Deep-pocketed investors have adopted a bearish approach towards Super Micro Computer SMCI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SMCI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for Super Micro Computer. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 9 are puts, totaling $513,916, and 18 are calls, amounting to $1,275,712.
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 $1000.0 for Super Micro Computer over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Super Micro Computer's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Super Micro Computer's substantial trades, within a strike price spectrum from $280.0 to $1000.0 over the preceding 30 days.
Super Micro Computer 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SMCI | CALL | SWEEP | BEARISH | 05/17/24 | $1000.00 | $340.0K | 128 | 201 |
| SMCI | CALL | SWEEP | BULLISH | 02/09/24 | $650.00 | $216.0K | 1.5K | 76 |
| SMCI | PUT | TRADE | NEUTRAL | 01/17/25 | $550.00 | $190.2K | 158 | 20 |
| SMCI | PUT | TRADE | BEARISH | 01/17/25 | $720.00 | $114.6K | 58 | 6 |
| SMCI | CALL | TRADE | BULLISH | 01/17/25 | $280.00 | $87.7K | 40 | 2 |
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.
Following our analysis of the options activities associated with Super Micro Computer, we pivot to a closer look at the company's own performance.
Super Micro Computer's Current Market Status
- Currently trading with a volume of 2,089,989, the SMCI's price is down by -1.99%, now at $670.0.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 82 days.
What Analysts Are Saying About Super Micro Computer
5 market experts have recently issued ratings for this stock, with a consensus 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 Barclays persists with their Overweight rating on Super Micro Computer, maintaining a target price of $396.
- Maintaining their stance, an analyst from Northland Capital Markets continues to hold a Outperform rating for Super Micro Computer, targeting a price of $625.
- An analyst from Wedbush persists with their Neutral rating on Super Micro Computer, maintaining a target price of $530.
- An analyst from Susquehanna persists with their Negative rating on Super Micro Computer, maintaining a target price of $250.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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