Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer SMCI revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $329,452, and 10 were calls, valued at $412,292.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $720.0 to $1500.0 for Super Micro Computer over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 700.64 with a total volume of 993.00.
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 $720.0 to $1500.0 over the last 30 days.
Super Micro Computer Option Volume And Open Interest Over 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 | PUT | TRADE | BEARISH | 07/19/24 | $96.5 | $94.0 | $96.5 | $820.00 | $144.7K | 59 | 15 |
| SMCI | CALL | SWEEP | BEARISH | 05/17/24 | $30.5 | $29.0 | $29.0 | $850.00 | $116.0K | 1.8K | 61 |
| SMCI | PUT | TRADE | NEUTRAL | 05/17/24 | $685.7 | $672.2 | $677.82 | $1500.00 | $67.7K | 2 | 2 |
| SMCI | PUT | TRADE | BULLISH | 01/17/25 | $290.2 | $287.0 | $287.0 | $1000.00 | $57.4K | 79 | 0 |
| SMCI | CALL | TRADE | BULLISH | 05/10/24 | $11.8 | $11.0 | $11.48 | $850.00 | $47.0K | 2.4K | 106 |
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
- With a volume of 264,947, the price of SMCI is down -2.18% at $812.25.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 91 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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