Super Micro Sees Big Money Betting Big on its Stock Options, Benzinga Reports
Investors with a lot of money to spend have taken a bearish stance on $Super Micro Computer(SMCI.US$ , Benzinga reported, citing its review of 60 uncommon trades of options tied to the stock of the provider of high-performance server and storage solutions.
The report stated that 38% of the traders were bearish, while 33% were bullish. Twenty three of the trades were puts, for a total amount of $1,120,802, and 37 were calls, for a total amount of $2,168,152.
The trading activity signals that some investors were aiming for a price territory stretching from $480 to $1500 for Super Micro Computer over the recent three months, the report stated. The AI-favorite stock traded at $771.65, up 2.3% just before noon in New York. Read the full story here: Options Corner: Super Micro Computer Sees Smart Money Is Betting Big
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Posts and columns do not represent the views of MM. They’re not investment advice.
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