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SMCI

Super Micro Computer, Inc.Close $32.00EOD only

Max Pain

$31.00

Next expiry May 15, 2026

Expected Move

±$1.69

5.3% from close

Price Gap

-1.00

Distance to max pain

IV Rank

High premium

P/C OI

0.82

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: May 13, 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

May 13, 2026 close

SMCI Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.5% from MP; +1 VIX 17

Watch next session: $33; $34; $35

Flow Summary

Net premium: +$4.9M bullish

P/C volume ratio: 0.18

P/C OI ratio: 0.81

Aggressive call buying dominates. Put/call volume ratio 0.18, net premium $4.9M positive. Regime: high vol, pinning, bullish flow. GEX +$68.4M. Confidence high.

Notable Prints

SMCI 2026-05-22 $33.00 Call

Vol: 9,462

OI: 626

Vol/OI: 15.1x

IV: 75.5%

Notional: ~$1.5M

Intent: Aggressive call buying for weekly.

Dual read: May be closing positions.

Read-through: Expects continued upward pressure.

SMCI 2026-05-22 $34.00 Call

Vol: 8,596

OI: 1,407

Vol/OI: 6.1x

IV: 75.5%

Notional: ~$1.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-05-15 $33.00 Call

Vol: 24,517

OI: 4,305

Vol/OI: 5.7x

IV: 60.9%

Notional: ~$1.5M

Intent: Bullish call buying ahead of expiration.

Dual read: Could be hedging short stock.

Read-through: Anticipates upward move.

SMCI 2026-05-22 $35.00 Call

Vol: 12,386

OI: 2,719

Vol/OI: 4.6x

IV: 77.1%

Notional: ~$1.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-05-15 $70.00 Put

Vol: 3,550

OI: 800

Vol/OI: 4.4x

IV: 543.8%

Notional: ~$12.6M

Intent: Tail risk hedge.

Dual read: Speculative put buying on volatility.

Read-through: Protection against downside crash.

Institutional Positioning

Call additions: Large call accumulation at 33-35 strikes for 5/15 and 5/22 expirations, vol/oi up to 15x.

Put additions: Minimal put activity except one large 70P (5/15) likely hedging noise.

GEX/DEX consistency: Yes, bullish flow aligns with positive GEX and DEX.

OI clusters: Concentrated call OI at 33,34,35 for 5/22; also 5/15 33C.

Hedging evidence: Possible tail hedge via 70P but not significant.

Max pain context: Spot above MP; pinning expected near call heavy strikes.

Signal vs Noise

~Call accumulation with high vol/oi is genuine buying signal.

~Net premium $4.9M positive confirms bullish flow.

~Far OTM put (70P) with huge IV is noise, likely retail hedge.

Key Conclusions

🟢Institutions aggressively adding calls at 33-35 strikes; strong bullish signal.

📈Positive GEX ($68.4M) and DEX (64.3M shares) support pinning near call strikes.

⚠️Spot 6.5% above MP may trigger reversal if no catalyst, but flow dominates.

How to Use These Reports

This flow reflects the market close on May 14, 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.