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Spotlight on Super Micro Computer: Analyzing the Surge in Options Activity

Author: Benzinga Insights | June 18, 2024 11:46am

Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:SMCI) revealed 183 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 31 were puts, with a value of $1,765,633, and 152 were calls, valued at $10,768,532.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $700.0 and $1400.0 for Super Micro Computer, spanning the last three months.

Analyzing 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 $700.0 to $1400.0 in the last 30 days.

Super Micro Computer Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SMCI CALL SWEEP BEARISH 07/26/24 $71.7 $69.9 $70.0 $995.00 $244.9K 25 2
SMCI CALL TRADE BULLISH 06/28/24 $64.0 $62.2 $63.55 $900.00 $235.1K 809 684
SMCI CALL SWEEP BULLISH 06/21/24 $67.2 $65.7 $67.2 $850.00 $107.5K 1.4K 330
SMCI CALL TRADE NEUTRAL 06/21/24 $33.7 $32.0 $33.0 $900.00 $99.0K 3.5K 5.2K
SMCI CALL SWEEP BULLISH 07/19/24 $65.0 $64.3 $65.0 $990.00 $97.4K 300 19

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

  • With a trading volume of 4,979,959, the price of SMCI is up by 2.7%, reaching $911.37.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 49 days from now.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Super Micro Computer, Benzinga Pro gives you real-time options trades alerts.

Posted In: SMCI