SMCI Options History — March 2024

In March 2024, SMCI traded between $88.74 and $118.99. ATM implied volatility averaged 95.0%, placing in the 64.1% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded below realized volatility by 57.8% (HV 20d: 152.8%). Max pain ranged from $74.00 to $91.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2024-03-08: Highest Volume — 4,002,800 contracts
  • 2024-03-04: Largest IV spike — 28.6% change
  • 2024-03-05: Highest IV Rank — 94.1%
  • 2024-03-06: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.04$88.74$118.99$90.22$100.60
Max Pain$84.85$74.00$91.00$74.00$91.00
ATM IV95.0%80.2%114.0%86.4%83.4%
Expected Move26.9%22.8%31.0%25.1%22.8%
HV 20d152.8%107.4%176.9%166.1%109.5%
HV 60d128.3%121.6%132.1%121.6%132.0%
IV Rank64.1%40.8%94.1%50.6%45.8%
IV Percentile88.6%69.0%99.2%86.5%73.0%
Term Structure1.1%-5.7%10.4%-2.6%10.4%
VWIV95.5%81.3%109.4%91.5%81.3%
Skew 25d-9.1%-19.1%-4.1%-7.0%-4.1%
Skew 10d-15.0%-27.1%-7.3%-13.6%-9.1%
Call IV 25d102.0%84.1%129.3%93.2%85.1%
Put IV 25d92.9%80.0%110.6%86.2%80.9%
Bid-Ask Spread %15.7312.0118.7918.1518.35
Gamma HHI0.060.020.240.240.02
Net GEX78.4M-34.6M202.0M202.0M10.9M
Net DEX-6.89B-12.66B-475.7M-6.37B-3.34B
Net VEX-21.3M-22.6M-18.4M-18.4M-21.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.550.900.640.73
Total Volume2,095,4591,288,6804,002,8002,969,2801,422,590
Total OI3,982,3672,845,0704,854,8204,558,4803,874,330

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$90.22$74.0086.4%25.1%166.1%50.6%91.5%-7.0%-2.6%202.0M-6.37B-18.4M0.6418.151,810,3401,158,9402,024,6302,533,850
2024-03-04$109.25$76.00111.1%29.6%176.2%89.6%105.1%-12.9%-3.2%100.5M-10.02B-19.1M0.6813.852,337,4801,587,4901,473,7201,989,250
2024-03-05$107.01$80.00114.0%30.8%173.4%94.1%109.4%-16.1%-5.7%72.1M-9.00B-22.5M0.6512.011,544,7201,009,0001,774,3202,436,610
2024-03-06$112.22$80.00113.5%31.0%173.6%93.2%109.2%-19.1%-4.8%152.2M-12.66B-22.5M0.6213.781,500,580936,0202,082,7402,523,020
2024-03-07$115.15$80.00107.2%29.5%173.6%83.4%104.1%-15.2%-3.0%159.5M-12.49B-21.9M0.5513.431,183,180645,0202,055,3502,686,070
2024-03-08$114.92$81.00105.9%29.6%173.8%81.3%103.8%-16.0%-3.2%165.0M-12.08B-21.2M0.8215.902,203,9801,798,8202,089,8702,764,950
2024-03-11$108.10$85.0099.4%28.7%175.9%71.0%101.5%-9.6%0.7%48.1M-7.09B-21.8M0.7215.34797,520572,3601,499,2102,162,170
2024-03-12$116.46$85.0096.5%27.7%176.9%66.5%97.7%-9.3%0.4%120.2M-10.16B-21.3M0.7314.40835,470614,1001,667,9302,273,550
2024-03-13$118.99$85.0094.8%27.8%176.9%63.8%97.9%-8.5%2.7%170.0M-11.41B-21.2M0.7117.93751,540537,1401,794,5302,400,900
2024-03-14$113.37$85.0091.4%26.4%175.9%58.5%93.8%-7.0%1.0%123.3M-9.01B-21.4M0.8316.06850,550705,0201,903,8202,500,860
2024-03-15$110.06$87.0091.6%26.9%170.5%58.7%94.9%-5.9%4.7%50.4M-6.77B-20.9M0.6517.791,249,620807,0401,958,0802,623,090
2024-03-18$99.61$88.0097.1%27.8%156.1%67.5%100.3%-5.4%-0.7%-3.2M-2.83B-20.8M0.7014.991,199,130836,9301,181,4801,663,590
2024-03-19$90.42$88.0087.7%25.3%160.2%52.7%91.0%-4.7%-0.8%-34.6M-700.4M-20.4M0.7515.151,069,180801,7901,541,8901,856,900
2024-03-20$88.74$87.0080.2%23.0%157.9%40.8%82.9%-4.2%0.9%-33.8M-475.7M-20.1M0.7917.75917,520725,3301,773,8401,984,410
2024-03-21$97.27$87.0086.7%24.9%119.7%51.0%89.7%-8.3%-0.3%123.8M-4.62B-22.1M0.5915.511,757,4901,036,5501,941,5402,105,270
2024-03-22$97.22$89.0086.3%24.7%107.4%50.4%88.6%-6.0%0.2%3.2M-3.99B-21.9M0.6713.851,341,990898,0002,020,6302,281,500
2024-03-25$105.95$89.0091.2%26.1%111.1%58.2%91.8%-8.6%8.8%76.3M-5.87B-22.2M0.6514.37962,240624,4501,352,4201,762,340
2024-03-26$103.26$90.0090.0%25.5%111.1%56.2%90.5%-7.7%8.2%64.0M-5.00B-22.6M0.9017.14736,790659,8801,496,7201,909,710
2024-03-27$102.04$90.0085.6%24.1%110.1%49.4%84.9%-5.9%8.8%-2.6M-3.88B-22.4M0.7718.79839,830643,5601,599,0102,083,240
2024-03-28$100.60$91.0083.4%22.8%109.5%45.8%81.3%-4.1%10.4%10.9M-3.34B-21.7M0.7318.35821,380601,2101,725,1802,149,150