What the Options Market Tells Us About 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 16 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 43%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $178,310, and 13 are calls, for a total amount of $680,009.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $1000.0 for Super Micro Computer over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Super Micro Computer's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Super Micro Computer's whale activity within a strike price range from $400.0 to $1000.0 in the last 30 days.

Super Micro Computer 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SMCI CALL TRADE BULLISH 07/05/24 $23.5 $22.2 $23.0 $810.00 $115.0K 361 226
SMCI PUT SWEEP BULLISH 08/16/24 $93.6 $92.5 $92.5 $820.00 $101.8K 443 4
SMCI CALL SWEEP BEARISH 07/05/24 $26.9 $25.2 $25.97 $800.00 $77.9K 1.3K 129
SMCI CALL SWEEP BEARISH 07/05/24 $25.0 $24.4 $24.4 $810.00 $75.5K 361 348
SMCI CALL SWEEP BEARISH 07/05/24 $25.3 $23.3 $24.1 $800.00 $72.3K 1.3K 129

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?

  • Trading volume stands at 117,254, with SMCI's price down by -1.53%, positioned at $799.93.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 35 days.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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