Super Micro Computer Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Super Micro Computer (NASDAQ:SMCI) has seen significant options trading activity, with a bearish sentiment prevailing among investors. The trading volume and open interest suggest a price target range of $120 to $1500. Notable trades include both bullish and bearish positions, with a mix of puts and calls. Super Micro Computer specializes in high-performance server technology and has a current stock price of $967.42, with an RSI indicating it may be approaching oversold. Analysts have set an average target price of $1243.33, with varying ratings from Buy to Overweight.
April 05, 2024 | 5:01 pm
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NEUTRAL IMPACT
Super Micro Computer has seen a mix of bullish and bearish options trading, with a current stock price of $967.42 and analysts setting an average target price of $1243.33.
The bearish sentiment in options trading could indicate investor caution, but the stock's current price and analysts' higher target prices suggest potential growth. The mix of bullish and bearish trades, along with the company's solid market position in server technology, makes the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100