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SMCI

Super Micro Computer, Inc.Close $41.64EOD only

Max Pain

$40.00

Next expiry Jun 12, 2026

Expected Move

±$3.90

9.3% from close

Price Gap

-1.64

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 5, 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 5, 2026 close

SMCI Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.6% from MP; +0.5 VIX 19

Watch next session: Monitor $42.5 support

Flow Summary

Net premium: +$17.4M bullish

P/C volume ratio: 0.46

P/C OI ratio: 0.81

Bullish flow dominant: net positive premium, low P/C ratio, and large GEX. Unusual call volume at $55 suggests upside bets. Spot above MP and VIX declining support bullish bias.

Notable Prints

SMCI 2026-06-12 $36.50 Put

Vol: 1,214

OI: 110

Vol/OI: 11.0x

IV: 102.7%

Notional: ~$16K

Intent: Bearish speculation

Dual read: Hedging

Read-through: Bearish

SMCI 2026-06-12 $41.50 Put

Vol: 1,231

OI: 199

Vol/OI: 6.2x

IV: 88.4%

Notional: ~$97K

Intent: Bearish speculation

Dual read: Hedging

Read-through: Bearish

SMCI 2026-08-21 $44.00 Put

Vol: 1,059

OI: 253

Vol/OI: 4.2x

IV: 87.5%

Notional: ~$720K

Intent: Bearish/hedging

Read-through: Neutral

SMCI 2026-07-10 $36.00 Put

Vol: 322

OI: 103

Vol/OI: 3.1x

IV: 81.1%

Notional: ~$36K

Intent: Bearish speculation

Dual read: Hedging

Read-through: Bearish

SMCI 2026-06-12 $42.50 Call

Vol: 719

OI: 258

Vol/OI: 2.8x

IV: 87.8%

Notional: ~$175K

Intent: Bullish speculation

Dual read: Closing

Read-through: Bullish

Institutional Positioning

Call additions: Net premium +$17.4M, $42.5C and $55C

Put additions: Multiple strikes $36.5-$44, high vol/oi

GEX/DEX consistency: Positive, bullish alignment

OI clusters: $55C 2484 OI, $44P 1235 OI

Hedging evidence: Puts likely hedge long exposure

Max pain context: Spot above MP, upward pinning

Signal vs Noise

~Strong net premium and positive GEX confirm bullish flow

~Put volume elevated but may reflect hedging, not bearish reversal

Key Conclusions

📈Bullish: Net premium and GEX positive, regime bullish, spot above MP

⚠️Warning: Heavy put activity at low strikes indicates hedging; monitor for downside risk

How to Use These Reports

This flow reflects the market close on June 8, 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.