SMCI Options History — June 2023

In June 2023, SMCI traded between $21.66 and $26.06. ATM implied volatility averaged 63.4%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded below realized volatility by 20.6% (HV 20d: 84.0%). Max pain ranged from $14.50 to $17.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.73.

Notable Days

2023-06-13: Highest Volume — 330,950 contracts
2023-06-08: Largest IV spike — 10.5% change
2023-06-13: Highest IV Rank — 33.0%
2023-06-01: Largest Expected Move — 21.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.52	$21.66	$26.06	$23.08	$25.03
Max Pain	$16.52	$14.50	$17.50	$14.50	$17.50
ATM IV	63.4%	59.2%	67.6%	67.2%	61.8%
Expected Move	18.2%	17.0%	21.0%	21.0%	17.3%
HV 20d	84.0%	55.3%	98.7%	87.2%	59.8%
HV 60d	89.6%	88.4%	91.5%	91.0%	88.7%
IV Rank	24.2%	16.0%	33.0%	32.2%	20.0%
IV Percentile	57.2%	40.5%	71.4%	70.6%	50.0%
Term Structure	0.3%	-2.1%	3.3%	-1.7%	-0.7%
VWIV	64.8%	60.7%	72.6%	72.6%	60.9%
Skew 25d	-1.2%	-4.3%	1.6%	-2.0%	-1.8%
Skew 10d	-3.3%	-8.5%	0.3%	-3.6%	-6.7%
Call IV 25d	65.2%	60.0%	71.2%	71.2%	65.1%
Put IV 25d	64.0%	60.5%	69.2%	69.2%	63.3%
Bid-Ask Spread %	30.11	21.31	48.81	48.81	27.94
Gamma HHI	0.09	0.05	0.54	0.06	0.54
Net GEX	8.5M	-5.1M	48.1M	10.2M	48.1M
Net DEX	-881.2M	-1.33B	-436.8M	-999.0M	-1.11B
Net VEX	-1.5M	-1.7M	-1.3M	-1.3M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.45	1.41	0.64	0.79
Total Volume	213,421.429	82,210	330,950	156,220	304,020
Total OI	1,098,195.238	936,640	1,306,720	1,008,980	1,234,380

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
2023-06-01	$23.08	$14.50	67.2%	21.0%	87.2%	32.2%	72.6%	-2.0%	-1.7%	10.2M	-999.0M	-1.3M	0.64	48.81	95,140	61,080	604,820	404,160
2023-06-02	$22.23	$15.00	62.6%	19.1%	90.2%	24.7%	68.2%	-2.0%	-2.1%	7.5M	-892.9M	-1.4M	1.41	36.02	50,400	71,310	646,630	436,050
2023-06-05	$22.32	$16.50	61.6%	17.6%	90.5%	23.2%	63.0%	-0.3%	1.2%	5.6M	-836.5M	-1.4M	0.81	28.01	45,380	36,830	545,050	391,590
2023-06-06	$23.25	$16.50	60.5%	17.3%	89.8%	21.3%	61.4%	-0.3%	0.4%	6.1M	-946.9M	-1.3M	0.96	27.75	47,830	46,040	559,700	411,660
2023-06-07	$23.75	$16.50	59.2%	17.4%	87.1%	19.3%	62.6%	1.6%	3.3%	7.7M	-1.01B	-1.3M	0.70	30.18	120,390	83,900	574,490	418,210
2023-06-08	$25.46	$16.50	65.5%	18.3%	88.1%	29.4%	65.1%	-2.7%	-0.7%	10.3M	-1.24B	-1.4M	0.45	33.41	134,210	60,440	642,240	461,490
2023-06-09	$26.06	$16.50	65.8%	18.4%	87.7%	29.9%	65.5%	-4.3%	-0.8%	15.5M	-1.33B	-1.5M	0.79	35.83	131,060	102,920	682,280	500,850
2023-06-12	$25.70	$16.50	67.2%	18.9%	88.1%	32.2%	67.2%	-3.8%	-1.1%	7.3M	-1.17B	-1.5M	0.74	29.66	109,330	80,850	630,090	428,230
2023-06-13	$24.44	$16.50	67.6%	18.9%	92.9%	33.0%	67.1%	-3.1%	-1.8%	6.0M	-1.02B	-1.6M	0.56	34.08	212,740	118,210	660,240	453,190
2023-06-14	$24.74	$16.50	65.3%	19.0%	92.4%	26.0%	67.5%	-1.1%	1.1%	9.2M	-1.10B	-1.7M	0.63	38.56	90,550	56,770	717,360	491,180
2023-06-15	$24.34	$16.50	65.5%	18.8%	92.8%	26.3%	67.4%	-1.3%	0.4%	8.4M	-1.04B	-1.7M	0.72	26.19	102,730	73,740	736,520	506,630
2023-06-16	$23.19	$16.50	63.6%	18.1%	94.9%	23.1%	64.2%	-0.3%	-0.8%	-847.1K	-798.8M	-1.6M	0.82	34.71	138,290	114,060	763,570	543,150
2023-06-20	$22.29	$16.50	61.7%	17.7%	96.7%	19.8%	63.7%	0.4%	1.6%	2.0M	-563.7M	-1.6M	0.72	25.27	160,120	115,560	571,310	395,120
2023-06-21	$22.09	$16.50	59.4%	17.0%	97.1%	16.0%	60.7%	0.6%	2.2%	-458.3K	-527.7M	-1.6M	0.77	26.77	89,560	69,310	622,880	446,400
2023-06-22	$22.73	$16.50	62.0%	17.8%	96.2%	20.4%	63.3%	-1.5%	0.1%	4.5M	-641.8M	-1.6M	0.71	24.92	179,390	127,020	636,380	453,860
2023-06-23	$21.66	$16.50	61.1%	17.3%	98.7%	18.8%	61.7%	-1.0%	2.3%	-5.1M	-436.8M	-1.6M	0.85	28.13	111,720	94,670	665,740	476,150
2023-06-26	$21.86	$16.50	63.3%	18.3%	61.9%	22.7%	65.9%	-0.0%	1.2%	4.1M	-559.6M	-1.6M	0.74	22.92	179,750	132,490	568,520	398,200
2023-06-27	$22.79	$17.50	62.5%	18.0%	59.0%	21.2%	63.8%	-0.5%	0.1%	8.8M	-699.4M	-1.6M	0.49	27.02	128,560	63,340	641,000	447,420
2023-06-28	$23.53	$17.50	64.3%	18.3%	57.5%	24.2%	64.7%	-0.8%	1.1%	12.9M	-815.2M	-1.7M	0.59	24.82	145,490	85,360	649,880	470,970
2023-06-29	$23.30	$17.50	64.4%	17.7%	55.3%	24.5%	63.7%	-1.3%	0.7%	10.7M	-774.3M	-1.7M	0.51	21.31	206,670	104,620	674,780	499,730
2023-06-30	$25.03	$17.50	61.8%	17.3%	59.8%	20.0%	60.9%	-1.8%	-0.7%	48.1M	-1.11B	-1.6M	0.79	27.94	170,140	133,880	725,260	509,120