SMCI Options History — October 2023

In October 2023, SMCI traded between $23.75 and $31.16. ATM implied volatility averaged 86.4%, placing in the 78.6% IV rank vs the trailing year. The 30-day expected move averaged 24.7%. IV traded above realized volatility by 25.9% (HV 20d: 60.6%). Max pain ranged from $25.50 to $28.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.83.

Notable Days

2023-10-13: Highest Volume — 763,040 contracts
2023-10-25: Largest IV spike — 7.3% change
2023-10-25: Highest IV Rank — 100.0%
2023-10-26: Largest Expected Move — 31.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.38	$23.75	$31.16	$28.78	$23.93
Max Pain	$26.93	$25.50	$28.00	$25.50	$26.00
ATM IV	86.4%	72.2%	101.0%	72.2%	88.4%
Expected Move	24.7%	17.9%	31.2%	17.9%	28.2%
HV 20d	60.6%	55.3%	66.7%	55.3%	60.8%
HV 60d	81.7%	80.0%	83.9%	80.0%	82.7%
IV Rank	78.6%	48.4%	100.0%	48.4%	74.6%
IV Percentile	92.8%	80.6%	100.0%	80.6%	92.5%
Term Structure	-2.6%	-5.2%	2.6%	-0.2%	-3.6%
VWIV	86.8%	63.8%	108.0%	63.8%	99.6%
Skew 25d	3.9%	2.4%	5.4%	2.4%	4.6%
Skew 10d	7.7%	5.7%	11.0%	8.8%	9.0%
Call IV 25d	85.3%	73.6%	99.9%	73.6%	85.8%
Put IV 25d	89.2%	76.0%	105.3%	76.0%	90.4%
Bid-Ask Spread %	31.52	23.24	40.12	23.49	32.81
Gamma HHI	0.10	0.04	0.58	0.06	0.04
Net GEX	6.2M	-24.5M	74.9M	8.6M	-2.0M
Net DEX	-298.8M	-868.5M	263.1M	-529.3M	4.3M
Net VEX	-2.8M	-3.1M	-2.5M	-2.7M	-2.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.40	1.26	0.85	0.60
Total Volume	342,648.182	163,360	763,040	423,520	163,360
Total OI	1,325,295	1,059,760	1,691,920	1,059,760	1,181,270

Daily Data (22 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
2023-10-02	$28.78	$25.50	72.2%	17.9%	55.3%	48.4%	63.8%	2.4%	-0.2%	8.6M	-529.3M	-2.7M	0.85	23.49	228,580	194,940	489,750	570,010
2023-10-03	$27.14	$25.75	76.8%	19.0%	59.2%	59.2%	67.2%	5.3%	2.6%	-5.3M	-222.9M	-2.8M	1.26	24.35	211,560	266,400	564,010	661,740
2023-10-04	$27.98	$25.75	77.2%	18.5%	58.9%	60.0%	65.4%	3.3%	1.5%	7.2M	-423.8M	-2.9M	0.81	25.67	157,910	128,180	628,090	713,550
2023-10-05	$28.78	$27.00	78.4%	22.0%	59.1%	62.9%	78.2%	2.7%	0.9%	30.8M	-663.4M	-2.9M	1.10	40.12	135,090	149,060	668,480	746,240
2023-10-06	$29.07	$27.00	79.4%	22.1%	57.2%	65.2%	77.1%	2.6%	0.5%	74.9M	-763.4M	-2.8M	0.82	35.70	197,670	161,710	674,980	792,980
2023-10-09	$29.10	$27.00	81.3%	22.4%	57.2%	69.6%	78.4%	3.4%	-3.5%	7.8M	-496.7M	-2.8M	0.64	32.78	133,580	86,050	517,040	635,990
2023-10-10	$31.16	$27.00	82.3%	22.7%	59.5%	72.0%	79.5%	3.8%	-3.3%	18.4M	-868.5M	-2.9M	0.75	28.37	356,160	268,110	565,810	675,700
2023-10-11	$30.83	$27.00	84.0%	22.8%	59.7%	75.8%	80.5%	3.5%	-3.8%	15.6M	-771.1M	-3.1M	0.72	34.91	223,150	160,110	663,370	766,110
2023-10-12	$29.40	$27.00	83.5%	23.1%	62.6%	74.7%	80.8%	3.1%	-3.4%	4.6M	-471.8M	-3.1M	0.66	30.98	330,290	218,750	742,950	799,480
2023-10-13	$28.49	$27.00	84.6%	23.4%	56.2%	77.3%	82.5%	2.9%	-4.4%	-24.5M	-70.1M	-3.0M	0.57	31.07	486,370	276,670	831,480	860,440
2023-10-16	$29.32	$27.00	83.9%	23.7%	56.1%	75.6%	82.6%	3.2%	-3.3%	12.1M	-515.2M	-3.0M	0.62	34.93	152,760	94,520	626,830	664,740
2023-10-17	$29.68	$27.00	84.4%	24.0%	56.0%	76.9%	84.9%	3.1%	-3.1%	15.5M	-592.2M	-3.1M	0.87	34.25	179,390	156,220	658,170	703,980
2023-10-18	$28.43	$28.00	87.6%	25.1%	58.0%	84.2%	88.0%	3.6%	-3.7%	6.4M	-349.5M	-3.0M	1.20	32.07	134,010	160,880	697,040	746,640
2023-10-19	$26.50	$28.00	91.3%	26.3%	61.6%	92.8%	92.2%	4.3%	-3.3%	-8.0M	20.4M	-2.8M	0.78	38.50	203,200	157,990	735,860	769,000
2023-10-20	$24.96	$28.00	92.6%	26.8%	65.9%	96.0%	93.5%	4.7%	-2.7%	-19.1M	263.1M	-2.7M	0.93	38.98	236,320	220,380	785,620	784,430
2023-10-23	$25.45	$28.00	91.5%	26.9%	63.8%	93.2%	95.7%	3.7%	-3.4%	-1.8M	-26.0M	-2.7M	0.40	29.98	190,370	76,290	527,900	578,840
2023-10-24	$26.25	$27.00	92.5%	27.6%	64.7%	95.8%	96.6%	4.3%	-4.1%	5.9M	-187.7M	-2.8M	0.59	23.24	109,940	64,810	601,650	593,160
2023-10-25	$25.44	$27.00	99.3%	30.0%	64.6%	100.0%	104.6%	4.7%	-5.2%	2.5M	-86.3M	-2.8M	0.91	30.59	88,780	81,120	626,840	613,960
2023-10-26	$23.76	$27.00	101.0%	31.2%	66.7%	100.0%	108.0%	5.4%	-4.2%	-7.0M	120.5M	-2.6M	0.95	28.70	151,920	144,420	650,900	631,030
2023-10-27	$24.10	$27.00	98.0%	30.5%	66.2%	93.9%	106.6%	5.1%	-5.1%	-4.3M	40.8M	-2.7M	1.04	28.86	94,120	98,050	688,890	645,410
2023-10-30	$23.75	$26.50	91.8%	29.5%	63.3%	81.4%	105.0%	5.2%	-2.1%	-1.4M	14.4M	-2.5M	1.10	33.01	99,540	109,530	517,450	558,680
2023-10-31	$23.93	$26.00	88.4%	28.2%	60.8%	74.6%	99.6%	4.6%	-3.6%	-2.0M	4.3M	-2.5M	0.60	32.81	102,330	61,030	560,040	621,230