Financial giants have made a conspicuous bearish move on Super Micro Computer. Our analysis of options history for Super Micro Computer SMCI revealed 27 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 18 were puts, with a value of $1,216,998, and 9 were calls, valued at $707,650.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $665.0 and $1100.0 for Super Micro Computer, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 641.64 with a total volume of 9,017.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Super Micro Computer's big money trades within a strike price range of $665.0 to $1100.0 over the last 30 days.
Super Micro Computer Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SMCI | PUT | SWEEP | BULLISH | 03/01/24 | $830.00 | $300.0K | 415 | 192 |
| SMCI | CALL | SWEEP | BEARISH | 04/19/24 | $1000.00 | $247.5K | 611 | 118 |
| SMCI | CALL | SWEEP | BULLISH | 03/01/24 | $665.00 | $152.9K | 20 | 0 |
| SMCI | PUT | SWEEP | BEARISH | 04/19/24 | $870.00 | $137.1K | 166 | 12 |
| SMCI | PUT | SWEEP | BULLISH | 03/08/24 | $775.00 | $103.3K | 47 | 24 |
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.
Super Micro Computer's Current Market Status
- Trading volume stands at 999,544, with SMCI's price down by -3.69%, positioned at $819.73.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 62 days.
Expert Opinions on Super Micro Computer
5 market experts have recently issued ratings for this stock, with a consensus target price of $681.0.
- An analyst from B of A Securities downgraded its action to Buy with a price target of $1040.
- An analyst from Susquehanna persists with their Negative rating on Super Micro Computer, maintaining a target price of $250.
- Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Super Micro Computer, targeting a price of $530.
- Consistent in their evaluation, an analyst from Northland Capital Markets keeps a Outperform rating on Super Micro Computer with a target price of $625.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Equal-Weight with a new price target of $960.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Super Micro Computer options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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