SMCI Options History — February 2024

In February 2024, SMCI traded between $58.06 and $100.10. ATM implied volatility averaged 90.9%, placing in the 65.9% IV rank vs the trailing year. The 30-day expected move averaged 26.6%. IV traded below realized volatility by 39.2% (HV 20d: 130.1%). Max pain ranged from $42.00 to $72.50. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.78.

Notable Days

2024-02-16: Highest Volume — 9,527,830 contracts
2024-02-05: Largest IV spike — 21.4% change
2024-02-15: Highest IV Rank — 100.0%
2024-02-22: Largest Expected Move — 35.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$78.26	$58.06	$100.10	$58.38	$86.16
Max Pain	$58.88	$42.00	$72.50	$42.00	$72.50
ATM IV	90.9%	67.5%	117.8%	67.9%	85.2%
Expected Move	26.6%	18.9%	35.7%	19.1%	25.5%
HV 20d	130.1%	109.8%	168.1%	115.8%	168.1%
HV 60d	100.0%	85.4%	122.2%	86.6%	121.6%
IV Rank	65.9%	30.1%	100.0%	31.0%	48.7%
IV Percentile	87.0%	56.3%	100.0%	57.9%	84.1%
Term Structure	-3.6%	-6.7%	-1.6%	-1.6%	-2.6%
VWIV	95.3%	67.0%	127.2%	67.3%	91.4%
Skew 25d	-6.9%	-13.3%	-2.1%	-3.6%	-8.8%
Skew 10d	-11.0%	-19.0%	-4.2%	-4.9%	-12.0%
Call IV 25d	96.9%	70.0%	128.1%	71.2%	93.8%
Put IV 25d	90.0%	67.6%	116.5%	67.6%	85.0%
Bid-Ask Spread %	19.13	12.79	30.89	30.89	17.50
Gamma HHI	0.07	0.02	0.37	0.09	0.03
Net GEX	63.0M	-114.3M	203.4M	143.9M	57.9M
Net DEX	-5.63B	-13.46B	-1.82B	-5.14B	-4.61B
Net VEX	-13.0M	-18.7M	-6.6M	-6.6M	-18.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.57	1.16	0.57	0.77
Total Volume	3,161,387.5	1,405,930	9,527,830	2,897,220	2,277,800
Total OI	3,607,538	2,201,040	5,070,940	2,760,550	4,315,740

Daily Data (20 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
2024-02-01	$58.38	$42.00	67.9%	19.1%	115.8%	31.0%	67.3%	-3.6%	-1.6%	143.9M	-5.14B	-6.6M	0.57	30.89	1,848,780	1,048,440	1,359,910	1,400,640
2024-02-02	$58.06	$45.00	67.5%	18.9%	116.7%	30.1%	67.0%	-2.1%	-1.8%	203.4M	-4.75B	-7.1M	0.58	29.94	1,814,320	1,056,610	1,510,810	1,679,090
2024-02-05	$65.88	$45.00	81.9%	22.5%	120.5%	60.3%	79.2%	-6.2%	-3.1%	59.1M	-4.80B	-6.8M	0.74	19.13	1,331,390	983,590	1,020,870	1,180,170
2024-02-06	$67.43	$47.00	82.7%	23.0%	119.1%	61.8%	81.6%	-5.2%	-2.0%	61.8M	-5.14B	-8.5M	0.76	22.72	1,468,550	1,120,290	1,226,280	1,541,450
2024-02-07	$68.62	$50.00	81.8%	22.8%	118.5%	60.0%	80.6%	-3.4%	-2.4%	88.9M	-5.69B	-9.2M	0.66	23.17	1,128,360	743,370	1,462,990	1,691,530
2024-02-08	$69.61	$50.00	77.6%	21.7%	117.9%	51.2%	77.3%	-3.5%	-2.0%	105.4M	-5.97B	-9.0M	0.61	26.90	1,198,370	729,770	1,582,830	1,820,410
2024-02-09	$73.84	$50.00	78.3%	22.1%	117.3%	52.6%	77.9%	-4.7%	-2.2%	139.4M	-7.39B	-8.9M	0.63	17.28	1,684,760	1,066,350	1,690,400	1,993,090
2024-02-12	$76.96	$52.00	88.4%	25.1%	116.3%	73.2%	88.9%	-7.0%	-2.9%	59.1M	-6.09B	-9.8M	0.65	20.31	1,467,080	952,570	1,241,110	1,496,270
2024-02-13	$79.30	$55.00	90.0%	25.7%	112.2%	76.4%	90.0%	-5.3%	-3.1%	69.1M	-6.67B	-11.4M	0.82	19.70	931,250	764,990	1,513,820	1,750,400
2024-02-14	$87.56	$57.00	97.6%	28.0%	110.4%	92.8%	99.5%	-10.0%	-4.1%	119.0M	-9.65B	-11.4M	0.72	16.82	1,993,830	1,437,740	1,643,130	1,853,080
2024-02-15	$100.10	$60.00	117.8%	34.0%	111.2%	100.0%	120.2%	-10.5%	-5.5%	142.7M	-13.46B	-12.9M	0.94	16.56	2,457,230	2,307,600	1,788,110	2,164,140
2024-02-16	$81.24	$66.00	109.8%	32.1%	109.8%	87.5%	116.1%	-6.7%	-6.3%	-114.3M	-2.19B	-15.6M	1.16	14.04	4,409,730	5,118,100	1,951,080	2,792,050
2024-02-20	$78.84	$66.00	106.3%	32.2%	111.9%	82.0%	117.8%	-6.9%	-4.6%	3.2M	-2.98B	-15.9M	1.11	12.79	1,792,880	1,997,500	1,435,880	1,953,860
2024-02-21	$73.43	$66.00	99.0%	29.8%	117.4%	70.4%	110.9%	-6.2%	-4.9%	-10.3M	-1.82B	-16.9M	0.78	16.60	1,185,870	922,910	1,817,810	2,331,820
2024-02-22	$99.14	$69.00	116.2%	35.7%	153.0%	97.5%	127.2%	-13.3%	-6.7%	133.6M	-10.74B	-17.2M	0.67	15.57	3,293,480	2,191,030	1,924,250	2,427,640
2024-02-23	$86.00	$70.00	103.8%	31.6%	165.7%	78.0%	114.0%	-11.6%	-5.6%	-43.2M	-4.23B	-18.7M	0.87	13.42	3,123,390	2,729,700	2,128,830	2,942,110
2024-02-26	$87.38	$71.00	98.3%	31.4%	165.4%	69.3%	113.7%	-10.3%	-4.5%	27.1M	-4.50B	-18.6M	0.78	14.46	994,690	775,570	1,450,620	2,070,470
2024-02-27	$85.12	$72.00	85.8%	25.8%	166.6%	49.6%	94.6%	-6.8%	-2.8%	22.7M	-3.93B	-18.3M	0.84	16.34	800,090	673,840	1,685,240	2,228,380
2024-02-28	$82.11	$72.00	82.8%	24.7%	167.9%	45.0%	90.8%	-5.6%	-2.5%	-8.6M	-2.93B	-18.4M	0.86	18.55	757,780	648,150	1,768,100	2,316,350
2024-02-29	$86.16	$72.50	85.2%	25.5%	168.1%	48.7%	91.4%	-8.8%	-2.6%	57.9M	-4.61B	-18.6M	0.77	17.50	1,290,260	987,540	1,896,020	2,419,720