Whales with a lot of money to spend have taken a noticeably bearish stance on Super Micro Computer.
Looking at options history for Super Micro Computer SMCI we detected 40 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 22 are puts, for a total amount of $1,190,580 and 18, calls, for a total amount of $1,590,534.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $800.0 to $1820.0 for Super Micro Computer over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 553.71 with a total volume of 3,230.00.
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 $800.0 to $1820.0 over the last 30 days.
Super Micro Computer Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | CALL | TRADE | BULLISH | 01/17/25 | $65.1 | $61.1 | $64.9 | $1820.00 | $649.0K | 5 | 0 |
| SMCI | PUT | TRADE | BEARISH | 04/12/24 | $62.3 | $58.6 | $62.0 | $960.00 | $241.8K | 913 | 44 |
| SMCI | CALL | TRADE | BULLISH | 01/17/25 | $215.2 | $210.5 | $215.2 | $1000.00 | $107.6K | 396 | 11 |
| SMCI | CALL | TRADE | NEUTRAL | 01/17/25 | $219.7 | $210.6 | $215.15 | $1000.00 | $107.5K | 396 | 11 |
| SMCI | CALL | SWEEP | BULLISH | 04/19/24 | $8.9 | $8.5 | $8.6 | $1100.00 | $106.6K | 1.5K | 61 |
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.
In light of the recent options history for Super Micro Computer, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Super Micro Computer
- Currently trading with a volume of 659,511, the SMCI's price is down by -0.27%, now at $926.0.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 21 days.
What Analysts Are Saying About 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 $1243.3333333333333.
- 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.
- Consistent in their evaluation, an analyst from Northland Capital Markets keeps a Outperform rating on Super Micro Computer with a target price of $1300.
- In a cautious move, an analyst from JP Morgan downgraded its rating to Overweight, setting a price target of $1150.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
