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SMCI

Super Micro Computer, Inc.Close $30.46EOD only

Max Pain

$32.00

Next expiry Jun 18, 2026

Expected Move

±$2.91

9.6% from close

Price Gap

+1.54

Distance to max pain

IV Rank

High premium

P/C OI

0.70

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

SMCI Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP; +0.5 VIX 19

Flow Summary

Net premium: +$34.4M bullish

P/C volume ratio: 0.37

P/C OI ratio: 0.74

Heavy call flow dominates with net premium +$34M. Low put/call ratio (0.37) and high GEX (+$41.6M) support bullish pinning. Unusual prints concentrated in near-term calls (e.g., $31C, $29.5C) suggest upside bets. Puts active at $27-29 but subordinated. Bias bullish as long as spot holds above $29.

Notable Prints

SMCI 2026-06-18 $30.50 Call

Vol: 7,909

OI: 265

Vol/OI: 29.9x

IV: 94.5%

Notional: ~$2.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-12 $29.50 Call

Vol: 10,439

OI: 493

Vol/OI: 21.2x

IV: 98.0%

Notional: ~$2.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-12 $29.00 Call

Vol: 3,270

OI: 279

Vol/OI: 11.7x

IV: 91.8%

Notional: ~$1.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-12 $30.50 Call

Vol: 8,809

OI: 983

Vol/OI: 9.0x

IV: 86.7%

Notional: ~$1.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-12 $31.50 Call

Vol: 6,383

OI: 746

Vol/OI: 8.6x

IV: 86.3%

Notional: ~$670K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 29.5-31 strikes, especially 6/12 exp, targeting upside.

Put additions: Modest put volume at 29 and 30.5, likely hedging or bearish bets.

GEX/DEX consistency: Positive GEX ($41.6M) and DEX (+66.1M shares) align with bullish flow.

OI clusters: Put OI concentration at 27 (18,122 contracts), 6.2% below spot; call OI high at 30.5-31.

Hedging evidence: Put activity suggests protection on downside, but no clear collars.

Max pain context: Spot $28.85, below MP ~30; gamma pinning may drag price toward MP.

Signal vs Noise

~Net premium $34.3M and 0.37 p/c volume ratio signal bullish real flow.

~Positive GEX/DEX consistent with directional buying, not hedging noise.

~Unusual call volume (10+ prints) at high vol/OI ratios confirm conviction.

Key Conclusions

🟢Institutions piling into upside calls; pinning to MP likely with bullish bias.

How to Use These Reports

This flow reflects the market close on June 11, 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.