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 15 uncommon options trades for Super Micro Computer.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 73%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $111,390, and 13 are calls, for a total amount of $411,014.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $327.5 and $500.0 for Super Micro Computer, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Super Micro Computer stands at 871.0, with a total volume reaching 932.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Super Micro Computer, situated within the strike price corridor from $327.5 to $500.0, throughout the last 30 days.
Super Micro Computer Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SMCI | PUT | TRADE | BULLISH | 01/17/25 | $430.00 | $86.0K | 5 | 0 |
| SMCI | CALL | TRADE | NEUTRAL | 01/26/24 | $327.50 | $42.1K | 49 | 3 |
| SMCI | CALL | TRADE | NEUTRAL | 01/26/24 | $430.00 | $40.6K | 773 | 65 |
| SMCI | CALL | SWEEP | BEARISH | 01/26/24 | $500.00 | $39.4K | 7.5K | 12 |
| SMCI | CALL | TRADE | BULLISH | 01/26/24 | $355.00 | $34.3K | 326 | 3 |
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.
Current Position of Super Micro Computer
- With a volume of 526,079, the price of SMCI is up 3.04% at $471.29.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 5 days.
What Analysts Are Saying About Super Micro Computer
2 market experts have recently issued ratings for this stock, with a consensus target price of $323.0.
- An analyst from Wedbush downgraded its action to Neutral with a price target of $250.
- An analyst from Barclays has decided to maintain their Overweight rating on Super Micro Computer, which currently sits at a price target 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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