What the Options Market Tells Us About Super Micro Computer

Whales with a lot of money to spend have taken a noticeably bullish stance on Super Micro Computer.

Looking at options history for Super Micro Computer SMCI we detected 22 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $254,221 and 19, calls, for a total amount of $933,329.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $28.0 to $65.0 for Super Micro Computer over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Super Micro Computer options trades today is 7743.82 with a total volume of 62,139.00.

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 $28.0 to $65.0 over the last 30 days.

Super Micro Computer 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Super Micro Computer

Super Micro Computer Inc provides high-performance server technology services to cloud computing, data centers, Big Data, high-performance computing, and the "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.

After a thorough review of the options trading surrounding Super Micro Computer, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Super Micro Computer

• With a trading volume of 31,426,798, the price of SMCI is up by 0.75%, reaching $43.23.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 55 days from now.

Expert Opinions on Super Micro Computer

2 market experts have recently issued ratings for this stock, with a consensus target price of $40.5.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Raymond James has revised its rating downward to Outperform, adjusting the price target to $41. * Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Super Micro Computer, targeting a price of $40.

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.