SMCI Options History — January 2026

In January 2026, SMCI traded between $28.20 and $32.77. ATM implied volatility averaged 78.4%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 25.9% (HV 20d: 52.5%). Max pain ranged from $33.00 to $37.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.40.

Notable Days

  • 2026-01-16: Highest Volume — 633,116 contracts
  • 2026-01-05: Largest IV spike — 7.2% change
  • 2026-01-20: Highest IV Rank — 29.1%
  • 2026-01-30: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.50$28.20$32.77$31.13$29.16
Max Pain$34.75$33.00$37.00$33.00$34.00
ATM IV78.4%66.7%83.4%66.7%83.1%
Expected Move22.3%16.7%24.8%16.7%24.8%
HV 20d52.5%43.9%61.7%45.1%61.7%
HV 60d58.9%56.7%62.5%61.6%58.5%
IV Rank24.5%13.8%29.1%13.8%28.7%
IV Percentile53.7%27.8%65.9%27.8%65.9%
Term Structure-0.3%-5.5%9.2%9.2%-5.5%
VWIV79.6%60.4%89.4%60.4%89.4%
Skew 25d-0.2%-3.9%3.2%0.8%-1.6%
Skew 10d-2.0%-9.4%12.8%3.2%-8.4%
Call IV 25d80.6%64.9%87.3%64.9%87.3%
Put IV 25d80.4%65.7%85.8%65.7%85.8%
Bid-Ask Spread %9.816.8425.3025.3012.98
Gamma HHI0.100.040.300.270.06
Net GEX18.4M-1.9M58.0M35.8M2.3M
Net DEX14.8M-904.1M439.5M76.7M153.2M
Net VEX-10.7M-11.9M-9.8M-10.5M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.180.770.410.35
Total Volume233,139.384,962633,116230,981225,194
Total OI2,350,304.352,005,6602,745,4832,419,5652,150,906

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$31.13$33.0066.7%16.7%45.1%13.8%60.4%0.8%9.2%35.8M76.7M-10.5M0.4125.30163,64267,3391,417,7971,001,768
2026-01-05$30.23$37.0071.5%20.9%45.2%18.2%74.8%3.2%3.9%15.1M252.9M-10.0M0.647.7694,66460,5771,417,017985,921
2026-01-06$30.38$36.0073.7%21.3%44.8%20.2%75.1%-1.1%-0.4%16.6M248.4M-10.1M0.337.32109,41536,4441,461,8001,019,573
2026-01-07$30.02$36.0077.4%21.8%43.9%23.5%78.2%2.0%-0.7%15.4M285.4M-10.1M0.467.9258,25826,7041,494,9441,034,563
2026-01-08$29.79$35.0078.8%21.9%43.9%24.9%77.4%1.8%0.9%12.0M339.3M-10.0M0.187.58179,41232,6811,508,7471,043,426
2026-01-09$30.14$35.0077.4%21.8%44.5%23.6%77.7%-0.6%-2.7%27.3M243.4M-10.2M0.287.64250,76270,5571,556,3631,052,137
2026-01-12$30.13$35.0077.9%21.8%43.9%24.0%78.4%-1.1%-1.4%15.6M244.6M-10.2M0.387.94183,62168,9551,475,4781,034,397
2026-01-13$28.45$35.0076.9%22.5%45.6%23.1%79.1%0.6%1.9%3.3M439.5M-9.8M0.777.38152,922117,6671,508,3571,052,745
2026-01-14$28.20$35.0078.0%21.6%44.5%24.1%77.0%-3.9%-3.6%-1.9M431.7M-9.9M0.219.22194,02141,5131,560,6981,095,102
2026-01-15$29.41$35.0078.6%21.8%47.4%24.7%78.0%-0.9%-2.8%13.7M115.3M-10.6M0.678.92158,006105,0831,588,0201,098,960
2026-01-16$32.77$35.0081.3%22.4%58.7%27.1%80.1%-0.7%-4.0%58.0M-904.1M-11.9M0.376.84461,374171,7421,625,8011,119,682
2026-01-20$31.32$35.0083.4%23.9%61.0%29.1%83.9%0.6%-1.4%20.6M-241.4M-11.3M0.487.26135,28364,7861,121,753883,907
2026-01-21$31.80$35.0081.4%23.3%58.5%27.2%82.0%-1.4%2.3%25.1M-394.4M-11.6M0.328.12164,43752,7971,161,891907,947
2026-01-22$32.53$34.0080.2%22.9%59.0%26.1%81.6%-0.9%0.4%32.1M-512.3M-11.8M0.327.89172,70655,6491,189,356934,604
2026-01-23$31.69$34.0079.0%22.8%59.7%25.1%80.7%-1.0%-0.9%25.6M-285.4M-11.5M0.488.17285,819138,3201,233,612960,460
2026-01-26$30.77$34.0079.8%23.0%60.7%25.8%82.2%1.2%-1.4%13.6M-60.1M-11.1M0.459.8368,38330,9191,156,125872,883
2026-01-27$31.09$34.0080.5%23.3%60.8%26.4%83.0%-0.3%-0.2%15.7M-106.5M-11.2M0.369.4266,82923,7771,182,016884,758
2026-01-28$30.99$34.0079.1%23.6%60.3%25.1%86.1%1.0%1.2%15.5M-115.3M-11.2M0.3317.41116,80838,5131,195,437892,741
2026-01-29$29.98$34.0082.8%24.5%61.4%28.5%87.8%-2.0%-1.6%6.2M85.3M-10.8M0.2611.41171,81145,3961,217,396906,999
2026-01-30$29.16$34.0083.1%24.8%61.7%28.7%89.4%-1.6%-5.5%2.3M153.2M-10.5M0.3512.98166,75658,4381,229,894921,012