SMCI Options History — September 2022

In September 2022, SMCI traded between $5.23 and $6.67. ATM implied volatility averaged 60.4%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded below realized volatility by 0.4% (HV 20d: 60.8%). Max pain ranged from $6.00 to $6.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2022-09-21: Highest Volume — 42,720 contracts
  • 2022-09-12: Largest IV spike — 27.9% change
  • 2022-09-13: Highest IV Rank — 50.7%
  • 2022-09-26: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.97$5.23$6.67$6.29$5.53
Max Pain$6.29$6.00$6.50$6.50$6.00
ATM IV60.4%50.5%73.5%57.5%61.9%
Expected Move16.5%14.5%18.7%16.5%17.7%
HV 20d60.8%51.1%70.7%69.7%52.7%
HV 60d59.0%57.1%61.9%61.9%58.7%
IV Rank36.9%26.4%50.7%33.8%38.5%
IV Percentile76.3%41.3%96.4%75.0%79.8%
Term Structure5.4%-3.4%10.7%-3.4%4.0%
VWIV58.3%52.2%64.5%61.7%60.9%
Skew 25d2.5%-4.3%8.1%-0.6%6.0%
Skew 10d1.9%-13.1%14.6%2.0%10.8%
Call IV 25d57.9%52.2%64.9%61.2%61.3%
Put IV 25d60.4%54.1%68.7%60.6%67.3%
Bid-Ask Spread %67.1260.2976.7264.4768.14
Gamma HHI0.300.200.370.200.36
Net GEX743.1K310.7K1.4M883.9K586.8K
Net DEX-16.1M-27.1M-7.4M-19.3M-16.5M
Net VEX-78.8K-108.8K-55.8K-83.1K-106.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.044.970.300.86
Total Volume11,604.7621,59042,7206,99010,900
Total OI136,402.85770,670169,460138,490130,260

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$6.29$6.5057.5%16.5%69.7%33.8%61.7%-0.6%-3.4%883.9K-19.3M-83.1K0.3064.475,3701,620117,71020,780
2022-09-02$6.45$6.5054.9%15.7%70.0%31.1%61.7%-2.2%-1.5%1.0M-22.0M-82.4K3.3561.995,07017,010116,83020,440
2022-09-06$6.17$6.5062.0%15.5%70.7%38.6%55.3%0.3%7.2%756.6K-15.5M-72.3K4.9761.093,57017,740122,07036,500
2022-09-07$6.34$6.5062.3%15.8%68.5%38.9%54.6%0.8%5.0%928.8K-18.8M-74.0K1.1565.632,7203,120122,09036,720
2022-09-08$6.47$6.5059.2%16.2%60.0%35.7%54.8%1.4%5.5%1.2M-22.4M-76.6K0.1167.543,890420122,91036,750
2022-09-09$6.67$6.5055.9%14.6%60.9%32.1%53.8%1.9%9.8%1.4M-27.1M-77.1K0.1370.718,0801,040124,45036,900
2022-09-12$6.66$6.5071.5%15.7%60.7%48.6%56.2%1.6%6.0%1.4M-26.9M-72.1K0.9560.292,6002,480130,86036,790
2022-09-13$6.28$6.5073.5%14.7%63.3%50.7%55.3%-0.2%10.4%818.3K-15.8M-65.2K0.3068.5112,9003,900130,38039,080
2022-09-14$6.44$6.5056.4%16.2%63.5%32.7%54.3%4.4%5.5%1.1M-19.2M-66.7K0.1873.321,630300128,93039,220
2022-09-15$6.54$6.5050.5%14.5%63.1%26.4%52.2%7.9%8.6%1.3M-21.5M-65.3K0.3876.721,450550129,68039,250
2022-09-16$6.20$6.5059.9%17.2%59.9%36.4%58.8%2.1%3.2%310.7K-12.1M-60.1K0.3560.4712,4804,310129,53039,420
2022-09-19$5.79$6.5057.1%16.4%62.9%33.4%56.7%3.2%5.0%316.7K-8.9M-55.8K0.2364.658,8502,08056,51014,160
2022-09-20$5.63$6.0056.8%16.3%62.9%33.1%58.9%2.3%8.1%314.3K-7.6M-56.4K0.1562.914,99073063,96015,560
2022-09-21$5.49$6.0060.8%17.4%63.0%37.3%59.4%-4.3%2.9%320.1K-7.4M-56.3K0.0472.2741,2201,50067,94015,440
2022-09-22$5.46$6.0059.9%17.2%60.3%36.4%60.9%2.0%7.7%471.7K-12.0M-95.8K0.1676.674,350710102,50016,500
2022-09-23$5.34$6.0056.1%16.1%54.9%32.4%58.8%2.1%10.7%439.0K-11.0M-89.9K0.1069.021,450140101,07016,200
2022-09-26$5.23$6.0065.3%18.7%51.1%42.0%64.5%5.9%5.5%412.5K-9.2M-85.6K0.2962.8018,1405,190101,44016,200
2022-09-27$5.35$6.0061.3%17.6%52.4%37.9%61.0%5.2%6.0%511.8K-13.3M-99.5K0.9366.125,4705,110114,86014,510
2022-09-28$5.57$6.0063.1%18.1%52.6%39.8%61.2%8.1%3.2%600.0K-16.8M-108.8K1.0964.464,6905,110115,44014,490
2022-09-29$5.45$6.0061.6%17.7%52.9%38.2%62.1%4.7%4.1%555.0K-14.9M-105.2K0.8771.815,7805,040115,62014,510
2022-09-30$5.53$6.0061.9%17.7%52.7%38.5%60.9%6.0%4.0%586.8K-16.5M-106.9K0.8668.145,8705,030115,74014,520