SMCI Options
SMCI $32.69 · Updated Oct 26, 4:00 PM ET
SMCI is at $32.69. The nearest expiration, Oct 30, 2026 (4 days out), lists 60 strikes, with 46,407 calls and 14,754 puts traded in the latest session. At-the-money implied volatility is 80.5%. The at-the-money straddle prices a move of about $2.20 (6.7%) by expiration.
SMCI Options Chain
SMCI is at $32.69. The nearest expiration, Oct 30, 2026 (4 days out), lists 60 strikes, with 46,407 calls and 14,754 puts traded in the latest session. At-the-money implied volatility is 80.5%. The at-the-money straddle prices a move of about $2.20 (6.7%) by expiration.
SMCI Gamma Exposure (GEX)
SMCI total dealer gamma exposure is $5M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $30.09, with spot 8.6% above it. The call wall is $35.00 and the put wall $32.00.
SMCI Max Pain
SMCI max pain for Oct 30, 2026 (4 days out) is $34.50, 5.5% above the current $32.69. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $35.00.
SMCI Put/Call Ratio
Across every listed SMCI expiration, the put/call ratio is 0.43 by volume and 0.83 by open interest. More calls than puts are trading. 773,657 puts and 935,986 calls are open in total.
SMCI Implied Volatility
SMCI at-the-money implied volatility is 80.5% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 82.0%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
SMCI Open Interest by Strike
Across all SMCI expirations, the largest call open interest near the current $32.69 sits at the $35.00 strike (77,038 contracts) and the largest put open interest at $30.00 (40,550). 935,986 calls and 773,657 puts are open in total.
SMCI Expected Move
The options market prices SMCI to move about $2.20 (6.7%) by Oct 30, 2026, a range of $30.49 to $34.89. For Nov 27, 2026 (32 days out) the expected move is $6.35 (19.4%).