Market Whales and Their Recent Bets on SMCI Options

Super Micro Computer, Inc. -1.83%

Super Micro Computer, Inc.

SMCI

887.89

-1.83%

Deep-pocketed investors have adopted a bearish approach towards Super Micro Computer (NASDAQ:SMCI), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SMCI usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Super Micro Computer. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 23% leaning bullish and 76% bearish. Among these notable options, 5 are puts, totaling $319,814, and 8 are calls, amounting to $331,124.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $830.0 and $1095.0 for Super Micro Computer, spanning the last three months.

Insights into Volume & Open Interest

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 $830.0 to $1095.0 in the last 30 days.

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

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SMCI PUT TRADE BULLISH 04/19/24 $1010.00 $114.8K 173 1
SMCI CALL TRADE BEARISH 04/05/24 $1025.00 $70.0K 272 29
SMCI PUT TRADE NEUTRAL 05/17/24 $990.00 $61.8K 54 0
SMCI CALL TRADE NEUTRAL 04/05/24 $1010.00 $53.3K 315 65
SMCI CALL TRADE NEUTRAL 05/17/24 $1040.00 $52.4K 159 4

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.

Super Micro Computer's Current Market Status

  • With a trading volume of 118,146, the price of SMCI is down by -1.28%, reaching $1010.18.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 33 days from now.

What Analysts Are Saying About Super Micro Computer

In the last month, 5 experts released ratings on this stock with an average target price of $1204.2.

  • An analyst from Argus Research downgraded its action to Buy with a price target of $1350.
  • An analyst from JP Morgan has revised its rating downward to Overweight, adjusting the price target to $1150.
  • Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Super Micro Computer with a target price of $1280.
  • An analyst from Goldman Sachs has revised its rating downward to Neutral, adjusting the price target to $941.
  • 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.

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.

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