Financial giants have made a conspicuous bullish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:SMCI) revealed 39 unusual trades.
Delving into the details, we found 51% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $1,075,600, and 31 were calls, valued at $1,868,358.
Predicted Price Range
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 $1840.0 for Super Micro Computer, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Super Micro Computer stands at 709.59, with a total volume reaching 13,627.00. 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 $700.0 to $1840.0, throughout the last 30 days.
Super Micro Computer Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | PUT | TRADE | BEARISH | 01/17/25 | $890.0 | $888.2 | $890.0 | $1840.00 | $445.0K | 50 | 5 |
| SMCI | PUT | SWEEP | BULLISH | 07/19/24 | $210.0 | $208.8 | $208.8 | $1080.00 | $355.1K | 1 | 17 |
| SMCI | CALL | TRADE | BULLISH | 04/26/24 | $23.0 | $21.2 | $22.5 | $1100.00 | $225.0K | 720 | 816 |
| SMCI | CALL | TRADE | BULLISH | 04/19/24 | $32.0 | $30.5 | $32.0 | $990.00 | $160.0K | 684 | 314 |
| SMCI | CALL | SWEEP | BEARISH | 04/19/24 | $32.8 | $32.7 | $32.7 | $1000.00 | $149.9K | 3.4K | 2.1K |
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.
After a thorough review of the options trading surrounding Super Micro Computer, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Super Micro Computer
- Currently trading with a volume of 2,302,898, the SMCI's price is up by 0.83%, now at $984.36.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 13 days.
What Analysts Are Saying About Super Micro Computer
3 market experts have recently issued ratings for this stock, with a consensus target price of $1316.6666666666667.
- In a cautious move, an analyst from JP Morgan downgraded its rating to Overweight, setting a price target of $1150.
- An analyst from Loop Capital has decided to maintain their Buy rating on Super Micro Computer, which currently sits at a price target of $1500.
- 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.
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.