Check Out What Whales Are Doing With SMCI

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 10 uncommon options trades for Super Micro Computer.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $234,935, and 5 are calls, for a total amount of $1,033,706.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $530.0 for Super Micro Computer, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Super Micro Computer's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Super Micro Computer's significant trades, within a strike price range of $300.0 to $530.0, over the past month.

Super Micro Computer 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Present Market Standing of Super Micro Computer

• Currently trading with a volume of 228,147, the SMCI's price is down by -2.08%, now at $465.7.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 3 days.

Professional Analyst Ratings for Super Micro Computer

In the last month, 2 experts released ratings on this stock with an average target price of $323.0.

• An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $250.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Super Micro Computer, targeting a price of $396.

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.