Super Micro Computer Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Super Micro Computer (NASDAQ:SMCI) has seen unusual options activity, indicating deep-pocketed investors' bullish stance, with a significant portion aiming for a price range of $700 to $1680. The activity includes 31 extraordinary options, with 51% bullish and 48% bearish sentiment. The largest trades are predominantly calls, suggesting optimism about SMCI's future price movement. Currently, SMCI's stock is up 4.36% at $1210.36, with neutral RSI readings and an anticipated earnings release in 53 days. Analysts have mixed ratings, with target prices ranging from $941 to $1350.
March 08, 2024 | 2:46 pm
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Super Micro Computer has seen significant bullish options activity, with a current stock price up 4.36% at $1210.36. Analysts provide mixed ratings, suggesting varied expectations for its future performance.
The unusual options activity, particularly the bullish sentiment and the high volume of calls, suggests investor optimism about SMCI's future price movement. This, combined with the current positive stock price trend and the mixed but generally positive analyst ratings, indicates a likely short-term positive impact on SMCI's stock price. However, the wide range of analyst target prices and the upcoming earnings release introduce some uncertainty, moderating the confidence level.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100