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SMCI

Super Micro Computer, Inc.Close $41.64EOD only
Max Pain
$40.00
Next expiry Jun 12, 2026
Expected Move
±$3.90
9.3% from close
Price Gap
-1.64
Distance to max pain
IV Rank
55
Middle-high premium
P/C OI
0.76
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 5, 2026 close
End-of-day snapshot

This page reflects SMCI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 5, 2026 close
SMCI Earnings Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

Strong bullish setup with high IV and gamma pinning near $40.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.6% from MP; +0.5 VIX 19
Most important: Gamma pinning and resistance at $44.5.
📈Call OI wall $47-$60 suggests upside resistance.
🛡️Put floor at $30 provides downside support.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-08-04 (57 days)explicit

Expected moves:

  • 2026-06-12 (4d): ±$3.61 (8.2%)
  • 2026-06-18 (10d): ±$5.09 (11.6%)
  • 2026-06-26 (18d): ±$6.60 (15.0%)

IV Setup

Term structure: Upward sloping: 4d 8.2%, 10d 11.6%, 18d 15.0%.

Crush estimate: Significant post-event crush.

Skew: Slight put skew near term; call volume dominant.

Historical Context

Beat rate: 60% (3/5 quarters)

Avg move vs expected: Moves often near implied.

Directional bias: Slightly bullish (60% beat rate).

Key Levels

1EM guardrails: 1w $38.90/$49.08
2Max pain pins: $40 (2026-06-12); $34 (2026-06-18); $36 (2026-06-26)

Flow Highlights

Unusual call volume on 6/12 $55 call (4939 vol, 2484 OI).

Speculative upside bets.

Strategies

Iron Condor
Sell 2026-06-26 $40.00/$39.00 put wing and $44.50/$46.00 call wing
Credit: $0.86-$1.06
Max loss: $0.44
Max gain: $1.06
BE: 38.94 / 45.56
Trigger: Manage at 50% max gain or near expiration; watch $40 and $44.5 levels for adjustment. Liquidity warning: Liquidity constraints: short_call: Open interest below 25.
Best fit for high IV and defined support/resistance; gamma pinning near $40 and resistance $44.5 make range-bound strategy ideal.
Outperforms: Sells premium within expected boundaries, profiting from IV crush and time decay.
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle
Buy 2026-06-12 $42.00 put + buy $46.50 call
Debit: $1.66-$2.03
Max loss: $2.03
Max gain: Unlimited
BE: 39.97 / 48.53
Trigger: Close on 50% gain or hold through earnings; set stop-loss at 50% of premium paid.
Profits from large moves; current IV high but move may be limited; liquidity is good despite speculative nature.
Outperforms: Buys both put and call to capture breakouts beyond $42-$46.50 range.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Earnings gap risk 57 days out.
!IV crush post-event.
!Gamma pinning near max pain $40.

What to Watch

?Price action around $40 gamma level.
?Volatility term structure changes.
?Continuation of unusual options activity.
How to Use These Reports
This earnings reflects the market close on June 8, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.