SMCI Options History — May 2022

In May 2022, SMCI traded between $4.23 and $5.66. ATM implied volatility averaged 57.1%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 57.0% (HV 20d: 114.0%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2022-05-05: Highest Volume — 51,540 contracts
  • 2022-05-04: Largest IV drop — 21.6% change
  • 2022-05-03: Highest IV Rank — 53.4%
  • 2022-05-03: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.01$4.23$5.66$4.23$5.00
Max Pain$4.43$4.00$4.50$4.00$4.50
ATM IV57.1%50.9%73.7%72.3%52.5%
Expected Move16.0%14.6%21.1%20.7%15.1%
HV 20d114.0%79.5%128.5%79.5%109.0%
HV 60d77.6%54.0%81.1%54.0%80.3%
IV Rank36.8%30.6%53.4%52.0%32.3%
IV Percentile81.4%67.5%98.0%98.0%71.4%
Term Structure-2.8%-19.6%3.6%-14.6%-2.0%
VWIV55.9%43.0%79.4%77.4%50.3%
Skew 25d3.9%0.3%7.4%5.4%7.3%
Skew 10d14.0%2.7%25.1%24.8%5.7%
Call IV 25d54.9%48.4%74.3%71.9%48.6%
Put IV 25d58.7%52.4%81.3%77.3%55.9%
Bid-Ask Spread %68.6536.0975.1474.6173.00
Gamma HHI0.540.210.720.210.58
Net GEX257.8K-53.4K474.0K47.3K416.7K
Net DEX-9.6M-16.4M-735.3K-735.3K-10.4M
Net VEX-56.4K-77.7K-8.3K-8.3K-63.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.090.950.120.48
Total Volume18,573.818,58051,54013,53013,710
Total OI84,738.57136,960111,52037,13082,570

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$4.23$4.0072.3%20.7%79.5%52.0%77.4%5.4%-14.6%47.3K-735.3K-8.3K0.1274.6112,0901,44026,06011,070
2022-05-03$4.32$4.0073.7%21.1%79.6%53.4%79.4%7.0%-19.6%56.8K-1.0M-8.4K0.4167.5413,2305,41025,96011,000
2022-05-04$5.66$4.0057.8%16.6%121.3%37.6%63.3%4.2%-11.7%238.8K-7.3M-15.2K0.9536.0923,12021,92026,83015,150
2022-05-05$5.28$4.5059.1%16.0%124.3%38.9%49.1%3.5%-3.4%94.2K-4.6M-21.4K0.6669.0231,14020,40035,86028,600
2022-05-06$5.11$4.5057.6%15.1%125.6%37.4%60.9%0.5%3.6%159.0K-6.0M-34.9K0.2666.8239,90010,43049,57025,390
2022-05-09$4.89$4.5065.8%16.0%127.3%45.5%57.2%1.5%1.8%285.2K-10.5M-70.2K0.0972.5239,9903,72081,63023,210
2022-05-10$5.10$4.5064.4%15.6%127.2%44.1%43.0%4.2%1.3%282.6K-11.7M-74.3K0.4070.467,6103,03081,45022,770
2022-05-11$4.92$4.5055.4%15.9%128.3%35.2%56.9%0.3%0.4%284.4K-10.7M-72.0K0.3868.997,3802,83081,46022,550
2022-05-12$5.08$4.5056.9%16.3%128.4%36.6%66.2%4.9%-0.4%324.0K-12.1M-72.5K0.3771.017,0502,61081,28022,460
2022-05-13$5.24$4.5055.3%15.8%128.5%35.0%50.2%6.0%-2.1%384.3K-14.1M-74.7K0.3766.068,0602,96081,89022,670
2022-05-16$5.24$4.5055.4%15.9%128.5%35.1%49.1%2.8%2.0%377.1K-15.0M-75.7K0.3671.477,6302,76083,09022,800
2022-05-17$5.41$4.5050.9%14.6%110.1%30.6%55.8%7.4%3.1%474.0K-16.4M-77.7K0.3670.008,6403,11083,81022,780
2022-05-18$5.25$4.5053.3%15.3%111.0%33.0%48.3%3.8%3.0%343.8K-15.1M-75.3K0.3372.938,8102,92085,31022,810
2022-05-19$5.07$4.5052.4%15.0%109.3%32.1%62.6%6.9%-0.7%221.2K-12.7M-70.9K0.6572.428,9405,81085,81022,640
2022-05-20$4.97$4.5051.9%14.9%109.6%31.6%44.7%1.1%-1.8%-53.4K-10.2M-63.4K0.5170.217,6903,91087,26024,260
2022-05-23$4.89$4.5051.9%14.9%110.0%31.7%53.6%1.9%-1.6%267.2K-8.3M-61.4K0.2768.176,7501,83066,6807,200
2022-05-24$4.77$4.5055.4%15.9%109.5%35.2%58.9%3.4%-5.2%220.6K-7.4M-56.5K0.2468.408,1801,98067,1407,300
2022-05-25$4.88$4.5053.5%15.3%109.6%33.3%53.9%1.1%-3.2%348.6K-9.3M-64.2K0.2468.217,4701,80068,3407,200
2022-05-26$4.93$4.5052.2%15.0%109.4%31.9%44.5%4.2%-3.1%281.4K-8.8M-61.2K0.6575.146,7304,38069,0507,200
2022-05-27$4.95$4.5051.0%14.6%109.0%30.7%47.8%4.0%-3.8%358.9K-9.5M-63.7K0.5468.628,2104,47069,4909,910
2022-05-31$5.00$4.5052.5%15.1%109.0%32.3%50.3%7.3%-2.0%416.7K-10.4M-63.5K0.4873.009,2904,42072,36010,210