Super Micro Computer Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Super Micro Computer (NASDAQ:SMCI) has seen a notable bearish sentiment in its options trading, with 61% of trades being bearish. The trading activity suggests investors are targeting a price range of $360 to $1000 for SMCI over the next three months. The analysis of 26 unusual trades revealed a higher volume of puts over calls, indicating a bearish outlook. Despite this, SMCI's stock price is currently up by 1.34% at $723.18, with analysts setting an average price target of $1316.67. Opinions from analysts vary, with price targets ranging from $1150 to $1500.
April 22, 2024 | 1:46 pm
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Super Micro Computer shows a bearish options trading sentiment but remains strong in stock performance with a recent 1.34% increase to $723.18. Analysts have a positive outlook with an average price target of $1316.67.
Despite the bearish sentiment in options trading, the stock's recent performance and the optimistic price targets set by analysts suggest a positive short-term impact. The significant discrepancy between the current trading price and the analysts' targets indicates potential growth, although the bearish options sentiment could introduce volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100