SMCI Options History — August 2022

In August 2022, SMCI traded between $5.55 and $7.47. ATM implied volatility averaged 61.4%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 5.3% (HV 20d: 56.1%). Max pain ranged from $5.00 to $6.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.21.

Notable Days

2022-08-19: Highest Volume — 43,930 contracts
2022-08-10: Largest IV drop — 53.3% change
2022-08-09: Highest IV Rank — 88.3%
2022-08-03: Largest Expected Move — 20.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.49	$5.55	$7.47	$5.55	$6.50
Max Pain	$5.89	$5.00	$6.50	$5.00	$6.50
ATM IV	61.4%	50.0%	108.8%	72.8%	56.6%
Expected Move	16.3%	14.3%	20.9%	20.9%	16.2%
HV 20d	56.1%	46.3%	69.2%	47.4%	69.2%
HV 60d	57.5%	53.7%	61.6%	56.8%	61.6%
IV Rank	39.1%	27.1%	88.3%	51.6%	32.9%
IV Percentile	69.9%	49.2%	99.6%	98.0%	73.0%
Term Structure	-1.5%	-14.7%	7.3%	-14.7%	-0.8%
VWIV	57.8%	50.8%	72.8%	71.4%	59.4%
Skew 25d	1.2%	-3.3%	8.4%	3.1%	1.9%
Skew 10d	3.8%	-6.6%	29.2%	10.9%	-2.3%
Call IV 25d	57.6%	51.3%	72.0%	69.8%	56.2%
Put IV 25d	58.7%	50.6%	77.4%	72.9%	58.2%
Bid-Ask Spread %	59.86	50.76	72.17	58.48	61.45
Gamma HHI	0.33	0.20	0.47	0.47	0.21
Net GEX	863.3K	451.6K	1.2M	464.1K	1.0M
Net DEX	-29.4M	-47.4M	-17.0M	-17.4M	-24.1M
Net VEX	-77.8K	-94.4K	-62.9K	-71.7K	-87.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.03	0.50	0.12	0.30
Total Volume	15,365.217	2,200	43,930	13,650	11,060
Total OI	113,591.739	81,760	157,390	85,940	137,200

Daily Data (23 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
2022-08-01	$5.55	$5.00	72.8%	20.9%	47.4%	51.6%	71.4%	3.1%	-14.7%	464.1K	-17.4M	-71.7K	0.12	58.48	12,170	1,480	71,540	14,400
2022-08-02	$5.63	$5.00	72.7%	20.8%	46.4%	51.5%	72.8%	2.5%	-13.2%	451.6K	-17.0M	-65.1K	0.50	55.40	3,320	1,650	67,160	14,600
2022-08-03	$5.75	$5.00	72.8%	20.9%	46.3%	51.6%	71.5%	8.4%	-14.6%	494.2K	-18.9M	-67.0K	0.37	59.33	4,500	1,670	68,000	14,910
2022-08-04	$5.95	$5.00	75.4%	16.9%	46.4%	54.3%	59.7%	3.3%	-2.0%	524.6K	-21.8M	-68.9K	0.31	52.93	6,200	1,940	68,680	15,210
2022-08-05	$5.89	$5.00	77.2%	16.3%	47.2%	56.1%	58.6%	2.9%	-0.2%	520.7K	-20.6M	-68.0K	0.15	57.78	12,560	1,900	68,160	15,340
2022-08-08	$6.14	$5.00	91.9%	19.6%	46.6%	71.1%	67.7%	7.7%	-7.1%	504.6K	-23.4M	-63.5K	0.13	68.32	21,640	2,880	66,700	16,110
2022-08-09	$5.83	$5.50	108.8%	19.5%	53.3%	88.3%	68.5%	-0.3%	-7.6%	469.6K	-18.9M	-62.9K	0.17	52.54	37,140	6,400	70,170	17,570
2022-08-10	$6.41	$5.50	50.8%	14.6%	59.8%	29.3%	52.9%	-0.4%	6.1%	891.7K	-28.9M	-63.4K	0.27	50.76	28,870	7,760	98,060	19,990
2022-08-11	$6.42	$6.00	50.3%	14.4%	59.4%	28.7%	51.8%	1.8%	5.5%	959.9K	-28.8M	-78.3K	0.37	57.93	7,400	2,720	108,320	23,930
2022-08-12	$6.52	$6.00	50.0%	14.3%	59.4%	28.5%	50.8%	-1.0%	7.3%	1.1M	-30.5M	-79.4K	0.28	60.36	3,590	1,010	109,270	24,970
2022-08-15	$6.71	$6.00	51.1%	14.7%	59.1%	29.6%	50.8%	1.1%	5.4%	1.1M	-35.6M	-77.2K	0.11	61.81	9,890	1,040	110,390	25,900
2022-08-16	$6.55	$6.00	50.5%	14.5%	61.3%	29.0%	51.1%	-1.1%	4.8%	1.2M	-30.1M	-74.7K	0.15	62.91	5,340	820	109,080	26,530
2022-08-17	$6.72	$6.00	50.7%	14.6%	60.9%	29.2%	51.2%	-0.4%	6.5%	1.1M	-36.4M	-74.8K	0.05	65.19	16,520	890	110,650	27,170
2022-08-18	$7.21	$6.00	53.0%	15.2%	52.0%	31.4%	54.5%	0.7%	-2.0%	748.5K	-47.4M	-76.7K	0.16	56.73	26,240	4,110	114,680	27,590
2022-08-19	$6.97	$6.50	51.1%	14.7%	54.1%	27.1%	52.4%	1.5%	-0.3%	1.1M	-43.9M	-85.4K	0.03	59.38	42,520	1,410	127,610	29,780
2022-08-22	$6.78	$6.50	54.0%	15.5%	56.0%	30.1%	54.8%	-3.1%	-2.5%	840.6K	-28.1M	-86.9K	0.42	54.53	3,090	1,290	83,090	17,220
2022-08-23	$6.81	$6.50	51.4%	14.7%	55.2%	27.4%	53.1%	-2.4%	-0.7%	919.9K	-29.0M	-86.9K	0.14	62.65	1,930	270	84,450	17,540
2022-08-24	$7.07	$6.50	54.2%	15.5%	55.3%	30.4%	56.5%	-3.3%	-4.2%	948.4K	-34.7M	-86.6K	0.11	55.00	11,730	1,280	85,130	17,710
2022-08-25	$7.47	$6.50	51.8%	14.8%	56.6%	27.8%	53.0%	2.7%	-4.0%	1.2M	-46.6M	-89.3K	0.35	60.75	9,840	3,430	95,230	18,710
2022-08-26	$6.96	$6.50	51.9%	14.9%	64.6%	28.0%	53.6%	0.4%	1.9%	1.2M	-34.8M	-94.4K	0.11	68.48	5,130	560	99,750	19,880
2022-08-29	$6.96	$6.50	57.3%	16.4%	64.4%	33.6%	56.1%	-3.2%	-2.1%	1.2M	-35.6M	-93.1K	0.17	61.82	14,140	2,440	102,060	20,010
2022-08-30	$6.56	$6.50	55.1%	15.8%	69.1%	31.3%	56.9%	3.9%	3.8%	995.4K	-23.4M	-86.8K	0.15	72.17	10,090	1,540	111,280	20,880
2022-08-31	$6.50	$6.50	56.6%	16.2%	69.2%	32.9%	59.4%	1.9%	-0.8%	1.0M	-24.1M	-87.5K	0.30	61.45	8,490	2,570	116,020	21,180