SMCI Options History — December 2024

In December 2024, SMCI traded between $30.42 and $44.38. ATM implied volatility averaged 101.4%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 29.4%. IV traded below realized volatility by 57.9% (HV 20d: 159.3%). Max pain ranged from $38.00 to $45.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.55.

Notable Days

2024-12-02: Highest Volume — 1,657,625 contracts
2024-12-20: Largest IV drop — 7.0% change
2024-12-02: Highest IV Rank — 42.2%
2024-12-02: Largest Expected Move — 38.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.38	$30.42	$44.38	$41.84	$30.42
Max Pain	$43.29	$38.00	$45.00	$38.00	$40.00
ATM IV	101.4%	88.9%	122.2%	122.2%	93.8%
Expected Move	29.4%	24.2%	38.9%	38.9%	24.2%
HV 20d	159.3%	65.4%	200.1%	199.6%	65.4%
HV 60d	156.7%	155.5%	158.2%	156.4%	156.7%
IV Rank	28.0%	18.6%	42.2%	42.2%	21.6%
IV Percentile	79.3%	60.3%	92.9%	92.9%	69.8%
Term Structure	2.5%	-0.5%	9.5%	-0.5%	9.5%
VWIV	107.0%	89.8%	142.2%	142.2%	89.8%
Skew 25d	-3.5%	-6.1%	-1.1%	-6.0%	-4.3%
Skew 10d	-4.0%	-9.2%	0.8%	-4.4%	-4.1%
Call IV 25d	106.2%	92.7%	126.1%	126.1%	101.3%
Put IV 25d	102.7%	87.5%	120.1%	120.1%	97.0%
Bid-Ask Spread %	4.66	2.55	6.49	5.69	3.06
Gamma HHI	0.04	0.02	0.15	0.03	0.03
Net GEX	8.9M	-6.7M	29.3M	17.7M	1.6M
Net DEX	-627.0M	-2.61B	585.8M	-2.20B	415.8M
Net VEX	-17.5M	-21.6M	-13.4M	-21.5M	-13.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.35	1.05	0.46	0.44
Total Volume	516,992.429	176,194	1,657,625	1,657,625	176,194
Total OI	4,202,153.857	3,614,352	4,599,611	4,002,217	3,684,541

Daily Data (21 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
2024-12-02	$41.84	$38.00	122.2%	38.9%	199.6%	42.2%	142.2%	-6.0%	-0.5%	17.7M	-2.20B	-21.5M	0.46	5.69	1,137,058	520,567	2,054,514	1,947,703
2024-12-03	$40.65	$38.00	117.3%	37.3%	200.1%	39.1%	136.4%	-5.2%	1.2%	18.1M	-1.88B	-21.4M	0.42	5.15	817,882	344,116	2,212,444	2,133,602
2024-12-04	$41.66	$39.00	111.0%	34.9%	200.1%	35.2%	127.7%	-5.5%	0.5%	22.0M	-2.02B	-21.5M	0.41	4.25	351,659	145,699	2,279,049	2,222,181
2024-12-05	$41.92	$45.00	108.3%	31.3%	187.5%	33.5%	113.4%	-6.1%	2.2%	23.7M	-2.05B	-21.2M	0.51	5.69	290,365	147,263	2,294,899	2,258,954
2024-12-06	$43.67	$45.00	104.8%	30.3%	185.6%	31.4%	109.1%	-3.9%	0.7%	29.3M	-2.61B	-21.6M	0.59	6.49	546,207	324,592	2,321,300	2,278,311
2024-12-09	$44.38	$45.00	102.9%	29.6%	184.3%	30.2%	107.7%	-5.5%	0.0%	20.3M	-2.31B	-21.3M	0.52	5.95	409,097	211,492	2,106,616	2,087,987
2024-12-10	$40.78	$45.00	100.1%	29.5%	186.2%	28.5%	106.2%	-1.6%	2.9%	10.5M	-1.29B	-20.0M	0.39	6.14	364,890	141,171	2,170,949	2,132,800
2024-12-11	$38.21	$45.00	103.0%	29.8%	186.7%	30.2%	106.9%	-1.5%	1.4%	3.7M	-770.4M	-18.9M	0.55	5.71	418,045	227,847	2,274,576	2,160,176
2024-12-12	$37.92	$45.00	103.4%	30.0%	184.2%	30.5%	107.2%	-2.0%	1.5%	5.9M	-641.6M	-18.8M	0.55	5.95	288,810	159,006	2,316,438	2,199,832
2024-12-13	$36.50	$45.00	103.3%	29.9%	177.4%	30.4%	108.9%	-1.1%	2.0%	8.7M	-253.9M	-18.0M	0.81	6.06	301,451	243,440	2,365,839	2,227,532
2024-12-16	$33.20	$45.00	105.6%	30.4%	183.2%	31.1%	109.8%	-2.9%	-0.0%	-955.4K	283.0M	-16.1M	1.05	4.98	296,893	311,818	2,193,585	2,092,939
2024-12-17	$33.67	$45.00	101.8%	29.3%	178.0%	28.7%	105.9%	-2.3%	-0.3%	255.7K	166.1M	-15.9M	0.49	4.96	167,406	81,974	2,235,127	2,161,379
2024-12-18	$32.19	$45.00	103.2%	29.6%	147.9%	27.8%	110.7%	-4.9%	0.7%	-5.8M	460.0M	-15.3M	0.43	5.15	253,678	109,946	2,257,786	2,168,919
2024-12-19	$31.44	$45.00	99.0%	28.4%	143.8%	25.1%	105.0%	-3.7%	0.2%	-6.7M	585.8M	-14.5M	0.63	4.12	186,817	116,803	2,287,596	2,176,344
2024-12-20	$32.14	$45.00	92.1%	26.3%	136.0%	20.6%	96.5%	-2.4%	0.8%	906.9K	355.8M	-14.5M	0.68	3.78	205,096	138,549	2,303,206	2,141,149
2024-12-23	$32.28	$45.00	90.4%	25.9%	130.6%	19.5%	92.4%	-1.1%	7.5%	1.5M	289.0M	-14.4M	0.54	2.91	124,587	67,623	1,882,182	1,749,611
2024-12-24	$34.22	$43.00	88.9%	25.5%	121.1%	18.6%	93.4%	-3.0%	5.9%	10.5M	-185.4M	-15.7M	0.35	3.63	249,982	86,473	1,931,806	1,755,748
2024-12-26	$34.04	$42.00	89.1%	25.0%	115.1%	18.7%	91.5%	-5.3%	7.0%	13.5M	-151.1M	-15.3M	0.47	2.55	175,452	82,460	1,980,918	1,773,085
2024-12-27	$32.13	$42.00	93.7%	25.7%	116.8%	21.7%	92.6%	-3.1%	7.3%	11.2M	220.8M	-14.6M	0.45	2.81	249,004	112,660	2,007,310	1,801,946
2024-12-30	$30.76	$42.00	95.2%	25.1%	115.4%	22.5%	93.7%	-3.2%	1.6%	1.6M	413.3M	-13.6M	0.88	2.76	145,168	127,601	1,895,350	1,719,002
2024-12-31	$30.42	$40.00	93.8%	24.2%	65.4%	21.6%	89.8%	-4.3%	9.5%	1.6M	415.8M	-13.4M	0.44	3.06	122,439	53,755	1,938,017	1,746,524