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SMCI

Super Micro Computer, Inc.Close $40.64EOD only

Max Pain

$41.50

Next expiry Jun 12, 2026

Expected Move

±$3.03

7.5% from close

Price Gap

+0.86

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.80

Slightly call-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 9, 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 9, 2026 close

SMCI Flow Report

Analysis based on market close June 9, 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 20

Watch next session: $38.50; $40.00; $41.00

Flow Summary

Net premium: +$13.1M bullish

P/C volume ratio: 0.41

P/C OI ratio: 0.80

Strong call flow dominates with $13.1M net premium and 0.41 put/call volume ratio. GEX +$49.3M pinning spot, DEX +65M shares bullish. Unusual large call buys at $39-$41.5 suggest upside conviction. Pinning gamma near $38.5-$41 may support near-term rally, despite broad market weakness.

Notable Prints

SMCI 2026-06-12 $41.50 Call

Vol: 2,080

OI: 289

Vol/OI: 7.2x

IV: 87.9%

Notional: ~$237K

Intent: Bullish opening

Read-through: Similar aggressive call.

SMCI 2026-06-12 $40.50 Call

Vol: 1,487

OI: 205

Vol/OI: 7.2x

IV: 88.5%

Notional: ~$232K

Intent: Bullish opening

Read-through: Aggressive call buying.

SMCI 2026-06-12 $39.00 Call

Vol: 1,127

OI: 261

Vol/OI: 4.3x

IV: 90.5%

Notional: ~$275K

Intent: Bullish

Read-through: Call buying at $39.

SMCI 2026-06-12 $38.50 Put

Vol: 1,998

OI: 587

Vol/OI: 3.4x

IV: 94.2%

Notional: ~$152K

Intent: Bearish hedge

Read-through: Put buying at support.

SMCI 2026-06-12 $41.00 Call

Vol: 1,360

OI: 425

Vol/OI: 3.2x

IV: 87.6%

Notional: ~$181K

Intent: Bullish

Read-through: Call buying at $41.

Institutional Positioning

Call additions: Aggressive call buying at $39-$43.5 strikes, June 12 and 18 expirations, with vol/OI ratios 2.9-7.2x.

Put additions: Notable put additions at $35, $38, $38.5, $41 strikes, vol/OI >2x, hedging downside.

GEX/DEX consistency: GEX +$49.3M, DEX +65M shares align with bullish flow; low PCR (0.41) confirms.

OI clusters: Largest put OI at $35 (1,007), $38 (985), $41 (616); call OI at $41 (425), $39 (261), $40.5 (205).

Hedging evidence: Put accumulation below $40 suggests collar hedging; high IV (90-111%) reflects demand for protection.

Max pain context: Spot below MP; GEX pinning likely between $39-$41; gamma flip at $30 (26.2% below spot).

Signal vs Noise

~Signal: Heavy call accumulation at high vol/OI ratios and net premium +$13M point to institutional directional bet.

~Noise: VIX ~20 causes elevated put activity, but put/call vol ratio 0.41 confirms low bearish conviction.

Key Conclusions

📈Large call buying at $39-$43.5 with vol/OI up to 7.2x signals institutional bullish conviction ahead of expiry.

🛡️Put additions at $35-$41 likely hedging; collar evidence as spot vs MP is below, but not aggressive bearish.

How to Use These Reports

This flow reflects the market close on June 9, 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.