SMCI Options History — April 2026

In April 2026, SMCI traded between $22.19 and $28.80. ATM implied volatility averaged 85.3%, placing in the 51.4% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded below realized volatility by 62.6% (HV 20d: 147.8%). Max pain ranged from $24.00 to $32.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 5 of 14 days. Put/call ratio averaged 0.48.

Notable Days

2026-04-10: Highest Volume — 526,976 contracts
2026-04-06: Largest IV spike — 8.4% change
2026-04-20: Highest IV Rank — 63.9%
2026-04-08: Largest Expected Move — 26.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.47	$22.19	$28.80	$22.52	$28.50
Max Pain	$29.86	$24.00	$32.00	$24.00	$30.00
ATM IV	85.3%	78.2%	92.0%	78.2%	85.2%
Expected Move	24.4%	22.4%	26.4%	22.4%	24.4%
HV 20d	147.8%	69.5%	164.4%	156.6%	69.5%
HV 60d	111.4%	110.5%	113.0%	110.9%	110.5%
IV Rank	51.4%	33.9%	63.9%	33.9%	63.6%
IV Percentile	83.8%	66.3%	92.1%	66.3%	87.7%
Term Structure	0.1%	-4.4%	8.3%	8.3%	-1.8%
VWIV	87.3%	76.1%	103.3%	76.1%	89.2%
Skew 25d	8.6%	2.9%	13.8%	11.6%	7.4%
Skew 10d	20.8%	1.9%	71.5%	23.4%	1.9%
Call IV 25d	81.5%	73.0%	85.3%	74.1%	81.8%
Put IV 25d	90.1%	85.1%	98.8%	85.7%	89.2%
Bid-Ask Spread %	14.79	10.20	17.56	15.20	12.88
Gamma HHI	0.09	0.06	0.21	0.11	0.07
Net GEX	19.3M	7.9M	29.2M	20.2M	21.6M
Net DEX	-175.0M	-759.1M	305.5M	225.4M	-399.4M
Net VEX	-8.8M	-9.9M	-7.6M	-7.7M	-9.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.21	0.84	0.60	0.47
Total Volume	201,333.786	79,272	526,976	151,956	150,966
Total OI	2,388,321.214	2,244,601	2,594,412	2,331,873	2,281,840

Daily Data (14 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
2026-04-01	$22.52	$24.00	78.2%	22.4%	156.6%	33.9%	76.1%	11.6%	8.3%	20.2M	225.4M	-7.7M	0.60	15.20	95,081	56,875	1,286,781	1,045,092
2026-04-02	$23.13	$32.00	81.2%	23.3%	157.4%	37.6%	85.7%	13.8%	8.1%	14.8M	59.3M	-7.9M	0.30	17.28	305,584	90,448	1,311,833	1,049,953
2026-04-06	$22.19	$32.00	88.0%	25.2%	157.7%	46.3%	88.6%	12.4%	0.9%	7.9M	305.5M	-7.6M	0.83	17.56	86,654	72,291	1,219,342	1,044,143
2026-04-07	$22.61	$30.00	88.2%	25.3%	157.8%	46.5%	103.3%	13.5%	2.1%	10.7M	274.1M	-7.9M	0.84	17.02	52,327	44,213	1,252,848	1,094,181
2026-04-08	$23.43	$30.00	92.0%	26.4%	158.9%	51.4%	89.2%	12.6%	-4.4%	18.6M	153.1M	-8.2M	0.56	16.86	81,437	45,687	1,268,638	1,117,009
2026-04-09	$23.19	$30.00	89.9%	25.8%	158.8%	48.7%	84.3%	8.6%	-3.6%	19.6M	188.2M	-8.1M	0.42	15.66	55,809	23,463	1,290,823	1,133,502
2026-04-10	$25.27	$30.00	85.1%	24.4%	162.8%	42.6%	85.4%	9.4%	-1.5%	7.9M	-300.1M	-8.6M	0.21	10.20	436,528	90,448	1,297,086	1,140,566
2026-04-13	$25.74	$30.00	83.1%	23.8%	163.1%	52.3%	84.2%	7.9%	0.0%	21.2M	-140.1M	-8.8M	0.45	10.83	102,106	45,901	1,257,127	1,123,475
2026-04-14	$27.27	$30.00	84.6%	24.3%	163.8%	54.8%	89.6%	6.9%	-2.1%	25.7M	-481.9M	-9.6M	0.61	14.38	156,429	95,241	1,284,344	1,139,729
2026-04-15	$27.19	$30.00	84.8%	24.3%	163.8%	58.1%	88.7%	6.1%	-0.6%	27.6M	-442.9M	-9.5M	0.34	17.14	104,684	35,619	1,302,550	1,166,041
2026-04-16	$28.42	$30.00	85.1%	24.4%	164.4%	62.6%	86.8%	4.4%	0.7%	24.4M	-723.4M	-9.9M	0.21	17.12	241,840	50,597	1,313,670	1,176,911
2026-04-17	$28.36	$30.00	82.4%	23.6%	164.4%	57.6%	84.1%	3.2%	-0.9%	29.2M	-759.1M	-9.9M	0.36	13.35	142,081	51,282	1,398,756	1,195,656
2026-04-20	$28.80	$30.00	85.8%	24.6%	70.7%	63.9%	87.5%	2.9%	-3.4%	20.8M	-408.4M	-9.8M	0.53	11.54	68,658	36,424	1,174,211	1,070,390
2026-04-21	$28.50	$30.00	85.2%	24.4%	69.5%	63.6%	89.2%	7.4%	-1.8%	21.6M	-399.4M	-9.8M	0.47	12.88	102,655	48,311	1,198,138	1,083,702