SMCI Options History — May 2024

In May 2024, SMCI traded between $74.06 and $94.94. ATM implied volatility averaged 68.4%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded below realized volatility by 43.5% (HV 20d: 112.0%). Max pain ranged from $72.00 to $80.50. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2024-05-23: Highest Volume — 3,396,750 contracts
  • 2024-05-15: Largest IV spike — 11.8% change
  • 2024-05-01: Highest IV Rank — 35.5%
  • 2024-05-01: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$83.79$74.06$94.94$74.06$78.21
Max Pain$75.25$72.00$80.50$80.50$79.00
ATM IV68.4%63.7%76.9%76.9%66.9%
Expected Move19.2%17.7%20.8%20.8%19.4%
HV 20d112.0%70.2%137.9%128.2%73.0%
HV 60d118.5%96.8%134.8%134.2%96.8%
IV Rank22.3%14.9%35.5%35.5%19.8%
IV Percentile42.7%31.0%56.3%56.3%37.7%
Term Structure-1.0%-2.3%0.9%-1.2%-1.8%
VWIV68.3%63.0%74.2%74.2%68.6%
Skew 25d-1.7%-5.3%1.8%1.1%-0.5%
Skew 10d-2.9%-6.7%0.1%-1.2%-0.8%
Call IV 25d70.2%65.0%76.7%76.7%69.0%
Put IV 25d68.5%63.5%77.8%77.8%68.6%
Bid-Ask Spread %29.6022.0743.1739.9432.41
Gamma HHI0.070.020.310.030.10
Net GEX9.4M-119.3M137.6M-59.3M-119.3M
Net DEX-2.06B-6.84B1.12B883.0M1.12B
Net VEX-20.0M-21.7M-18.1M-18.1M-20.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.551.190.771.19
Total Volume1,694,727.727695,6103,396,7503,113,2102,407,410
Total OI3,275,667.7272,571,2104,007,9803,425,1603,310,530

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$74.06$80.5076.9%20.8%128.2%35.5%74.2%1.1%-1.2%-59.3M883.0M-18.1M0.7739.941,755,7201,357,4901,640,9001,784,260
2024-05-02$75.41$78.0074.4%19.6%128.4%31.6%69.5%-0.6%-2.3%-7.3M-251.5M-19.4M0.8238.09856,980698,8301,907,4201,938,080
2024-05-03$78.16$78.0069.3%18.5%129.3%23.7%65.9%1.8%-0.3%106.7M-1.79B-19.4M0.6743.171,255,630837,0001,993,6202,014,360
2024-05-06$83.09$72.0069.2%19.2%131.6%23.5%68.2%-1.5%0.0%47.0M-2.71B-19.7M0.6229.11775,450477,8601,422,2701,616,700
2024-05-07$81.85$72.0067.4%18.9%131.3%20.6%66.8%-1.1%0.0%38.6M-2.32B-19.8M0.8229.22445,790363,4301,531,6701,714,780
2024-05-08$82.34$72.0066.7%18.4%131.3%19.6%65.5%-1.0%0.1%47.6M-2.43B-19.3M0.8330.87521,030434,0701,581,0801,773,440
2024-05-09$79.90$72.0065.6%18.2%131.0%17.7%64.2%-1.2%-1.0%-30.4M-1.26B-19.1M0.9030.31554,260498,7901,654,2101,837,820
2024-05-10$79.89$72.0064.3%17.9%130.5%15.8%63.6%-0.9%-0.3%-112.6M-1.26B-18.9M0.8633.50844,650725,8601,715,8101,889,870
2024-05-13$78.56$72.0063.9%17.8%130.5%15.1%63.0%-0.6%-1.0%-4.4M-996.1M-18.2M0.7734.33394,120301,4901,352,5201,569,490
2024-05-14$82.58$72.0063.7%17.7%126.9%14.9%63.2%-1.6%-2.2%52.5M-2.51B-18.9M0.7532.04596,910447,8401,437,6601,650,670
2024-05-15$94.94$73.0071.2%19.7%137.3%26.7%70.0%-5.3%-2.2%111.6M-6.84B-19.5M0.6125.091,940,6001,177,4801,500,6001,719,100
2024-05-16$90.73$74.0068.6%19.1%137.9%22.6%69.0%-3.4%-2.3%64.0M-4.96B-20.6M0.6225.071,393,000857,9701,684,5401,959,730
2024-05-17$88.87$75.0069.5%19.7%95.6%23.9%69.9%-5.0%-1.0%-37.3M-3.68B-20.3M0.8728.181,222,3301,061,3101,813,8302,031,840
2024-05-20$90.00$75.0069.9%19.8%95.5%24.5%71.5%-3.2%-1.8%37.0M-3.09B-20.6M0.6022.07640,410382,9801,162,0801,409,130
2024-05-21$90.35$75.0069.7%19.9%93.3%24.2%71.1%-3.0%-1.1%50.6M-3.32B-21.2M0.5522.59791,400436,2901,298,2801,490,300
2024-05-22$87.61$75.0071.3%20.5%94.1%26.9%73.3%-3.4%-0.6%27.9M-2.50B-21.1M0.7224.78564,420405,7801,397,0201,553,740
2024-05-23$84.49$77.0067.7%19.4%94.5%21.1%69.9%-2.3%-0.2%-32.4M-1.23B-20.8M0.7823.521,910,7501,486,0001,482,2801,662,340
2024-05-24$88.55$77.0064.1%18.3%91.6%15.5%65.0%-1.8%0.9%137.6M-2.73B-21.7M0.8423.251,409,6901,182,1401,680,9101,852,510
2024-05-28$87.04$78.0069.2%19.8%90.6%23.5%70.4%-1.8%-1.0%-706.6K-1.99B-21.1M0.8025.73758,460608,7101,226,5001,540,570
2024-05-29$84.21$78.0068.8%19.7%90.9%22.9%70.2%-1.3%-1.9%-40.6M-1.05B-21.5M1.1527.19624,090718,9501,375,9101,645,390
2024-05-30$82.50$79.0067.4%19.7%70.2%20.7%69.5%-1.2%-1.5%-70.8M-521.5M-21.3M0.9430.62599,710560,9301,479,9601,760,970
2024-05-31$78.21$79.0066.9%19.4%73.0%19.8%68.6%-0.5%-1.8%-119.3M1.12B-20.3M1.1932.411,099,0401,308,3701,520,2801,790,250