SMCI Options History — August 2023

In August 2023, SMCI traded between $24.41 and $34.96. ATM implied volatility averaged 70.7%, placing in the 40.9% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded below realized volatility by 26.9% (HV 20d: 97.6%). Max pain ranged from $17.00 to $32.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.77.

Notable Days

2023-08-09: Highest Volume — 1,324,850 contracts
2023-08-09: Largest IV drop — 16.6% change
2023-08-08: Highest IV Rank — 57.8%
2023-08-02: Largest Expected Move — 26.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.11	$24.41	$34.96	$33.63	$27.88
Max Pain	$29.98	$17.00	$32.00	$17.00	$30.00
ATM IV	70.7%	60.1%	84.0%	78.4%	63.6%
Expected Move	20.4%	17.3%	26.4%	24.8%	18.3%
HV 20d	97.6%	41.5%	120.9%	41.5%	120.9%
HV 60d	81.5%	66.4%	92.1%	66.4%	81.1%
IV Rank	40.9%	22.0%	57.8%	48.3%	29.9%
IV Percentile	69.0%	33.3%	92.1%	86.9%	50.0%
Term Structure	-1.5%	-4.3%	0.7%	-3.7%	0.1%
VWIV	72.1%	62.4%	92.7%	87.0%	64.7%
Skew 25d	0.1%	-0.7%	1.5%	-0.1%	-0.7%
Skew 10d	0.8%	-2.2%	3.8%	3.1%	0.0%
Call IV 25d	71.5%	61.6%	84.6%	79.1%	65.0%
Put IV 25d	71.6%	61.4%	84.3%	79.0%	64.3%
Bid-Ask Spread %	24.83	14.08	37.73	28.18	25.29
Gamma HHI	0.07	0.03	0.17	0.05	0.07
Net GEX	2.6M	-16.5M	28.8M	10.8M	17.6M
Net DEX	-452.0M	-1.37B	154.2M	-1.24B	-374.6M
Net VEX	-2.1M	-2.7M	-1.6M	-1.7M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.44	1.18	0.84	0.47
Total Volume	420,802.609	115,850	1,324,850	151,880	524,780
Total OI	1,330,066.087	981,240	1,911,830	1,073,010	1,343,040

Daily Data (23 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
2023-08-01	$33.63	$17.00	78.4%	24.8%	41.5%	48.3%	87.0%	-0.1%	-3.7%	10.8M	-1.24B	-1.7M	0.84	28.18	82,700	69,180	538,160	534,850
2023-08-02	$32.24	$17.00	82.1%	26.4%	46.0%	54.6%	92.7%	0.0%	-4.3%	4.6M	-1.04B	-1.8M	0.81	25.08	121,620	98,810	554,710	561,690
2023-08-03	$32.03	$30.00	81.4%	21.8%	44.7%	53.3%	77.3%	-0.5%	-4.2%	7.6M	-1.02B	-1.8M	0.64	14.08	70,630	45,220	583,300	587,170
2023-08-04	$33.74	$30.00	79.2%	21.4%	45.1%	49.6%	75.7%	-0.7%	-4.3%	14.4M	-1.37B	-1.7M	0.95	15.39	258,130	244,850	595,990	594,580
2023-08-07	$34.96	$31.00	83.7%	22.9%	45.7%	57.4%	81.0%	-0.4%	-2.7%	6.0M	-1.27B	-1.8M	1.05	14.55	133,280	139,300	520,760	538,520
2023-08-08	$34.95	$32.00	84.0%	23.2%	45.9%	57.8%	82.1%	-0.3%	-2.3%	5.0M	-1.26B	-1.9M	0.82	17.15	192,200	158,030	579,460	605,930
2023-08-09	$26.57	$32.00	70.0%	20.1%	111.4%	34.0%	70.6%	0.9%	-0.2%	-9.3M	-102.5M	-1.6M	0.74	16.81	761,620	563,230	668,670	691,650
2023-08-10	$27.69	$32.00	66.5%	18.9%	110.4%	28.0%	67.0%	0.4%	-0.5%	28.8M	-583.9M	-2.2M	0.83	21.87	406,110	335,550	981,900	773,410
2023-08-11	$25.46	$32.00	69.0%	19.6%	114.0%	42.8%	69.0%	1.5%	-0.6%	-16.5M	-35.0M	-2.2M	1.02	19.24	372,540	381,310	1,067,180	844,650
2023-08-14	$27.06	$32.00	69.9%	19.9%	116.1%	44.7%	70.2%	0.6%	-1.8%	3.4M	-528.1M	-2.3M	0.66	29.91	266,850	174,840	748,740	727,850
2023-08-15	$26.45	$32.00	68.9%	19.7%	114.3%	42.6%	69.6%	0.7%	-0.8%	1.9M	-452.2M	-2.4M	0.71	31.26	110,580	78,690	807,000	781,200
2023-08-16	$25.54	$32.00	67.2%	19.3%	113.7%	38.1%	67.8%	0.6%	-0.9%	-4.3M	-304.7M	-2.2M	1.18	32.22	116,180	136,580	845,830	788,970
2023-08-17	$24.41	$32.00	67.7%	19.4%	114.3%	39.2%	68.5%	0.1%	-0.9%	-10.6M	-153.1M	-2.1M	0.89	31.93	146,130	130,270	857,760	804,580
2023-08-18	$24.55	$32.00	67.9%	19.6%	114.4%	39.7%	69.1%	-0.1%	-1.0%	-10.3M	-195.5M	-2.1M	0.74	37.73	173,240	129,000	858,140	807,170
2023-08-21	$25.43	$32.00	68.8%	20.2%	115.2%	41.9%	71.5%	-0.1%	-1.2%	-772.3K	4.1M	-2.1M	0.54	28.46	153,730	82,950	451,880	529,360
2023-08-22	$25.66	$31.00	72.2%	21.2%	114.0%	49.4%	75.2%	-0.2%	-1.7%	1.7M	-56.5M	-2.2M	0.69	26.53	139,490	95,710	500,870	565,270
2023-08-23	$27.92	$31.00	72.5%	21.3%	118.9%	50.2%	75.8%	-0.6%	-2.7%	7.3M	-347.6M	-2.4M	0.80	24.05	301,730	242,100	535,940	603,600
2023-08-24	$26.31	$31.00	65.4%	18.9%	119.9%	34.1%	66.9%	0.3%	-1.1%	-3.0M	-37.7M	-2.3M	0.64	27.92	416,310	264,750	587,760	647,680
2023-08-25	$25.42	$31.00	64.0%	18.2%	119.4%	30.8%	64.4%	0.6%	-0.3%	-3.7M	154.2M	-2.3M	1.05	22.06	261,280	273,520	682,160	710,910
2023-08-28	$25.66	$30.50	62.0%	17.7%	119.7%	26.3%	63.6%	0.7%	0.0%	-1.7M	42.0M	-2.4M	0.51	31.61	165,420	84,300	519,000	589,600
2023-08-29	$26.19	$30.00	62.4%	18.1%	119.6%	27.1%	65.0%	-0.1%	-0.2%	3.5M	-66.3M	-2.5M	0.44	28.18	315,600	139,050	578,460	613,170
2023-08-30	$26.87	$30.00	60.1%	17.3%	119.8%	22.0%	62.4%	-0.2%	0.7%	7.8M	-152.0M	-2.6M	0.67	21.54	191,940	129,130	640,910	642,090
2023-08-31	$27.88	$30.00	63.6%	18.3%	120.9%	29.9%	64.7%	-0.7%	0.1%	17.6M	-374.6M	-2.7M	0.47	25.29	357,900	166,880	664,910	678,130