Market Whales and Their Recent Bets on SMCI Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish stance on Super Micro Computer (NASDAQ:SMCI) options, with a significant portion of activity suggesting a big move is imminent. Benzinga's tracking revealed 13 unusual options activities, with a bearish majority. The price band focus is between $830.0 and $1095.0. SMCI's current market status shows a slight price decline with potential overbought signals. Analysts have mixed reviews, with an average target price of $1204.2. The company specializes in high-performance server technology.
March 28, 2024 | 1:46 pm
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Significant bearish options activity by major investors on SMCI, with a focus on a price band between $830 and $1095. Mixed analyst ratings with an average target price of $1204.2.
The bearish options activity by significant investors suggests a potential downside in the short term, despite mixed analyst ratings. The focus on a specific price band indicates a targeted expectation of price movement, which could lead to increased volatility and a potential decrease in SMCI's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100