Unpacking the Latest Options Trading Trends in Super Micro Computer
Portfolio Pulse from Benzinga Insights
Super Micro Computer (NASDAQ:SMCI) has seen significant options trading activity, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 11 unusual trades, with a split sentiment of 18% bullish and 81% bearish. The trades include 3 puts and 8 calls, targeting a price range of $500 to $1300. The stock is currently up 4.63% at $938, with a neutral RSI. Analysts have set an average price target of $1190.33, with varying ratings from Buy to Neutral.
March 21, 2024 | 1:47 pm
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Super Micro Computer has seen a bearish sentiment in options trading, despite a recent stock price increase and a neutral RSI. Analysts have mixed ratings, with an average price target of $1190.33.
The bearish sentiment in options trading suggests caution among investors, despite the stock's recent gains and neutral RSI. The mixed analyst ratings and the significant price target indicate potential upside, but the bearish options activity could temper short-term expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100