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This Is What Whales Are Betting On Super Micro Computer

Author: Benzinga Insights | July 12, 2024 11:01am

Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:SMCI) revealed 67 unusual trades.

Delving into the details, we found 38% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $846,305, and 51 were calls, valued at $4,175,905.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $500.0 to $1250.0 for Super Micro Computer over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Super Micro Computer stands at 660.59, with a total volume reaching 38,027.00. 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 $500.0 to $1250.0, throughout the last 30 days.

Super Micro Computer Option Volume And Open Interest Over Last 30 Days

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 BULLISH 07/12/24 $27.0 $26.9 $27.0 $900.00 $523.8K 2.9K 3.5K
SMCI CALL TRADE NEUTRAL 07/12/24 $12.5 $11.6 $12.05 $920.00 $402.4K 2.4K 3.3K
SMCI CALL SWEEP BULLISH 07/12/24 $19.0 $17.8 $19.0 $900.00 $376.2K 2.9K 2.6K
SMCI CALL SWEEP BULLISH 07/19/24 $54.8 $54.3 $54.3 $900.00 $157.4K 2.2K 1.2K
SMCI CALL TRADE NEUTRAL 07/19/24 $43.2 $42.2 $42.75 $920.00 $128.2K 924 526

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

Present Market Standing of Super Micro Computer

  • Trading volume stands at 2,205,736, with SMCI's price up by 3.47%, positioned at $920.07.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 25 days.

Expert Opinions on Super Micro Computer

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $930.0.

  • In a cautious move, an analyst from Nomura downgraded its rating to Neutral, setting a price target of $930.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Super Micro Computer options trades with real-time alerts from Benzinga Pro.

Posted In: SMCI

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