SMCI Options History — July 2022

In July 2022, SMCI traded between $3.88 and $5.38. ATM implied volatility averaged 64.3%, placing in the 43.0% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 12.8% (HV 20d: 51.5%). Max pain ranged from $3.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2022-07-21: Highest Volume — 26,430 contracts
  • 2022-07-05: Largest IV spike — 19.4% change
  • 2022-07-11: Highest IV Rank — 49.5%
  • 2022-07-26: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.49$3.88$5.38$3.92$5.38
Max Pain$4.25$3.50$5.00$4.00$5.00
ATM IV64.3%53.8%70.7%53.8%68.4%
Expected Move18.2%15.4%19.6%15.4%19.6%
HV 20d51.5%40.3%56.8%55.3%48.9%
HV 60d81.4%75.0%86.0%86.0%79.1%
IV Rank43.0%33.5%49.5%33.5%47.2%
IV Percentile90.2%72.2%96.4%72.2%93.3%
Term Structure-6.1%-11.8%8.9%8.9%-11.8%
VWIV64.0%54.8%68.3%54.8%68.3%
Skew 25d3.3%0.5%6.6%2.1%2.0%
Skew 10d8.2%-1.6%14.7%0.1%9.6%
Call IV 25d63.2%55.6%67.0%55.6%67.0%
Put IV 25d66.5%57.7%70.5%57.7%69.0%
Bid-Ask Spread %67.0848.1387.2487.2456.12
Gamma HHI0.530.430.710.480.48
Net GEX236.3K144.9K406.2K158.5K406.2K
Net DEX-6.9M-15.0M-2.2M-2.6M-15.0M
Net VEX-45.1K-69.3K-29.3K-30.5K-69.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.202.190.200.77
Total Volume7,3593,02026,43011,1003,690
Total OI72,150.556,48084,80069,13084,800

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-07-01$3.92$4.0053.8%15.4%55.3%33.5%54.8%2.1%8.9%158.5K-2.6M-30.5K0.2087.249,2501,85064,2304,900
2022-07-05$3.88$4.5064.2%18.4%55.3%42.9%67.0%5.0%-6.4%151.2K-2.2M-29.4K0.3269.377,6302,43064,5205,090
2022-07-06$3.92$4.5065.2%18.3%55.8%43.9%63.7%6.6%-7.1%154.3K-2.4M-29.3K0.2671.517,7302,00064,5605,250
2022-07-07$4.04$4.5061.3%17.7%56.1%39.9%62.9%1.6%-5.1%187.7K-3.1M-33.7K0.2073.559,6001,92064,7305,240
2022-07-08$4.05$4.0059.9%18.0%55.9%38.6%61.6%2.6%-6.8%194.2K-3.4M-33.6K0.2273.128,6301,94065,8605,410
2022-07-11$4.01$4.0070.7%17.8%51.7%49.5%61.7%0.6%-6.2%185.1K-3.1M-30.2K0.6471.213,0101,94065,9205,440
2022-07-12$4.06$4.0069.5%17.8%52.1%48.3%61.2%3.2%-2.7%195.6K-3.5M-32.7K0.5573.573,2901,81065,9305,440
2022-07-13$4.11$4.0062.6%18.0%50.2%41.3%62.1%3.3%-6.7%195.3K-3.6M-33.1K0.5966.163,1301,84066,2205,640
2022-07-14$4.09$4.0065.3%18.7%50.2%44.0%66.1%2.8%-6.5%144.9K-3.7M-32.4K0.3974.634,5801,79066,5105,860
2022-07-15$4.22$3.5063.5%18.2%51.5%42.2%66.0%3.4%-4.0%170.6K-4.8M-37.1K0.4371.604,3901,89067,8406,200
2022-07-18$4.24$3.5063.9%18.3%40.3%42.6%65.1%5.1%-2.3%176.4K-4.7M-37.8K2.1968.452,0104,40051,0905,390
2022-07-19$4.37$4.0064.6%18.5%41.8%43.3%63.9%5.2%-8.3%175.1K-5.0M-41.6K1.2770.341,3301,69051,8208,060
2022-07-20$4.55$4.0065.9%18.9%41.6%44.6%66.8%5.1%-9.5%208.4K-6.3M-46.2K1.4170.031,3101,85052,4308,020
2022-07-21$5.13$4.0061.8%17.7%56.8%40.4%64.9%0.5%-6.0%277.7K-11.6M-58.0K0.3048.1320,2606,17052,6608,310
2022-07-22$5.07$4.5057.4%16.5%54.8%36.0%60.9%1.5%-2.6%334.2K-11.4M-63.5K1.1151.943,1103,45067,88011,380
2022-07-25$5.24$4.5066.1%18.9%55.0%44.8%65.1%4.0%-7.4%361.7K-13.0M-66.0K1.4457.022,1903,16068,47012,360
2022-07-26$5.17$4.5068.5%19.6%54.0%47.3%68.0%3.8%-11.6%335.4K-12.1M-66.1K1.2355.871,8202,24069,05013,660
2022-07-27$5.13$5.0067.1%19.2%51.8%45.8%65.4%4.4%-9.0%327.7K-11.6M-62.8K0.4866.252,9201,40068,89013,840
2022-07-28$5.31$5.0066.1%18.9%51.2%44.8%64.3%3.1%-10.5%385.2K-13.8M-68.7K0.5265.502,3201,21070,02014,090
2022-07-29$5.38$5.0068.4%19.6%48.9%47.2%68.3%2.0%-11.8%406.2K-15.0M-69.3K0.7756.122,0801,61070,64014,160