Super Micro Computer Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Super Micro Computer SMCI.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SMCI, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Super Micro Computer.

This isn't normal.

The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $28,809, and 10, calls, for a total amount of $1,928,041..

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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 $100.0 to $140.0 for Super Micro Computer over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 661.75 with a total volume of 2,827.00.

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 $100.0 to $140.0 over the last 30 days.

Super Micro Computer Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Super Micro Computer Standing Right Now?

• With a volume of 452,549, the price of SMCI is up 5.66% at $116.68.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 14 days.

What The Experts Say On Super Micro Computer:

• Wedbush downgraded its action to Underperform with a price target of $65

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.