Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Super Micro Computer Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | April 22, 2024 09:46am

Financial giants have made a conspicuous bearish move on Super Micro Computer. Our analysis of options history for Super Micro Computer (NASDAQ:SMCI) revealed 26 unusual trades.

Delving into the details, we found 38% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $759,657, and 11 were calls, valued at $709,716.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $360.0 to $1000.0 for Super Micro Computer over the recent three months.

Insights into Volume & Open Interest

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 $360.0 to $1000.0 over the preceding 30 days.

Super Micro Computer 30-Day Option Volume & Interest Snapshot

Options Call Chart

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 SWEEP BEARISH 05/17/24 $127.4 $118.5 $118.5 $650.00 $225.1K 75 0
SMCI PUT TRADE BEARISH 05/24/24 $247.5 $246.3 $247.5 $935.00 $198.0K 22 2
SMCI CALL SWEEP NEUTRAL 05/03/24 $50.9 $49.6 $50.32 $750.00 $125.5K 226 62
SMCI PUT TRADE BEARISH 04/26/24 $35.0 $33.8 $34.56 $710.00 $103.6K 274 168
SMCI CALL SWEEP BULLISH 04/26/24 $55.1 $53.1 $55.1 $700.00 $66.1K 122 226

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

  • Currently trading with a volume of 721,675, the SMCI's price is up by 1.34%, now at $723.18.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 8 days.

Expert Opinions on Super Micro Computer

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1316.6666666666667.

  • 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 JP Morgan lowers its rating to Overweight with a new price target of $1150.
  • An analyst from Loop Capital persists with their Buy rating on Super Micro Computer, maintaining a target price of $1500.

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.

Posted In: SMCI

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist