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Super Micro Computer Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | June 28, 2024 09:46am

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 (NASDAQ:SMCI) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 20% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $278,398 and 5, calls, for a total amount of $220,840.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $835.0 to $1130.0 for Super Micro Computer over the last 3 months.

Volume & Open Interest Trends

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 $835.0 to $1130.0 in the last 30 days.

Super Micro Computer 30-Day Option Volume & Interest Snapshot

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 PUT SWEEP BEARISH 12/20/24 $170.0 $161.8 $170.0 $900.00 $153.0K 6 0
SMCI CALL TRADE BULLISH 09/20/24 $146.5 $144.8 $146.5 $860.00 $87.9K 177 0
SMCI CALL TRADE BULLISH 06/28/24 $57.5 $55.0 $64.0 $835.00 $51.2K 238 0
SMCI PUT TRADE NEUTRAL 07/12/24 $49.0 $47.0 $48.0 $880.00 $38.4K 30 15
SMCI PUT TRADE NEUTRAL 07/19/24 $41.8 $40.2 $40.91 $850.00 $32.7K 278 0

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.

Where Is Super Micro Computer Standing Right Now?

  • With a volume of 230,426, the price of SMCI is up 0.24% at $892.52.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 39 days.

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