Deep-pocketed investors have adopted a bullish approach towards Super Micro Computer SMCI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SMCI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 32 extraordinary options activities for Super Micro Computer. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 37% bearish. Among these notable options, 10 are puts, totaling $686,181, and 22 are calls, amounting to $1,219,433.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $480.0 to $1300.0 for Super Micro Computer over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $480.0 to $1300.0 in the last 30 days.
Super Micro Computer Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | CALL | SWEEP | BULLISH | 06/14/24 | $12.1 | $11.9 | $11.9 | $800.00 | $225.1K | 1.7K | 731 |
| SMCI | PUT | SWEEP | NEUTRAL | 06/21/24 | $402.2 | $393.8 | $402.2 | $1180.00 | $200.9K | 0 | 6 |
| SMCI | CALL | SWEEP | BULLISH | 06/14/24 | $12.3 | $12.1 | $12.24 | $800.00 | $122.4K | 1.7K | 991 |
| SMCI | PUT | TRADE | BEARISH | 06/14/24 | $10.7 | $10.3 | $10.7 | $740.00 | $80.2K | 583 | 371 |
| SMCI | PUT | TRADE | BULLISH | 06/14/24 | $19.2 | $18.5 | $18.7 | $770.00 | $74.8K | 995 | 508 |
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?
- With a trading volume of 310,033, the price of SMCI is down by -1.39%, reaching $775.92.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 56 days from now.
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.
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