SMCI Options History — November 2022

In November 2022, SMCI traded between $7.16 and $9.48. ATM implied volatility averaged 57.3%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 8.5% (HV 20d: 65.8%). Max pain ranged from $5.50 to $8.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.14.

Notable Days

2022-11-02: Highest Volume — 120,450 contracts
2022-11-02: Largest IV drop — 27.6% change
2022-11-01: Highest IV Rank — 57.0%
2022-11-01: Largest Expected Move — 22.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.38	$7.16	$9.48	$7.16	$8.94
Max Pain	$7.48	$5.50	$8.50	$5.50	$8.50
ATM IV	57.3%	51.4%	79.5%	79.5%	55.3%
Expected Move	16.3%	14.7%	22.8%	22.8%	15.8%
HV 20d	65.8%	61.6%	71.4%	61.6%	66.9%
HV 60d	62.3%	60.8%	64.7%	62.0%	60.8%
IV Rank	33.6%	27.4%	57.0%	57.0%	31.5%
IV Percentile	56.3%	32.9%	98.4%	98.4%	49.6%
Term Structure	-2.4%	-15.0%	3.4%	-15.0%	-3.7%
VWIV	57.9%	53.2%	80.2%	80.2%	55.6%
Skew 25d	2.2%	-1.8%	4.6%	-1.8%	3.2%
Skew 10d	5.3%	2.6%	7.4%	2.6%	7.2%
Call IV 25d	56.9%	51.8%	82.0%	82.0%	54.4%
Put IV 25d	59.1%	54.7%	80.2%	80.2%	57.6%
Bid-Ask Spread %	42.90	23.21	55.50	41.20	55.50
Gamma HHI	0.20	0.15	0.38	0.27	0.17
Net GEX	1.4M	797.8K	2.8M	1.2M	1.2M
Net DEX	-79.0M	-115.9M	-36.5M	-72.6M	-49.1M
Net VEX	-107.9K	-123.9K	-96.0K	-105.9K	-123.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.23	2.98	0.32	0.60
Total Volume	35,384.762	11,700	120,450	57,540	13,350
Total OI	201,351.905	126,950	271,150	186,850	166,280

Daily Data (21 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
2022-11-01	$7.16	$5.50	79.5%	22.8%	61.6%	57.0%	80.2%	-1.8%	-15.0%	1.2M	-72.6M	-105.9K	0.32	41.20	43,480	14,060	158,660	28,190
2022-11-02	$7.99	$5.50	57.5%	16.5%	71.2%	33.9%	59.2%	0.4%	-4.1%	1.3M	-100.6M	-96.0K	0.33	23.21	90,330	30,120	169,600	32,240
2022-11-03	$7.97	$7.50	60.6%	15.9%	71.4%	37.1%	56.8%	1.6%	3.4%	1.1M	-88.0M	-100.4K	1.07	36.77	13,190	14,080	161,750	45,770
2022-11-04	$7.70	$7.50	57.3%	16.0%	70.7%	33.6%	56.4%	3.1%	2.8%	1.2M	-81.0M	-99.9K	1.13	38.75	9,860	11,130	166,480	47,550
2022-11-07	$7.73	$7.50	62.2%	16.6%	67.9%	38.8%	59.7%	1.9%	-2.1%	1.2M	-82.0M	-97.9K	2.50	44.06	4,440	11,080	167,250	48,570
2022-11-08	$7.91	$7.50	58.9%	16.4%	67.0%	35.3%	58.6%	3.0%	-3.0%	1.3M	-86.4M	-97.9K	1.00	48.59	11,500	11,500	167,100	48,870
2022-11-09	$7.63	$7.50	57.7%	16.5%	64.8%	34.0%	60.0%	1.2%	-3.2%	1.1M	-78.0M	-100.5K	0.74	49.63	19,250	14,210	171,350	49,470
2022-11-10	$7.99	$7.50	54.8%	15.7%	65.0%	30.9%	57.3%	0.4%	-1.1%	1.5M	-89.1M	-103.3K	0.94	45.54	13,730	12,970	183,310	51,220
2022-11-11	$8.35	$7.00	55.1%	15.8%	64.2%	31.4%	56.9%	2.3%	-2.1%	1.7M	-102.6M	-108.8K	0.73	41.60	19,550	14,180	186,430	52,390
2022-11-14	$8.27	$7.50	55.4%	15.9%	65.1%	31.7%	57.9%	1.8%	-2.3%	1.7M	-97.3M	-104.0K	1.37	43.07	9,280	12,670	188,030	54,550
2022-11-15	$8.71	$7.50	57.2%	16.4%	64.7%	33.5%	57.5%	2.1%	-3.2%	2.0M	-115.9M	-104.7K	0.33	45.26	43,400	14,530	188,630	56,740
2022-11-16	$8.23	$7.50	56.6%	16.2%	70.5%	32.9%	56.3%	3.0%	-2.7%	1.8M	-94.5M	-102.6K	0.54	38.16	32,450	17,680	195,360	57,700
2022-11-17	$8.70	$7.50	56.0%	16.1%	64.1%	32.3%	57.0%	3.6%	-2.2%	2.8M	-115.9M	-113.6K	2.52	37.06	11,700	29,430	200,940	61,390
2022-11-18	$8.64	$7.50	54.8%	15.7%	63.3%	31.0%	55.0%	2.9%	-1.4%	1.9M	-104.5M	-113.9K	2.98	41.20	10,480	31,260	192,020	79,130
2022-11-21	$8.37	$8.00	53.4%	15.3%	63.7%	29.6%	54.7%	2.3%	-0.8%	797.8K	-36.5M	-109.7K	1.72	53.28	12,210	20,970	86,160	40,790
2022-11-22	$8.76	$8.00	51.4%	14.7%	62.9%	27.4%	53.4%	2.6%	-0.4%	896.2K	-43.5M	-112.5K	2.04	41.59	10,150	20,670	90,460	42,500
2022-11-23	$9.07	$8.00	51.4%	14.7%	62.5%	27.5%	53.2%	2.9%	-0.3%	1.0M	-51.2M	-115.0K	1.21	52.24	19,030	23,120	95,060	43,040
2022-11-25	$9.48	$8.00	54.1%	15.5%	63.3%	30.3%	54.5%	2.6%	-2.1%	1.1M	-60.3M	-115.7K	0.29	41.83	9,080	2,620	97,210	44,000
2022-11-28	$9.22	$8.00	57.8%	16.6%	65.3%	34.2%	58.0%	2.2%	-3.6%	1.2M	-55.5M	-118.9K	1.26	40.21	10,820	13,600	103,530	46,130
2022-11-29	$9.18	$8.00	56.1%	16.1%	65.6%	32.4%	56.8%	4.6%	-3.4%	1.2M	-54.6M	-121.0K	0.23	42.18	12,930	2,990	105,090	57,450
2022-11-30	$8.94	$8.50	55.3%	15.8%	66.9%	31.5%	55.6%	3.2%	-3.7%	1.2M	-49.1M	-123.9K	0.60	55.50	8,360	4,990	108,430	57,850