SMCI Options History — July 2023

In July 2023, SMCI traded between $24.96 and $33.33. ATM implied volatility averaged 78.6%, placing in the 48.6% IV rank vs the trailing year. The 30-day expected move averaged 23.0%. IV traded above realized volatility by 26.8% (HV 20d: 51.8%). Max pain ranged from $13.50 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-07-20: Highest Volume — 529,810 contracts
  • 2023-07-10: Largest IV spike — 9.9% change
  • 2023-07-19: Highest IV Rank — 64.6%
  • 2023-07-19: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.42$24.96$33.33$24.96$32.86
Max Pain$15.47$13.50$17.50$17.50$17.00
ATM IV78.6%65.1%88.0%65.1%78.5%
Expected Move23.0%17.8%25.2%17.8%24.4%
HV 20d51.8%41.8%59.5%57.9%41.8%
HV 60d84.0%66.3%88.7%88.7%66.3%
IV Rank48.6%25.6%64.6%25.6%48.4%
IV Percentile86.7%61.5%94.4%61.5%87.3%
Term Structure0.3%-3.4%12.2%10.7%-3.3%
VWIV81.4%63.2%89.2%63.2%86.2%
Skew 25d-0.6%-4.1%0.8%-3.6%-0.1%
Skew 10d1.2%-4.9%3.8%-0.6%2.8%
Call IV 25d79.7%66.6%89.5%68.0%78.6%
Put IV 25d79.1%64.4%88.9%64.4%78.6%
Bid-Ask Spread %27.5320.7333.0426.6226.16
Gamma HHI0.070.040.120.060.06
Net GEX13.4M6.7M19.5M11.3M7.8M
Net DEX-1.27B-1.73B-920.9M-931.5M-1.13B
Net VEX-1.6M-1.8M-1.4M-1.6M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.521.200.730.79
Total Volume287,558138,720529,810138,720167,700
Total OI1,231,9601,020,5601,654,1601,080,3101,020,560

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$24.96$17.5065.1%17.8%57.9%25.6%63.2%-3.6%10.7%11.3M-931.5M-1.6M0.7326.6280,05058,670622,030458,280
2023-07-05$25.55$17.5065.8%18.1%58.2%26.8%64.2%-0.3%9.9%13.4M-1.01B-1.5M0.7024.93112,73078,570632,560473,090
2023-07-06$24.97$13.5067.0%22.2%57.6%28.9%78.7%-0.7%11.2%10.2M-920.9M-1.6M1.1529.6074,09085,330656,950500,650
2023-07-07$26.21$14.0069.6%22.6%59.5%33.3%80.4%-4.1%12.2%18.1M-1.14B-1.5M0.8424.28160,240135,110673,970519,630
2023-07-10$26.80$14.0076.5%22.8%54.9%45.0%80.5%0.7%0.9%13.2M-1.13B-1.5M0.9129.93122,290110,700630,610487,140
2023-07-11$27.03$14.0079.8%23.1%54.4%50.6%81.7%-2.1%-0.5%14.2M-1.17B-1.5M0.7527.66133,910100,370671,440538,320
2023-07-12$27.69$14.5082.4%23.0%54.6%55.1%80.9%-1.5%-2.6%18.0M-1.29B-1.5M0.6526.20132,44085,520691,950565,470
2023-07-13$29.36$14.5082.8%23.4%54.0%55.8%82.7%-0.8%-1.5%19.5M-1.59B-1.4M0.8029.35214,350172,290710,420585,480
2023-07-14$29.50$14.5084.7%23.8%54.0%58.9%83.9%-0.3%-2.7%18.8M-1.54B-1.5M0.8930.73191,370171,180722,840637,730
2023-07-17$30.25$15.0085.3%24.2%53.4%60.0%85.4%-0.1%-2.1%11.4M-1.46B-1.5M0.9231.64127,440117,100660,710565,530
2023-07-18$31.79$15.0085.9%24.5%50.3%61.0%86.2%-0.4%-2.4%17.4M-1.73B-1.5M0.8928.13184,920164,070709,120610,010
2023-07-19$30.21$15.0088.0%25.2%52.0%64.6%89.2%-0.7%-2.7%8.8M-1.41B-1.7M0.8531.61257,800218,990748,870668,640
2023-07-20$30.42$15.0082.2%23.7%51.4%54.7%83.7%-0.0%-2.2%10.3M-1.43B-1.7M0.5233.04349,290180,520801,380709,540
2023-07-21$30.36$15.5079.9%23.1%51.5%50.8%82.1%0.4%-2.4%14.2M-1.50B-1.7M0.8331.41259,810214,590882,360771,800
2023-07-24$30.78$16.5081.6%24.0%45.9%53.8%85.3%0.5%-3.4%6.7M-1.02B-1.7M1.0220.73124,190126,360521,390531,170
2023-07-25$32.02$16.5081.3%24.0%46.4%53.1%85.0%0.8%-3.4%11.2M-1.19B-1.7M0.7021.07150,200104,930547,630560,140
2023-07-26$31.82$16.5079.5%23.8%46.4%50.2%84.2%0.5%-2.9%12.5M-1.16B-1.8M1.0225.8188,86090,230580,240577,330
2023-07-27$32.46$16.5079.3%23.8%46.1%49.8%84.3%0.6%-3.0%16.5M-1.27B-1.7M1.2027.17153,680184,610585,400589,100
2023-07-28$33.33$17.0076.5%22.8%45.2%45.1%80.5%-0.2%-3.2%14.3M-1.37B-1.6M1.1524.44123,950142,710598,140621,580
2023-07-31$32.86$17.0078.5%24.4%41.8%48.4%86.2%-0.1%-3.3%7.8M-1.13B-1.7M0.7926.1693,65074,050511,660508,900