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SMCI

Super Micro Computer, Inc.Close $47.42EOD only

Max Pain

$40.00

Next expiry Jun 5, 2026

Expected Move

±$2.82

6.0% from close

Price Gap

-7.42

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 3, 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 3, 2026 close

SMCI Flow Report

Analysis based on market close June 4, 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 15.8% from MP; +1 VIX 15

Watch next session: 48.50 call OI; 51 call OI; weekly expiration

Flow Summary

Net premium: +$36.4M bullish

P/C volume ratio: 0.28

P/C OI ratio: 0.76

Bullish flow with aggressive short-dated call buying, low put volume, and positive GEX of $102.9M. Heavy volume on weekly $48.50 and $51 calls suggests upside momentum. Elevated vol but gamma pinning supports near-term bullish bias. Invalidation if price breaks below $43 put support.

Notable Prints

SMCI 2026-06-12 $48.50 Call

Vol: 13,956

OI: 186

Vol/OI: 75.0x

IV: 76.4%

Notional: ~$2.3M

Intent: Bullish speculation

Dual read: Short covering

Read-through: Bullish near spot

SMCI 2026-06-12 $51.00 Call

Vol: 14,238

OI: 1,421

Vol/OI: 10.0x

IV: 78.3%

Notional: ~$1.3M

Intent: Bullish expectation

Dual read: Sell-side activity

Read-through: Bullish flow

SMCI 2026-06-26 $35.00 Put

Vol: 1,151

OI: 199

Vol/OI: 5.8x

IV: 85.0%

Notional: ~$40K

Intent: Bearish hedge

Dual read: Put premium

Read-through: Downside bet

SMCI 2026-06-12 $49.00 Call

Vol: 4,488

OI: 850

Vol/OI: 5.3x

IV: 78.4%

Notional: ~$655K

Intent: Bullish buying

Dual read: Short covering

Read-through: Bullish sentiment

SMCI 2026-06-12 $52.00 Call

Vol: 4,708

OI: 932

Vol/OI: 5.0x

IV: 78.8%

Notional: ~$353K

Intent: Bullish

Dual read: Call writing

Read-through: Bullish tilt

Institutional Positioning

Call additions: Aggressive call buying on Jun12 $48.5-$52 strikes; Jan27 $33 call accumulation.

Put additions: Minor put buys on Jun26 $35 and Jul2 $40, likely protective.

GEX/DEX consistency: Yes, bullish: +$102.9M GEX and +80.2M DEX both positive.

OI clusters: Largest OI near $48.5-$52 calls for Jun12; long-dated $33 call OI high.

Hedging evidence: Light put hedges at $35/$40 for later expirations.

Max pain context: Spot 15.8% above MP; positive gamma may pin but downside risk if reversion.

Signal vs Noise

~High vol/oi on $48.5 and $51 calls signal aggressive bullish bets.

~Low put/ call volume ratio (0.28) confirms flow is bullish.

~Long-dated $33 call accumulation is signal of institutional conviction.

~Minor put buys at $35/$40 are noise or protective.

Key Conclusions

🚀Institutions aggressively adding calls in Jun12 $48.5-$52 strikes, signaling bullish intent.

⚡GEX/DEX strongly bullish at +$102.9M and +80.2M shares, consistent with flow.

⚠️Spot 15.8% above max pain; pinning may break, leading to downside.

How to Use These Reports

This flow reflects the market close on June 4, 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.