Investors with a lot of money to spend have taken a bearish stance on Super Micro Computer SMCI.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SMCI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 40 uncommon options trades for Super Micro Computer.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 65%, bearish.
Out of all of the special options we uncovered, 17 are puts, for a total amount of $1,177,464, and 23 are calls, for a total amount of $1,157,203.
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Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $280.0 to $830.0 for Super Micro Computer over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Super Micro Computer's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Super Micro Computer's significant trades, within a strike price range of $280.0 to $830.0, over the past month.
Super Micro Computer Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
SMCI | PUT | SWEEP | NEUTRAL | 04/19/24 | $540.00 | $458.2K | 534 | 71 |
SMCI | CALL | SWEEP | BULLISH | 02/09/24 | $600.00 | $110.3K | 1.0K | 1.3K |
SMCI | PUT | TRADE | BEARISH | 02/02/24 | $530.00 | $104.0K | 169 | 339 |
SMCI | CALL | SWEEP | BULLISH | 02/09/24 | $600.00 | $92.8K | 1.0K | 1.6K |
SMCI | CALL | TRADE | BEARISH | 02/02/24 | $480.00 | $77.4K | 846 | 118 |
About Super Micro Computer
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
After a thorough review of the options trading surrounding Super Micro Computer, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Super Micro Computer
- Trading volume stands at 4,523,765, with SMCI's price down by -1.92%, positioned at $503.14.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 90 days.
What Analysts Are Saying About Super Micro Computer
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $500.2.
- Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Super Micro Computer, targeting a price of $700.
- An analyst from Northland Capital Markets persists with their Outperform rating on Super Micro Computer, maintaining a target price of $625.
- Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Super Micro Computer with a target price of $530.
- In a cautious move, an analyst from Wedbush downgraded its rating to Neutral, setting a price target of $250.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Super Micro Computer with a target price of $396.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Super Micro Computer with Benzinga Pro for real-time alerts.
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