SMCI Options History — January 2024

In January 2024, SMCI traded between $28.12 and $52.91. ATM implied volatility averaged 75.5%, placing in the 46.8% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded below realized volatility by 9.6% (HV 20d: 85.1%). Max pain ranged from $26.00 to $40.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2024-01-19: Highest Volume — 3,596,120 contracts
  • 2024-01-30: Largest IV drop — 13.7% change
  • 2024-01-22: Highest IV Rank — 68.0%
  • 2024-01-22: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.41$28.12$52.91$28.30$52.91
Max Pain$31.95$26.00$40.00$26.00$40.00
ATM IV75.5%63.9%85.6%68.5%63.9%
Expected Move21.3%16.1%25.1%16.5%17.7%
HV 20d85.1%55.2%121.0%58.3%114.3%
HV 60d72.8%60.9%87.0%62.2%84.9%
IV Rank46.8%22.7%68.0%32.3%22.7%
IV Percentile72.9%46.4%90.1%60.7%46.4%
Term Structure-1.4%-4.6%3.0%1.7%-0.5%
VWIV74.8%57.0%88.8%58.7%62.3%
Skew 25d-1.5%-5.0%1.5%1.5%-1.2%
Skew 10d-1.2%-7.4%5.1%5.1%-4.1%
Call IV 25d77.4%64.9%90.1%70.4%64.9%
Put IV 25d75.9%63.7%85.1%71.9%63.7%
Bid-Ask Spread %26.8216.1747.3347.3326.84
Gamma HHI0.060.030.120.030.06
Net GEX23.8M-1.9M64.8M-1.9M64.8M
Net DEX-1.45B-3.16B-117.4M-145.1M-3.16B
Net VEX-3.7M-6.1M-2.9M-2.9M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.490.860.850.51
Total Volume1,012,864.762198,4603,596,120227,9401,819,510
Total OI1,699,587.6191,256,2402,514,9601,256,2402,514,960

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$28.30$26.0068.5%16.5%58.3%32.3%58.7%1.5%1.7%-1.9M-145.1M-2.9M0.8547.33123,040104,900582,940673,300
2024-01-03$28.12$26.0069.8%16.1%58.3%35.0%57.0%-0.4%2.1%-1.8M-117.4M-3.0M0.7142.61116,05082,410615,990701,510
2024-01-04$28.98$30.0072.5%20.3%58.7%40.5%71.5%-0.3%3.0%11.7M-314.0M-3.1M0.5828.63259,070150,900651,400730,630
2024-01-05$29.16$30.0071.5%20.3%57.6%38.4%71.2%0.4%2.1%21.9M-351.1M-3.1M0.6622.01232,110152,760698,430755,290
2024-01-08$31.97$30.0076.8%21.5%64.8%49.6%75.9%-0.8%-2.1%20.8M-784.7M-3.1M0.5823.26391,590225,420591,010686,520
2024-01-09$34.41$30.0077.0%21.2%65.1%49.9%74.6%-1.5%-2.9%34.6M-1.31B-3.3M0.5325.07498,820265,660707,820747,280
2024-01-10$34.25$30.0077.3%21.3%62.7%50.6%75.1%-2.4%-2.0%35.1M-1.23B-3.2M0.6827.89421,690287,690739,760827,920
2024-01-11$34.21$30.0075.2%20.8%62.9%46.3%73.2%-0.2%-3.1%34.5M-1.17B-3.3M0.8628.61273,210234,270817,270881,070
2024-01-12$34.07$30.0073.7%20.4%63.0%43.0%72.3%-1.1%-3.6%23.0M-1.10B-3.4M0.6527.99207,980136,190863,290922,830
2024-01-16$32.66$30.0076.2%21.7%61.1%48.2%76.1%0.4%-3.2%9.0M-618.6M-3.3M0.5533.32343,830188,300640,270757,540
2024-01-17$31.77$30.0076.3%21.9%61.9%48.6%76.6%0.6%-0.6%3.4M-442.7M-3.4M0.7130.39294,130207,480724,650818,700
2024-01-18$31.25$30.0076.6%22.0%55.2%49.2%77.6%0.4%-1.6%1.7M-374.0M-3.5M0.5535.39335,710183,250777,500861,950
2024-01-19$42.36$30.0084.1%24.3%121.0%64.8%85.1%-4.0%-0.7%19.1M-2.97B-3.1M0.6019.832,241,1701,354,950867,210914,020
2024-01-22$44.23$33.0085.6%25.1%119.9%68.0%88.8%-5.0%-4.1%23.6M-1.87B-3.7M0.4921.031,260,630622,740637,580791,480
2024-01-23$45.48$34.0082.3%24.0%119.7%61.0%83.9%-3.3%-4.6%39.9M-2.26B-4.3M0.4917.08675,130331,790942,400965,030
2024-01-24$46.87$35.0081.1%23.9%117.1%58.5%84.2%-3.8%-2.7%50.6M-2.57B-4.3M0.6423.571,047,240671,1801,000,1601,029,770
2024-01-25$47.57$35.0080.0%23.4%117.1%56.2%82.5%-3.7%-2.4%39.8M-2.53B-4.7M0.8123.85505,050409,3101,042,4601,215,060
2024-01-26$47.41$36.0077.5%23.2%117.2%51.0%81.4%-2.2%-3.2%15.8M-2.47B-4.7M0.8022.63616,630493,2901,091,7001,285,260
2024-01-29$49.20$37.0074.8%22.8%116.5%45.4%80.5%-1.3%-1.5%15.6M-1.97B-4.5M0.6619.81624,130409,440698,310902,930
2024-01-30$51.51$39.0064.5%18.2%115.1%24.0%63.2%-3.2%1.2%38.5M-2.63B-4.6M0.6116.171,532,580938,930912,8601,105,280
2024-01-31$52.91$40.0063.9%17.7%114.3%22.7%62.3%-1.2%-0.5%64.8M-3.16B-6.1M0.5126.841,202,200617,3101,217,4701,297,490