What the Options Market Tells Us About Super Micro Computer
Portfolio Pulse from Benzinga Insights
Significant investors have taken a bearish stance on Super Micro Computer (NASDAQ:SMCI) based on recent options trading activity. Benzinga's options scanner detected 16 uncommon trades, with a split sentiment of 18% bullish and 43% bearish. The trading activity suggests a price target range of $400 to $1000. SMCI's current trading volume is 117,254, with the stock down by 1.53% at $799.93.
July 02, 2024 | 1:48 pm
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Significant investors have taken a bearish stance on Super Micro Computer (NASDAQ:SMCI) based on recent options trading activity. The trading activity suggests a price target range of $400 to $1000. SMCI's current trading volume is 117,254, with the stock down by 1.53% at $799.93.
The detection of 16 uncommon options trades with a predominantly bearish sentiment indicates that significant investors expect a decline in SMCI's stock price. The current trading volume and price drop further support this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100