Super Micro Computer Unusual Options Activity For February 21
Deep-pocketed investors have shown bearish sentiment towards Super Micro Computer (NASDAQ:SMCI), with a significant increase in options activity. The investors remain unidentified, but this level of activity suggests something big is looming. Among the options, 37% lean bullish and 62% bearish. Notable options include puts totaling $1,879,853 and calls totaling $5,227,875. The major market movers are focusing on a price band between $310.0 and $1560.0. Super Micro Computer provides high-performance server technology services and operates in the United States, Europe, Asia, and other regions. The stock is currently down -4.77% at $750.0, with an average target price of $838.2.
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 81 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 37% leaning bullish and 62% bearish. Among these notable options, 32 are puts, totaling $1,879,853, and 49 are calls, amounting to $5,227,875.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $310.0 and $1560.0 for Super Micro Computer, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Super Micro Computer's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Super Micro Computer's significant trades, within a strike price range of $310.0 to $1560.0, over the past month.
Super Micro Computer 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SMCI | CALL | SWEEP | BULLISH | 03/01/24 | $750.00 | $800.0K | 395 | 159 |
| SMCI | CALL | SWEEP | NEUTRAL | 03/15/24 | $1000.00 | $300.1K | 1.8K | 2.0K |
| SMCI | CALL | SWEEP | NEUTRAL | 03/08/24 | $1000.00 | $235.1K | 2.6K | 1.9K |
| SMCI | CALL | TRADE | BEARISH | 01/17/25 | $750.00 | $217.5K | 75 | 13 |
| SMCI | PUT | SWEEP | BULLISH | 03/15/24 | $750.00 | $145.2K | 714 | 98 |
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
- With a volume of 3,327,505, the price of SMCI is down -4.77% at $750.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 69 days.
Expert Opinions on Super Micro Computer
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $838.2.
- An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $960.
- An analyst from Wedbush persists with their Neutral rating on Super Micro Computer, maintaining a target price of $530.
- An analyst from B of A Securities downgraded its action to Buy with a price target of $1040.
- An analyst from Rosenblatt persists with their Buy rating on Super Micro Computer, maintaining a target price of $700.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Super Micro Computer with a target price of $961.
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