Investors with a lot of money to spend have taken a bullish stance on Super Micro Computer (NASDAQ:SMCI).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SMCI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Super Micro Computer.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 31%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $111,500, and 15 are calls, for a total amount of $812,002.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $700.0 to $1400.0 for Super Micro Computer over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Super Micro Computer's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Super Micro Computer's substantial trades, within a strike price spectrum from $700.0 to $1400.0 over the preceding 30 days.
Super Micro Computer Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | CALL | TRADE | BULLISH | 09/20/24 | $148.0 | $130.3 | $145.5 | $840.00 | $145.5K | 105 | 0 |
| SMCI | CALL | SWEEP | BULLISH | 06/21/24 | $5.0 | $4.9 | $5.0 | $1000.00 | $84.2K | 4.3K | 137 |
| SMCI | CALL | TRADE | BULLISH | 06/21/24 | $8.0 | $7.9 | $8.0 | $950.00 | $80.0K | 2.2K | 2 |
| SMCI | CALL | SWEEP | BULLISH | 06/21/24 | $32.0 | $31.9 | $32.0 | $860.00 | $76.8K | 706 | 163 |
| SMCI | CALL | TRADE | BULLISH | 06/21/24 | $30.2 | $29.0 | $29.85 | $860.00 | $59.7K | 706 | 23 |
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.
Following our analysis of the options activities associated with Super Micro Computer, we pivot to a closer look at the company's own performance.
Present Market Standing of Super Micro Computer
- Currently trading with a volume of 199,308, the SMCI's price is up by 2.4%, now at $864.77.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 50 days.
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.