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SMCI

Super Micro Computer, Inc.Close $46.90EOD only

Max Pain

$40.50

Next expiry Jun 5, 2026

Expected Move

±$1.73

3.7% from close

Price Gap

-6.40

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

SMCI Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 22

Watch next session: Monitor $30 support; Track call open interest changes

Flow Summary

Net premium: +$26.0M bullish

P/C volume ratio: 0.43

P/C OI ratio: 0.76

Bullish flow dominates with $26M net premium and low 0.43 P/C volume ratio. Heavy call buying, notably the $47 weekly, suggests aggressive upside bets. Gamma pinning above $30 reinforces support.

Notable Prints

SMCI 2026-06-12 $47.00 Call

Vol: 19,501

OI: 1,682

Vol/OI: 11.6x

IV: 83.0%

Notional: ~$897K

Intent: Bullish

Read-through:

SMCI 2026-06-12 $44.00 Put

Vol: 4,446

OI: 460

Vol/OI: 9.7x

IV: 78.1%

Notional: ~$1.5M

Intent: Bearish

Read-through:

SMCI 2026-06-12 $24.00 Put

Vol: 16,022

OI: 1,808

Vol/OI: 8.9x

IV: 173.4%

Notional: ~$64K

Intent: Lottery

Read-through:

SMCI 2026-06-05 $41.50 Put

Vol: 3,442

OI: 392

Vol/OI: 8.8x

IV: 23.2%

Notional: ~$24K

Intent: Expiration bearish

Read-through:

SMCI 2026-06-05 $40.50 Put

Vol: 1,411

OI: 176

Vol/OI: 8.0x

IV: 29.7%

Notional: ~$1K

Intent: Expiration bearish

Read-through:

Institutional Positioning

Call additions: Heavy call buying at $46-$47 and $35

Put additions: Put buying at $44, $24, and near $41.5

GEX/DEX consistency: Positive GEX & DEX consistent with pinning

OI clusters: OI concentration near $40-$41.5

Hedging evidence: Puts at $44 and $24 suggest downside hedging

Max pain context: Spot above MP pinning likely $40-$41.5

Signal vs Noise

~$47 call volume 11.6x OI is real buying demand

~$24 deep OTM puts (IV 173%) likely noise

~$44 put volume 9.7x OI signals bearish hedge

~High IV on $35 options reflects tail risk not directional

Key Conclusions

🟢Bullish flow net premium $26M calls outpacing puts 2.3:1

⚠️VIX 22 and high IV warn volatility but gamma pinning near $40-41.5

How to Use These Reports

This flow reflects the market close on June 5, 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.