Options Trading Analysis: Super Micro Computer (SMCI) Unveils Bearish Sentiment
Our comprehensive analysis of options history for Super Micro Computer (SMCI) has identified a notable pattern of bearish trades, indicating a dominant pessimistic outlook among investors. Out of a total of 26 significant trades, 61% exhibited bearish tendencies, while only 38% signaled bullishness. The imbalance in sentiment is evident in the distribution of trades, with 15 puts (bearish trades) amounting to $759,657 in value, compared to 11 calls (bullish trades) valued at $709,716.
Expected Price Movements Based on Trading Activity
An examination of the trading activity suggests that influential investors anticipate a price range for SMCI between $360.0 and $1000.0 over the past three months. This price target aligns with the pessimistic sentiment observed in the options trades.
Volume and Open Interest Insights
Assessing the volume and open interest of Super Micro Computer’s options provides further insights into market liquidity and investor interest. Data visualization reveals fluctuations in volume and open interest for both calls and puts across various strike prices. This information aids in understanding the dynamics of options trading for SMCI.
Significant Options Trades Detected
Among the noteworthy options trades, we identified several substantial transactions. Significant bearish sentiment was observed in a CALL SWEEP trade with an expiry date of 05/17/24 and a strike price of $650.00, indicating expectations of a price decline. Another notable bearish trade was a PUT TRADE with an expiry date of 05/24/24 and a strike price of $935.00, suggesting anticipation of a further price drop.
About Super Micro Computer
Super Micro Computer Inc. provides high-performance server technology solutions for various markets, including cloud computing, data centers, and embedded systems. The company operates on a modular architectural approach, offering customized solutions.
Current Market Status and Expert Opinions
Currently, SMCI is trading at $723.18 with a volume of 721,675. Analyst recommendations for SMCI include an Outperform rating from Northland Capital Markets with a price target of $1300, an Overweight rating from JP Morgan with a price target of $1150, and a Buy rating from Loop Capital with a price target of $1500.
