SMCI Options History — January 2023

In January 2023, SMCI traded between $7.09 and $8.54. ATM implied volatility averaged 69.2%, placing in the 43.0% IV rank vs the trailing year. The 30-day expected move averaged 20.0%. IV traded above realized volatility by 1.2% (HV 20d: 68.0%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.58.

Notable Days

  • 2023-01-10: Highest Volume — 215,190 contracts
  • 2023-01-10: Largest IV spike — 17.2% change
  • 2023-01-31: Highest IV Rank — 58.4%
  • 2023-01-31: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.80$7.09$8.54$8.36$7.26
Max Pain$7.10$7.00$8.00$8.00$7.00
ATM IV69.2%56.1%83.1%58.8%83.1%
Expected Move20.0%16.9%23.8%16.9%23.8%
HV 20d68.0%58.6%74.3%60.3%72.8%
HV 60d65.3%61.8%67.3%63.5%63.4%
IV Rank43.0%28.3%58.4%32.5%58.4%
IV Percentile84.9%50.0%98.4%62.3%98.4%
Term Structure-8.8%-17.3%7.1%7.1%-17.3%
VWIV70.2%59.6%85.2%62.2%85.2%
Skew 25d6.3%2.3%8.4%8.4%2.3%
Skew 10d12.0%7.5%16.3%16.3%7.5%
Call IV 25d67.4%56.1%84.4%56.1%84.4%
Put IV 25d73.7%64.2%86.7%64.5%86.7%
Bid-Ask Spread %37.0817.1751.9151.9130.51
Gamma HHI0.210.100.400.300.12
Net GEX1.4M-204.0K3.8M1.7M868.3K
Net DEX-34.7M-78.7M19.6M-51.5M-22.9M
Net VEX-196.6K-229.1K-166.7K-188.0K-201.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.141.810.580.43
Total Volume56,60511,880215,19014,00082,490
Total OI343,451.5248,150538,010248,150346,570

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$8.36$8.0058.8%16.9%60.3%32.5%62.2%8.4%7.1%1.7M-51.5M-188.0K0.5851.918,8805,120155,22092,930
2023-01-04$8.22$8.0061.5%17.6%59.2%35.5%59.6%7.7%6.4%1.6M-46.6M-187.5K0.4449.3717,6007,810159,26095,190
2023-01-05$8.03$7.0060.5%19.0%58.6%34.4%65.3%6.7%-6.2%1.5M-38.4M-186.4K0.7539.8811,9108,980165,88098,070
2023-01-06$8.50$7.0056.1%18.3%62.3%28.3%64.0%5.5%-5.3%2.1M-58.4M-194.8K1.0742.287,6308,140171,040102,380
2023-01-09$8.54$7.0064.7%19.3%62.3%37.9%66.6%5.9%-7.0%2.0M-60.4M-194.6K0.4443.3953,91023,480171,990107,740
2023-01-10$7.78$7.0075.9%21.1%70.5%50.3%74.5%8.3%-11.1%1.0M-24.5M-188.9K0.5738.89136,95078,240190,590117,420
2023-01-11$7.55$7.0074.4%21.3%67.6%48.6%73.4%7.4%-11.4%1.0M-22.1M-205.5K0.8540.1927,34023,230227,300136,870
2023-01-12$8.02$7.0073.4%21.0%71.5%47.5%73.3%6.4%-11.9%1.8M-46.8M-225.4K0.1832.6541,6807,710233,050141,780
2023-01-13$8.07$7.0068.7%19.7%71.6%42.4%67.1%5.5%-8.7%2.4M-54.6M-229.1K0.3130.3531,9709,900253,220143,270
2023-01-17$8.41$7.0070.2%20.1%60.9%44.0%70.3%6.5%-11.4%3.8M-78.7M-215.7K0.2327.3248,41010,960268,150144,010
2023-01-18$7.88$7.0071.3%20.4%65.4%45.2%71.7%5.3%-11.4%2.0M-37.2M-196.6K0.6830.1556,29038,010297,300149,010
2023-01-19$7.09$7.0071.7%20.6%74.3%45.7%71.9%7.6%-8.1%-204.0K19.6M-166.7K0.6839.36100,58067,960309,750169,520
2023-01-20$7.18$7.0070.2%20.1%68.8%44.0%75.7%6.8%-9.1%571.7K4.4M-177.0K1.8117.1720,62037,280339,910198,100
2023-01-23$7.37$7.0067.5%19.3%69.8%41.0%67.6%7.0%-8.8%628.6K-16.0M-177.8K0.1541.4631,5704,870165,980120,540
2023-01-24$7.80$7.0067.5%19.3%72.8%41.0%67.6%6.5%-11.1%1.1M-39.3M-201.8K0.1450.9625,5803,540184,370121,080
2023-01-25$7.75$7.0071.2%20.4%72.8%45.2%68.8%6.4%-12.2%1.1M-38.7M-206.7K0.1535.6417,7902,720189,480122,010
2023-01-26$7.61$7.0070.7%20.3%72.6%44.6%70.0%5.7%-12.1%1.1M-33.3M-203.4K0.5030.577,9303,950198,870123,530
2023-01-27$7.43$7.0069.2%19.8%72.5%42.9%69.7%4.4%-10.9%1.0M-27.1M-196.9K0.4427.4119,5608,540199,960124,800
2023-01-30$7.23$7.0076.7%22.0%72.7%51.3%79.5%5.8%-15.9%929.0K-20.7M-187.3K1.2242.0814,87018,100207,520125,370
2023-01-31$7.26$7.0083.1%23.8%72.8%58.4%85.2%2.3%-17.3%868.3K-22.9M-201.6K0.4330.5157,71024,780209,710136,860