SMCI Options History — April 2023

In April 2023, SMCI traded between $9.38 and $11.59. ATM implied volatility averaged 85.3%, placing in the 59.4% IV rank vs the trailing year. The 30-day expected move averaged 23.4%. IV traded above realized volatility by 16.0% (HV 20d: 69.3%). Max pain ranged from $9.00 to $9.50. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.99.

Notable Days

  • 2023-04-27: Highest Volume — 162,580 contracts
  • 2023-04-24: Largest IV drop — 16.2% change
  • 2023-04-17: Highest IV Rank — 75.0%
  • 2023-04-20: Largest Expected Move — 26.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.58$9.38$11.59$11.24$10.52
Max Pain$9.37$9.00$9.50$9.00$9.50
ATM IV85.3%69.7%94.3%85.5%69.7%
Expected Move23.4%19.9%26.2%19.9%21.2%
HV 20d69.3%63.4%74.5%68.6%70.9%
HV 60d65.3%61.1%68.4%68.4%63.3%
IV Rank59.4%36.4%75.0%58.8%36.4%
IV Percentile94.2%79.0%99.2%98.4%79.0%
Term Structure-3.0%-9.8%2.8%-1.3%-3.2%
VWIV83.3%70.9%92.3%70.9%76.3%
Skew 25d5.6%3.2%13.0%5.0%4.7%
Skew 10d9.4%2.3%13.2%9.0%11.4%
Call IV 25d83.4%68.3%92.4%88.7%68.7%
Put IV 25d89.0%72.9%101.3%93.6%73.4%
Bid-Ask Spread %28.5922.3240.4940.4924.41
Gamma HHI0.100.070.130.130.11
Net GEX2.7M-275.5K4.5M4.2M3.8M
Net DEX-117.5M-212.8M21.0M-179.5M-122.2M
Net VEX-596.7K-650.5K-480.6K-633.6K-618.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.122.360.461.04
Total Volume73,347.89525,920162,58059,940111,930
Total OI653,043.158540,780802,160540,780700,690

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$11.24$9.0085.5%19.9%68.6%58.8%70.9%5.0%-1.3%4.2M-179.5M-633.6K0.4640.4941,00018,940375,480165,300
2023-04-04$10.87$9.0085.5%20.1%70.1%58.8%71.4%12.0%2.8%4.1M-156.4M-628.3K0.6534.2016,98011,040383,440175,610
2023-04-05$10.87$9.0093.5%20.0%69.2%68.3%71.3%13.0%-2.6%4.1M-153.5M-618.4K0.8837.1913,77012,150388,100178,280
2023-04-06$9.99$9.0088.3%24.2%74.5%62.0%84.0%5.3%1.7%1.8M-82.2M-576.4K0.4322.3249,84021,400396,920182,100
2023-04-10$10.63$9.0093.1%25.2%73.4%67.8%92.3%5.1%-3.0%3.4M-140.0M-620.7K2.3326.3618,83043,870395,450182,570
2023-04-11$10.54$9.5092.6%24.9%72.3%67.2%88.5%3.7%-7.2%2.6M-125.8M-627.0K1.3629.3725,38034,470401,850218,440
2023-04-12$10.82$9.5094.3%25.2%72.3%69.3%88.1%4.5%-5.3%3.7M-153.0M-644.9K1.2830.4428,92036,950416,300245,020
2023-04-13$10.85$9.5090.8%24.5%72.1%65.0%89.8%7.9%-9.8%4.4M-155.3M-650.5K1.8829.6814,71027,620426,830261,010
2023-04-14$10.91$9.5089.6%24.5%69.3%63.6%87.5%4.3%-6.4%4.5M-161.5M-638.5K2.3624.9916,45038,800431,340279,090
2023-04-17$11.04$9.5090.5%25.2%68.8%75.0%89.6%5.1%-2.4%3.2M-153.8M-620.1K1.0228.5516,96017,350408,720275,040
2023-04-18$11.59$9.5089.6%25.2%69.8%68.8%91.0%5.0%-2.1%4.5M-212.8M-615.3K0.5527.9152,84029,190416,780283,970
2023-04-19$10.98$9.5088.6%25.4%65.8%67.2%89.6%4.8%-2.5%3.2M-154.4M-625.1K0.7926.7239,78031,300439,300293,210
2023-04-20$10.83$9.5091.1%26.2%63.4%71.2%92.0%4.9%-1.3%2.5M-138.1M-617.0K0.7825.4931,08024,120465,220309,650
2023-04-21$10.72$9.5089.1%25.9%63.4%68.0%92.0%4.8%-4.1%44.8K-119.6M-593.5K1.0029.8772,40072,390480,190321,970
2023-04-24$9.85$9.5074.7%21.9%69.2%44.5%77.5%3.4%-4.1%542.2K-19.2M-513.8K0.6825.8276,88051,970333,480222,840
2023-04-25$9.38$9.5073.4%22.0%70.6%42.4%79.0%4.8%-1.4%-275.5K21.0M-480.6K0.7827.8132,64025,300375,860250,120
2023-04-26$9.49$9.5070.5%21.7%65.8%37.7%78.0%3.2%-1.1%109.5K12.0M-486.0K0.3527.9654,51019,270385,790256,740
2023-04-27$9.86$9.5070.0%21.1%67.0%36.8%73.4%4.8%-2.9%1.9M-37.6M-529.4K0.1223.68145,69016,890430,550254,570
2023-04-28$10.52$9.5069.7%21.2%70.9%36.4%76.3%4.7%-3.2%3.8M-122.2M-618.3K1.0424.4154,86057,070442,890257,800