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SMCI

Super Micro Computer, Inc.Close $30.56EOD only

Max Pain

$31.00

Next expiry May 22, 2026

Expected Move

±$2.02

6.6% from close

Price Gap

+0.44

Distance to max pain

IV Rank

Low premium

P/C OI

0.83

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 19, 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 19, 2026 close

SMCI Flow Report

Analysis based on market close May 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from May 15, 2026. A newer flow report is available for May 19, 2026.

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Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.1% from MP; +0.5 VIX 18

Watch next session: Monitor 31.5 and 32 call open interest changes; Watch for put volume surge at 29.5 and 31 strikes

Flow Summary

Net premium: -$1.7M bearish

P/C volume ratio: 0.48

P/C OI ratio: 0.79

Mixed bias with slight bullish tilt from high positive gamma and call buying at 31.5-32, offset by negative net premium and market weakness. Unusual activity includes aggressive call buying and tail hedging puts. Low put/call ratios support call dominance. Confirmation if spot holds above $30; invalidation on break below.

Notable Prints

SMCI 2026-05-29 $20.00 Put

Vol: 10,507

OI: 705

Vol/OI: 14.9x

IV: 106.3%

Notional: ~$74K

Intent: BearishSpec

Read-through: Low premium

SMCI 2026-05-22 $31.50 Call

Vol: 1,602

OI: 138

Vol/OI: 11.6x

IV: 68.7%

Notional: ~$176K

Intent: BullishBet

Read-through: ATM vol

SMCI 2026-05-22 $32.00 Call

Vol: 14,358

OI: 1,360

Vol/OI: 10.6x

IV: 69.8%

Notional: ~$1.3M

Intent: BullishBet

Read-through: Close strike

SMCI 2026-05-15 $31.50 Call

Vol: 5,388

OI: 539

Vol/OI: 10.0x

IV: 18.8%

Notional: ~$5K

Intent: DayTrade

Read-through: Expiring today

SMCI 2026-12-18 $24.00 Call

Vol: 1,144

OI: 171

Vol/OI: 6.7x

IV: 87.8%

Notional: ~$1.3M

Intent: LongCall

Read-through: High IV

Institutional Positioning

Call additions: Calls added at $31.5-$32 strikes (weekly expiry) and $24 Dec call.

Put additions: Puts added at $20 and $70 strikes, plus $31 weekly put.

GEX/DEX consistency: GEX positive (+$56.3M) and DEX bullish (+60.9M shares), flow mixed but net premium negative; moderate consistency.

OI clusters: Call OI peaks at $32 (1,360) and $31.5 (677); put OI at $70 (800) and $31 (448).

Hedging evidence: Deep OTM $70 put purchase suggests upside hedge; $20 put speculative downside.

Max pain context: Spot at max pain (~$31), pinning regime supports consolidation.

Signal vs Noise

~Unusual print at $70 put (high IV, expiration today) likely noise from closing

~High volume at $31.5 call (0.01, likely expiring OTW) is noise

~Net premium negative despite call-dominant ratios suggests noise from mixed positioning

Key Conclusions

📌Spot pinned at MP near $31; call OI at $32 supports resistance.

⚠️Bearish put activity at $70 and $20 indicates hedging for tail risk.

✅GEX/DEX alignment bullish but flow mixed; caution warranted.

How to Use These Reports

This flow reflects the market close on May 15, 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.