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 95 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 37 are puts, for a total amount of $3,185,045 and 58, calls, for a total amount of $4,355,525.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $1500.0 for Super Micro Computer during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 420.23 with a total volume of 35,465.00.
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 $120.0 to $1500.0 over the last 30 days.
Super Micro Computer Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | PUT | TRADE | BULLISH | 08/16/24 | $153.3 | $149.9 | $149.9 | $910.00 | $299.8K | 26 | 20 |
| SMCI | CALL | SWEEP | BULLISH | 04/05/24 | $56.0 | $52.0 | $56.0 | $900.00 | $280.0K | 153 | 78 |
| SMCI | CALL | TRADE | BEARISH | 08/16/24 | $303.3 | $296.7 | $296.7 | $750.00 | $267.0K | 61 | 19 |
| SMCI | CALL | TRADE | BULLISH | 04/19/24 | $28.5 | $26.3 | $27.61 | $1070.00 | $212.5K | 324 | 96 |
| SMCI | PUT | TRADE | BEARISH | 05/03/24 | $76.4 | $73.8 | $76.4 | $910.00 | $198.6K | 3 | 83 |
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
Current Position of Super Micro Computer
- Trading volume stands at 3,333,152, with SMCI's price up by 0.98%, positioned at $967.42.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 25 days.
What The Experts Say On Super Micro Computer
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $1243.3333333333333.
- An analyst from B of A Securities persists with their Buy rating on Super Micro Computer, maintaining a target price of $1280.
- An analyst from JP Morgan downgraded its action to Overweight with a price target of $1150.
- An analyst from Northland Capital Markets has decided to maintain their Outperform rating on Super Micro Computer, which currently sits at a price target of $1300.
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.
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