SMCI Options History — March 2026

In March 2026, SMCI traded between $20.55 and $32.64. ATM implied volatility averaged 75.8%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded below realized volatility by 23.8% (HV 20d: 99.6%). Max pain ranged from $24.00 to $33.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2026-03-20: Highest Volume — 1,239,736 contracts
  • 2026-03-20: Largest IV spike — 62.4% change
  • 2026-03-20: Highest IV Rank — 67.1%
  • 2026-03-20: Largest Expected Move — 29.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.04$20.55$32.64$31.87$22.51
Max Pain$29.80$24.00$33.00$31.00$24.00
ATM IV75.8%64.3%104.4%70.3%78.4%
Expected Move21.6%13.1%29.4%20.9%22.5%
HV 20d99.6%51.7%158.9%95.6%158.9%
HV 60d83.7%68.2%111.0%68.4%111.0%
IV Rank30.8%16.2%67.1%23.9%34.1%
IV Percentile55.2%23.0%97.2%41.3%67.5%
Term Structure1.5%-9.1%8.4%1.4%8.4%
VWIV76.1%65.0%101.4%73.3%75.4%
Skew 25d8.2%5.6%12.6%7.7%11.5%
Skew 10d18.1%2.0%34.8%20.8%34.4%
Call IV 25d73.1%62.1%97.5%69.8%74.7%
Put IV 25d81.2%68.7%104.8%77.5%86.2%
Bid-Ask Spread %11.266.2425.3312.2511.03
Gamma HHI0.070.050.110.060.10
Net GEX16.1M-1.6M30.6M19.2M15.5M
Net DEX64.6M-333.7M744.6M-156.4M267.2M
Net VEX-9.1M-10.6M-5.9M-10.4M-7.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.180.970.440.32
Total Volume259,432.40978,3771,239,736126,803156,732
Total OI2,123,592.4551,935,3682,421,2681,935,3682,282,923

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$31.87$31.0070.3%20.9%95.6%23.9%73.3%7.7%1.4%19.2M-156.4M-10.4M0.4412.2588,03638,7671,109,584825,784
2026-03-03$30.77$30.5071.6%21.1%96.5%25.4%74.4%6.3%1.8%13.8M17.3M-9.9M0.388.5675,27828,8311,140,648848,094
2026-03-04$32.64$30.0070.4%21.0%98.5%24.0%72.1%8.3%0.7%30.6M-333.7M-10.6M0.358.84107,10937,3571,167,419859,554
2026-03-05$32.03$32.0072.2%20.4%85.5%26.2%70.9%7.3%-1.7%28.6M-190.4M-10.4M0.4912.4489,78943,8391,193,390872,282
2026-03-06$31.56$32.0073.5%21.4%75.8%27.9%74.5%5.6%-0.1%9.6M-71.6M-10.2M0.2612.70286,45375,8621,222,506876,945
2026-03-09$31.95$32.0072.0%21.2%58.0%26.0%72.7%9.0%2.0%22.6M-218.7M-10.4M0.3614.6292,78133,0071,164,134833,580
2026-03-10$31.99$32.0071.6%20.6%57.0%25.5%71.5%7.4%0.2%26.0M-236.1M-10.4M0.4111.7958,87323,9151,190,795847,267
2026-03-11$31.73$32.0070.7%20.7%57.0%24.3%65.6%6.2%-0.4%26.7M-161.8M-10.2M0.3910.4172,87328,2611,209,072858,411
2026-03-12$30.88$33.0071.0%22.0%56.3%24.8%72.2%6.9%1.9%15.3M16.7M-9.8M0.187.92165,09730,4241,223,602869,342
2026-03-13$30.68$33.0070.1%13.1%54.8%23.6%70.2%6.1%1.0%12.2M34.0M-9.6M0.367.24176,00862,6731,264,416874,014
2026-03-16$32.00$32.0069.2%19.8%56.5%22.4%69.7%6.3%0.8%27.4M-280.5M-10.0M0.216.24209,34442,9971,179,840827,987
2026-03-17$31.70$32.0064.3%18.4%56.6%16.2%65.2%6.7%1.4%28.7M-190.6M-10.0M0.477.7653,36125,0161,226,466841,224
2026-03-18$30.52$32.0066.0%18.9%58.0%18.4%66.7%7.1%2.3%18.6M33.7M-9.5M0.457.5979,00035,7891,238,868843,708
2026-03-19$30.69$32.0064.3%18.4%51.7%16.2%65.0%6.5%1.0%19.7M-4.6M-9.5M0.238.67186,85842,4841,253,067844,442
2026-03-20$20.55$32.00104.4%29.4%150.5%67.1%101.4%7.3%-9.1%-1.6M744.6M-5.9M0.9710.65628,131611,6051,283,941845,846
2026-03-23$21.80$28.0084.2%23.9%152.9%41.4%86.1%10.3%3.6%3.8M445.9M-7.2M0.8411.62290,368245,3341,118,226915,995
2026-03-24$22.05$26.0082.8%23.8%152.9%39.8%84.6%12.6%4.0%8.7M349.7M-7.6M0.9014.31144,928130,9211,218,0831,025,033
2026-03-25$24.02$25.0083.9%24.2%153.6%41.1%87.4%10.8%0.1%16.1M30.0M-8.6M0.4813.84196,82894,6861,243,3101,065,424
2026-03-26$22.06$25.0084.7%24.4%155.2%42.1%84.8%9.0%1.6%8.4M390.9M-7.7M0.9125.33155,237140,5181,256,2841,093,521
2026-03-27$21.89$25.0084.6%24.0%155.1%42.0%84.8%10.2%6.4%907.2K453.5M-7.5M0.4014.68330,037130,5151,299,8341,121,434
2026-03-30$20.89$25.0087.5%25.5%155.4%45.6%85.2%10.3%5.8%3.2M481.7M-7.2M0.379.21117,80843,7831,211,3651,031,374
2026-03-31$22.51$24.0078.4%22.5%158.9%34.1%75.4%11.5%8.4%15.5M267.2M-7.7M0.3211.03119,06337,6691,245,8391,037,084