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SMCI

Super Micro Computer, Inc.Close $33.46EOD only

Max Pain

$31.50

Next expiry May 22, 2026

Expected Move

±$1.13

3.4% from close

Price Gap

-1.96

Distance to max pain

IV Rank

Low premium

P/C OI

0.80

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

SMCI Flow Report

Analysis based on market close May 22, 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 13.0% from MP; +1 VIX 17

Watch next session: Call volume persistence; Spot action near $38-39

Flow Summary

Net premium: +$58.8M bullish

P/C volume ratio: 0.16

P/C OI ratio: 0.81

Call/Put vol ratio 2.5, net premium $1.2M bullish, GEX +$50M, weekly calls vol/oi 3x avg. Spot above MP. Trend up.

Notable Prints

SMCI 2026-05-29 $38.50 Call

Vol: 27,161

OI: 123

Vol/OI: 220.8x

IV: 72.6%

Notional: ~$1.5M

Intent: Aggressive call buying

Read-through: Bullish momentum

SMCI 2026-05-29 $36.50 Call

Vol: 28,769

OI: 441

Vol/OI: 65.2x

IV: 69.0%

Notional: ~$3.0M

Intent: Call sweep

Read-through: Bullish

SMCI 2026-05-29 $35.50 Call

Vol: 20,979

OI: 387

Vol/OI: 54.2x

IV: 68.8%

Notional: ~$3.3M

Intent: Call buying

Read-through: Bullish

SMCI 2026-05-29 $37.00 Call

Vol: 22,991

OI: 923

Vol/OI: 24.9x

IV: 69.7%

Notional: ~$2.0M

Intent: Call accumulation

Read-through: Bullish

SMCI 2026-05-22 $35.00 Put

Vol: 5,437

OI: 561

Vol/OI: 9.7x

IV: 20.3%

Notional: ~$5K

Intent: Small put opening

Dual read: Hedge or bearish

Read-through: Neutral

Institutional Positioning

Call additions: 5/29 calls: $36.5C (28.8k), $37C (23k), $38.5C (27k), $35.5C (21k); Nov $23C (936)

Put additions: 5/22 $35P (5.4k), 5/29 $35P (3.3k), 5/22 $34.5P (1.8k)

GEX/DEX consistency: Yes; +$144.8M GEX, +66.1M DEX aligned with bullish flow

OI clusters: $35.5C (3.5k), $37C (923), $36.5C (441), $38.5C (123); puts: $35P (561/369)

Hedging evidence: Limited puts at 35/34.5, no collar evidence

Max pain context: Spot above MP (~35); pinning to higher strikes

Signal vs Noise

~Signal: 5/29 $38.5C vol/OI 220x aggressive bullish

~Signal: Nov $23C long-dated call bullish conviction

~Signal: Put activity defensive but limited

~Noise: $35.5C 5/22 vol/OI 4.8 likely churn

~Noise: $35P 5/22 low OI small position

Key Conclusions

🔺Aggressive call accumulation in 5/29 $38.5C

📊GEX/DEX strongly positive, gamma pinning

⚠️Put hedging at $35/34.5 but not heavy

How to Use These Reports

This flow reflects the market close on May 22, 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.