SMCI Options History — February 2023

In February 2023, SMCI traded between $8.06 and $10.10. ATM implied volatility averaged 57.5%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded below realized volatility by 11.1% (HV 20d: 68.6%). Max pain ranged from $7.00 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-02-09: Highest Volume — 116,790 contracts
  • 2023-02-09: Largest IV spike — 10.9% change
  • 2023-02-28: Highest IV Rank — 33.9%
  • 2023-02-28: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.96$8.06$10.10$8.06$9.83
Max Pain$7.03$7.00$7.50$7.00$7.50
ATM IV57.5%53.0%61.1%54.5%61.1%
Expected Move16.2%14.9%17.5%15.6%17.5%
HV 20d68.6%50.7%82.5%82.3%61.4%
HV 60d65.6%63.6%67.0%67.0%66.3%
IV Rank29.8%24.8%33.9%26.5%33.9%
IV Percentile49.1%27.0%63.5%35.3%63.5%
Term Structure0.4%-3.4%5.2%-3.4%-3.0%
VWIV58.1%52.2%64.3%58.2%64.3%
Skew 25d1.8%-1.8%4.5%3.9%-1.8%
Skew 10d2.8%-2.4%9.0%9.0%-2.4%
Call IV 25d56.9%50.4%63.3%54.2%63.3%
Put IV 25d58.7%54.3%62.5%58.1%61.5%
Bid-Ask Spread %31.5322.5545.2545.2532.45
Gamma HHI0.140.090.260.150.11
Net GEX2.2M990.6K3.5M2.0M2.0M
Net DEX-90.5M-145.9M-41.3M-67.7M-85.1M
Net VEX-239.8K-300.0K-221.2K-235.5K-298.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.130.690.690.22
Total Volume39,646.3169,570116,79083,50056,290
Total OI362,920211,800448,380394,110283,880

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$8.06$7.0054.5%15.6%82.3%26.5%58.2%3.9%-3.4%2.0M-67.7M-235.5K0.6945.2549,42034,080244,060150,050
2023-02-02$8.13$7.0057.6%15.2%82.2%29.9%53.5%4.5%4.8%2.2M-73.1M-239.0K0.3132.1033,50010,490248,020147,000
2023-02-03$8.39$7.0055.7%14.9%82.5%27.8%52.2%3.9%4.8%2.3M-83.1M-235.6K0.4637.3728,16013,060244,310148,600
2023-02-06$8.29$7.0059.1%15.2%80.1%31.7%53.7%3.9%5.2%2.1M-74.7M-227.3K0.5428.8910,2205,530240,780151,140
2023-02-07$8.14$7.0058.2%15.3%80.3%30.6%53.5%3.7%3.9%2.0M-65.8M-221.2K0.5032.288,5304,240243,500152,100
2023-02-08$8.60$7.0053.0%15.2%75.0%24.8%53.1%3.9%3.8%2.4M-91.6M-221.4K0.2124.2227,2505,720244,350152,050
2023-02-09$8.71$7.0058.8%16.9%73.9%31.3%60.9%-0.8%2.5%2.3M-97.6M-227.9K0.2532.5393,16023,630245,820153,650
2023-02-10$8.96$7.0058.9%16.9%71.7%31.4%60.1%0.1%1.0%2.8M-112.2M-237.6K0.5233.6715,5508,130271,460154,570
2023-02-13$9.09$7.0058.8%16.9%71.7%31.3%60.1%3.1%2.2%2.9M-118.4M-227.5K0.4636.8114,4206,570275,940159,030
2023-02-14$9.27$7.0057.6%16.5%70.7%29.9%58.9%1.2%2.0%3.1M-127.3M-230.9K0.3731.5024,1709,030277,780161,560
2023-02-15$9.30$7.0056.9%16.3%65.7%29.2%58.0%-1.0%2.4%3.1M-127.5M-227.4K0.6729.006,0104,030276,230165,910
2023-02-16$9.62$7.0055.6%15.9%50.7%27.7%57.7%1.3%-0.9%3.5M-145.9M-224.8K0.2231.0135,5907,670277,000167,060
2023-02-17$9.22$7.0056.5%16.2%54.7%28.7%57.0%2.3%-1.8%1.0M-120.6M-224.7K0.2134.9135,8207,630280,690167,690
2023-02-21$8.85$7.0057.6%16.5%57.6%29.9%61.2%2.0%-3.3%1.1M-47.5M-228.1K0.2925.6717,2104,990149,45062,350
2023-02-22$8.62$7.0056.4%16.2%56.1%28.6%56.3%1.9%-2.7%990.6K-41.3M-229.1K0.1836.338,0901,480163,18065,170
2023-02-23$9.37$7.0057.3%16.4%62.4%29.6%61.7%1.7%-3.1%1.4M-64.2M-247.9K0.1328.0944,5905,950166,73065,720
2023-02-24$9.76$7.0058.0%16.6%62.5%30.4%60.3%-0.1%-3.1%1.9M-79.1M-271.8K0.3722.5531,40011,650190,60069,650
2023-02-27$10.10$7.0060.7%17.4%61.4%33.4%62.8%-0.1%-2.9%2.3M-96.7M-300.0K0.4224.3735,18014,840204,65073,750
2023-02-28$9.83$7.5061.1%17.5%61.4%33.9%64.3%-1.8%-3.0%2.0M-85.1M-298.8K0.2232.4546,27010,020204,37079,510