Unpacking the Latest Options Trading Trends in Super Micro Computer

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 11 uncommon options trades for Super Micro Computer.

This isn't normal.

The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $204,970, and 8 are calls, for a total amount of $433,056.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $1300.0 for Super Micro Computer over the last 3 months.

Volume & Open Interest Development

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 $500.0 to $1300.0 over the preceding 30 days.

Super Micro Computer Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Having examined the options trading patterns of Super Micro Computer, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Super Micro Computer Standing Right Now?

• With a trading volume of 423,593, the price of SMCI is up by 4.63%, reaching $938.0.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 40 days from now.

What The Experts Say On Super Micro Computer

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1190.3333333333333.

• Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Super Micro Computer, targeting a price of $1280.
• Reflecting concerns, an analyst from Argus Research lowers its rating to Buy with a new price target of $1350.
• Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $941.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Super Micro Computer, Benzinga Pro gives you real-time options trades alerts.