A Closer Look at Super Micro Computer's Options Market Dynamics
Benzinga News 03/04/2024 21:46

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 (NASDAQ:SMCI) we detected 25 trades.

If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $331,262 and 17, calls, for a total amount of $1,145,157.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $800.0 and $1500.0 for Super Micro Computer, spanning the last three 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 $800.0 to $1500.0 in the last 30 days.

Super Micro Computer Option Activity Analysis: Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SMCI CALL TRADE BEARISH 04/19/24 $74.6 $69.6 $71.37 $980.00 $342.5K 420 70
SMCI CALL TRADE NEUTRAL 08/16/24 $211.4 $203.0 $207.25 $970.00 $165.8K 33 19
SMCI CALL TRADE NEUTRAL 05/10/24 $115.7 $109.7 $113.1 $995.00 $113.1K 2 10
SMCI CALL TRADE BULLISH 04/19/24 $86.6 $84.5 $85.76 $950.00 $85.7K 358 12
SMCI PUT TRADE NEUTRAL 04/19/24 $529.8 $511.4 $519.53 $1500.00 $51.9K 57 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.

Super Micro Computer's Current Market Status

  • With a trading volume of 274,900, the price of SMCI is down by -3.47%, reaching $974.9.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 27 days from now.

Professional Analyst Ratings for Super Micro Computer

4 market experts have recently issued ratings for this stock, with a consensus target price of $1270.0.

  • 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.
  • Reflecting concerns, an analyst from Argus Research lowers its rating to Buy with a new price target of $1350.
  • Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Super Micro Computer, targeting a price of $1280.
  • In a cautious move, an analyst from JP Morgan downgraded its rating to Overweight, setting a price target of $1150.

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.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

Stay informed with updates through our Telegram and WhatsApp channels

Access the latest financial market news
Get expert insights

Scan QR to join