SMCI Options History — November 2023

In November 2023, SMCI traded between $24.59 and $30.56. ATM implied volatility averaged 61.7%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded below realized volatility by 3.4% (HV 20d: 65.1%). Max pain ranged from $23.00 to $26.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.64.

Notable Days

2023-11-02: Highest Volume — 846,790 contracts
2023-11-02: Largest IV drop — 26.0% change
2023-11-01: Highest IV Rank — 73.1%
2023-11-01: Largest Expected Move — 28.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.46	$24.59	$30.56	$25.19	$27.19
Max Pain	$23.93	$23.00	$26.00	$26.00	$25.50
ATM IV	61.7%	54.4%	87.7%	87.7%	55.6%
Expected Move	18.0%	15.8%	28.2%	28.2%	17.0%
HV 20d	65.1%	56.8%	76.3%	62.9%	67.9%
HV 60d	62.0%	57.2%	83.5%	83.5%	62.6%
IV Rank	20.8%	5.7%	73.1%	73.1%	8.1%
IV Percentile	34.1%	4.0%	91.3%	91.3%	6.3%
Term Structure	-0.7%	-4.0%	0.5%	-4.0%	-0.0%
VWIV	64.0%	57.1%	98.0%	98.0%	59.6%
Skew 25d	2.7%	1.3%	5.0%	5.0%	1.7%
Skew 10d	5.9%	2.2%	9.9%	9.9%	3.5%
Call IV 25d	60.8%	53.6%	85.0%	85.0%	55.1%
Put IV 25d	63.5%	55.3%	89.9%	89.9%	56.8%
Bid-Ask Spread %	49.98	32.87	60.60	32.87	52.68
Gamma HHI	0.05	0.03	0.09	0.03	0.04
Net GEX	7.0M	-9.1M	18.8M	1.1M	-9.1M
Net DEX	-351.7M	-758.4M	-37.4M	-147.4M	-75.0M
Net VEX	-2.7M	-2.8M	-2.4M	-2.7M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.44	1.18	0.88	0.73
Total Volume	388,714.762	167,940	846,790	382,850	424,270
Total OI	1,329,961.429	1,099,440	1,590,760	1,247,690	1,322,460

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
2023-11-01	$25.19	$26.00	87.7%	28.2%	62.9%	73.1%	98.0%	5.0%	-4.0%	1.1M	-147.4M	-2.7M	0.88	32.87	203,840	179,010	604,200	643,490
2023-11-02	$24.59	$23.00	64.9%	18.6%	61.9%	27.2%	66.1%	4.2%	0.5%	1.6M	-37.4M	-2.4M	0.57	41.72	537,740	309,050	720,060	721,620
2023-11-03	$25.52	$23.00	62.9%	18.0%	63.7%	23.2%	65.7%	3.9%	0.2%	10.5M	-319.0M	-2.6M	0.69	48.76	364,890	253,480	811,090	779,670
2023-11-06	$25.15	$23.00	63.0%	17.9%	63.7%	23.3%	66.0%	3.9%	-0.1%	752.0K	-117.5M	-2.5M	0.85	55.95	125,100	106,880	572,860	627,100
2023-11-07	$25.43	$23.00	61.6%	17.6%	57.6%	20.5%	63.0%	3.2%	0.1%	2.5M	-161.2M	-2.6M	0.71	52.18	129,410	92,520	612,430	662,610
2023-11-08	$25.90	$23.00	61.3%	17.5%	58.4%	20.0%	61.5%	3.0%	-0.1%	5.5M	-235.1M	-2.6M	0.51	53.08	168,050	84,930	625,510	692,940
2023-11-09	$26.41	$23.00	62.6%	18.1%	57.4%	22.6%	63.5%	3.0%	0.4%	11.4M	-329.7M	-2.7M	0.66	51.65	279,570	183,620	648,670	718,450
2023-11-10	$26.67	$23.00	61.9%	17.6%	56.8%	21.1%	62.7%	3.4%	-0.5%	11.7M	-355.8M	-2.6M	0.46	53.19	249,120	113,630	671,850	753,100
2023-11-13	$25.62	$23.00	64.1%	18.3%	56.8%	25.7%	66.6%	4.3%	-0.8%	116.9K	-156.9M	-2.5M	1.18	60.60	135,810	160,360	593,970	647,560
2023-11-14	$29.39	$23.00	63.8%	18.3%	76.3%	25.0%	64.5%	1.8%	-1.7%	18.8M	-758.4M	-2.7M	0.49	55.15	548,660	268,630	627,080	693,570
2023-11-15	$28.72	$23.00	63.4%	18.2%	75.2%	24.3%	64.6%	2.1%	-0.9%	16.6M	-621.1M	-2.8M	0.59	58.78	260,000	154,460	701,320	760,690
2023-11-16	$28.49	$24.00	62.7%	18.0%	70.5%	22.8%	63.3%	2.1%	-0.9%	11.9M	-540.6M	-2.8M	0.46	60.44	164,290	75,740	730,650	790,870
2023-11-17	$28.81	$24.00	61.5%	17.7%	66.4%	20.3%	63.4%	1.9%	-1.1%	10.2M	-615.1M	-2.7M	0.49	54.55	267,940	131,860	763,640	804,900
2023-11-20	$30.56	$24.00	61.1%	17.6%	68.8%	19.5%	63.2%	2.9%	-2.0%	14.1M	-627.8M	-2.8M	0.67	38.70	218,020	145,860	506,570	592,870
2023-11-21	$29.13	$24.00	61.2%	17.9%	71.1%	19.8%	63.4%	2.8%	-1.6%	9.1M	-440.9M	-2.8M	0.56	45.21	173,710	97,050	583,290	652,300
2023-11-22	$28.66	$25.00	57.8%	16.7%	70.3%	12.9%	58.8%	1.5%	-1.0%	5.0M	-359.1M	-2.7M	0.44	46.29	350,730	155,030	638,430	689,540
2023-11-24	$28.58	$25.00	54.5%	15.8%	64.7%	6.4%	57.3%	1.3%	-1.2%	3.7M	-366.8M	-2.7M	0.85	51.49	90,640	77,300	701,080	716,490
2023-11-27	$29.28	$25.00	54.8%	16.2%	64.9%	6.8%	57.7%	1.8%	-0.2%	8.7M	-423.0M	-2.7M	0.57	42.48	177,310	100,300	496,940	615,320
2023-11-28	$28.49	$25.00	54.4%	16.2%	65.7%	5.7%	57.1%	1.7%	0.2%	4.4M	-317.0M	-2.7M	0.68	50.15	124,930	85,240	538,470	648,640
2023-11-29	$28.82	$25.00	55.3%	16.5%	65.7%	7.6%	58.2%	1.5%	-0.8%	8.5M	-381.7M	-2.7M	0.44	43.62	272,900	121,130	565,600	681,290
2023-11-30	$27.19	$25.50	55.6%	17.0%	67.9%	8.1%	59.6%	1.7%	-0.0%	-9.1M	-75.0M	-2.7M	0.73	52.68	245,140	179,130	604,770	717,690