Super Micro Computer Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Super Micro Computer (NASDAQ:SMCI), with a significant number of bullish positions taken by unknown investors. This suggests potential positive developments for the company. The options activity includes 33 call options and 9 put options, with a price target range of $19.0 to $122.0. The stock is currently trading at $48.18, up by 1.95%, and is nearing overbought territory according to RSI indicators. Analysts have mixed ratings, with price targets ranging from $42 to $1000.
October 21, 2024 | 4:45 pm
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Super Micro Computer (SMCI) has seen unusual options activity, with a majority of positions being bullish. This indicates potential positive developments for the company. The stock is currently trading at $48.18, up by 1.95%, and is nearing overbought territory. Analysts have mixed ratings, with price targets ranging from $42 to $1000.
The unusual options activity, with a majority of bullish positions, suggests that investors expect positive developments for SMCI. The stock's current upward movement and nearing overbought RSI indicate potential short-term gains. Mixed analyst ratings provide a wide range of price targets, but the overall sentiment from options activity leans bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100