.271.302.27
Total Volume2,089.5651,5903,7401,7501,830
Total OI5,055.2173,8006,1904,6206,190

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$4.00$4.0046.9%13.4%53.9%42.2%50.0%8.2%-12.1%7.6K-156.6K-2.5K1.30106.367609903,1701,450
2022-03-02$4.23$4.0048.1%13.8%56.3%44.3%44.0%3.4%9.8%8.8K-270.6K-2.4K1.08108.999209903,1701,450
2022-03-03$4.19$4.0051.8%14.9%53.3%50.1%45.7%0.8%-1.5%9.3K-244.6K-2.3K1.08119.169209903,1901,460
2022-03-04$4.16$4.0071.9%20.6%31.7%82.1%69.1%8.2%5.3%8.6K-225.7K-2.4K1.21114.978209903,1901,460
2022-03-07$4.05$4.0069.0%19.8%33.0%77.4%94.0%1.1%0.1%7.7K-172.8K-2.3K1.21118.048209903,2001,460
2022-03-08$4.05$4.0047.6%21.7%32.7%43.4%93.5%7.0%8.6%8.1K-167.4K-2.3K1.21117.888209903,2001,460
2022-03-09$4.19$4.0047.9%17.3%34.4%44.0%76.9%-1.6%7.7%8.6K-240.0K-2.2K1.21123.568209903,2001,420
2022-03-10$4.12$4.0042.1%22.0%35.1%34.7%82.6%7.7%7.4%8.3K-182.9K-2.2K1.46123.348001,1703,1801,420
2022-03-11$4.16$4.0041.0%19.7%35.1%32.9%73.3%3.8%10.3%9.1K-204.3K-2.2K1.72124.046801,1703,1801,600
2022-03-14$4.05$4.0045.0%14.5%36.4%39.3%54.8%-7.7%11.8%7.6K-148.2K-2.0K2.0397.716801,3803,1901,590
2022-03-15$4.17$4.0048.8%13.7%37.6%45.3%41.4%24.0%2.6%8.8K-189.8K-1.9K1.91107.316901,3203,1901,790
2022-03-16$4.26$4.0043.4%12.5%36.1%36.7%42.1%6.6%1.1%10.7K-283.8K-2.0K1.81106.577301,3203,2501,790
2022-03-17$4.19$4.0039.9%11.9%36.8%31.2%38.3%11.3%9.5%7.8K-268.4K-1.9K1.76107.977501,3203,3001,800
2022-03-18$4.31$4.0033.6%12.0%36.8%21.3%40.6%10.4%6.3%6.7K-303.4K-2.1K1.3396.289901,3203,2601,800
2022-03-21$4.29$4.0032.1%11.5%36.9%18.9%44.7%15.3%4.1%6.1K-162.2K-1.9K1.69106.335901,0002,6801,120
2022-03-22$4.31$4.0033.7%13.3%36.9%21.4%45.4%12.3%12.0%5.7K-161.4K-2.0K0.4696.022,1701,0002,6801,180
2022-03-23$4.25$4.0042.4%16.5%37.0%35.2%42.7%3.7%14.2%29.7K-322.8K-2.5K0.41100.422,6501,0904,1101,180
2022-03-24$4.26$4.0030.8%11.9%37.0%16.8%45.8%9.1%11.1%38.1K-456.2K-2.8K0.8997.211,2201,0904,7301,280
2022-03-25$4.20$4.0039.0%15.0%36.6%29.8%43.8%7.5%19.7%32.1K-357.4K-2.6K0.8994.581,2201,0904,7901,280
2022-03-28$4.18$4.0060.2%13.7%35.4%63.4%44.5%26.9%-13.4%29.4K-331.3K-2.5K1.24101.018801,0904,7901,280
2022-03-29$4.24$4.0049.1%13.4%35.0%45.7%46.8%18.2%0.8%36.3K-344.1K-2.4K1.24104.098801,0904,8001,280
2022-03-30$3.96$4.0054.1%14.4%37.8%53.8%46.4%18.0%-10.4%19.4K-156.1K-2.2K1.2497.989101,1304,8001,280
2022-03-31$3.81$4.0047.3%11.8%39.6%42.9%40.0%-3.5%-5.7%9.5K-15.2K-1.7K2.27102.835601,2704,8501,340