SMCI Options History — December 2023

In December 2023, SMCI traded between $25.41 and $32.44. ATM implied volatility averaged 58.2%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded below realized volatility by 5.4% (HV 20d: 63.6%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-12-18: Highest Volume — 813,330 contracts
  • 2023-12-18: Largest IV spike — 6.5% change
  • 2023-12-20: Highest IV Rank — 21.1%
  • 2023-12-20: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.39$25.41$32.44$26.72$28.48
Max Pain$25.59$25.00$26.00$25.75$26.00
ATM IV58.2%54.3%62.0%55.0%61.0%
Expected Move16.7%15.9%17.8%16.5%16.0%
HV 20d63.6%51.3%72.6%67.6%58.6%
HV 60d62.9%61.5%64.5%62.5%62.5%
IV Rank12.8%5.5%21.1%7.0%16.5%
IV Percentile18.5%2.8%39.3%5.6%29.4%
Term Structure3.2%-0.1%12.9%0.3%8.7%
VWIV59.2%55.9%62.9%58.1%56.7%
Skew 25d-0.3%-2.3%1.2%1.2%-0.4%
Skew 10d0.5%-4.4%3.7%2.4%-0.9%
Call IV 25d58.7%54.4%63.8%54.4%59.0%
Put IV 25d58.4%54.9%62.4%55.6%58.6%
Bid-Ask Spread %46.7335.1658.4252.7042.87
Gamma HHI0.100.040.540.170.10
Net GEX9.2M-21.9M84.2M-18.2M-8.8M
Net DEX-364.2M-1.05B46.3M-13.1M-119.7M
Net VEX-3.0M-3.3M-2.7M-2.7M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.221.040.741.04
Total Volume432,111194,430813,330491,340370,440
Total OI1,449,6871,053,9401,615,6401,435,7601,545,740

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$26.72$25.7555.0%16.5%67.6%7.0%58.1%1.2%0.3%-18.2M-13.1M-2.7M0.7452.70282,470208,870668,870766,890
2023-12-04$26.59$25.0057.6%16.9%66.5%12.3%60.7%0.7%0.9%-1.6M-116.5M-2.8M0.4648.42248,160114,080572,070701,690
2023-12-05$26.20$25.0057.2%16.9%66.5%11.4%60.7%0.8%1.8%-3.4M-58.9M-2.8M0.3650.19181,93065,480637,450752,860
2023-12-06$25.54$25.0056.3%16.7%67.2%9.5%58.7%1.2%1.9%-8.4M46.3M-2.8M0.4051.99260,600104,900688,930768,750
2023-12-07$25.41$25.0055.6%16.6%66.8%8.1%57.9%1.2%3.8%-9.7M45.5M-2.8M0.4755.02194,90091,730755,490800,980
2023-12-08$27.29$25.0054.4%16.2%71.3%5.8%57.0%0.5%1.3%16.3M-424.7M-2.9M0.4753.10310,660146,950793,360820,060
2023-12-11$26.25$25.0055.9%16.4%72.6%8.7%57.9%1.0%1.2%1.8M-137.9M-2.7M0.6950.14183,690126,990629,160726,460
2023-12-12$26.59$25.0055.3%16.2%71.3%7.6%57.6%0.5%1.2%6.0M-221.9M-2.8M0.2256.47261,77058,850682,120770,710
2023-12-13$27.22$25.0054.3%15.9%51.3%5.5%55.9%-0.5%1.2%18.9M-369.2M-2.8M0.2358.42355,37081,250746,670787,980
2023-12-14$29.30$26.0056.9%16.4%57.7%10.8%58.1%-1.3%-0.1%44.1M-927.7M-2.9M0.3150.63597,090184,780752,180804,340
2023-12-15$29.97$26.0056.2%16.4%58.1%9.3%58.2%-1.4%1.6%84.2M-1.05B-2.8M0.4352.85334,430142,650778,810836,830
2023-12-18$32.44$26.0059.9%17.2%64.1%16.8%61.2%-2.3%0.4%17.2M-862.7M-2.8M0.5735.16516,830296,500500,180553,760
2023-12-19$31.56$26.0061.2%17.6%61.9%19.5%62.2%-1.6%0.9%15.8M-739.9M-3.2M0.5936.72321,200189,510611,640656,190
2023-12-20$30.46$26.0062.0%17.8%60.7%21.1%62.9%-1.8%2.7%10.7M-533.6M-3.3M0.3539.31367,840126,970700,120717,070
2023-12-21$30.44$26.0061.3%17.5%60.3%19.6%62.0%-1.2%2.1%11.8M-539.8M-3.3M0.3338.29281,42093,470778,220744,510
2023-12-22$29.04$26.0060.7%17.1%62.9%17.5%60.6%-0.9%1.8%-21.9M-162.5M-3.2M0.5939.91502,320294,910840,550760,740
2023-12-26$29.52$26.0061.1%17.1%62.6%16.9%61.3%-1.3%8.9%9.6M-378.2M-3.2M0.7239.27195,290140,860686,020679,970
2023-12-27$29.56$26.0060.0%16.8%61.7%14.6%59.6%-0.3%10.6%12.6M-406.0M-3.2M0.5341.34127,05067,380732,830738,910
2023-12-28$29.20$26.0061.3%16.2%61.8%17.2%57.4%-0.5%12.9%6.4M-309.5M-3.2M0.6741.76127,37085,260753,060751,570
2023-12-29$28.48$26.0061.0%16.0%58.6%16.5%56.7%-0.4%8.7%-8.8M-119.7M-3.1M1.0442.87181,950188,490768,790776,950