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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 12, 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 spot 3.3% from MP; +1 VIX 18

Watch next session: $30 support; call open interest expansion

Flow Summary

Net premium: +$8.2M bullish

P/C volume ratio: 0.34

P/C OI ratio: 0.70

Heavy OTM call volume and low put/call ratio indicate bullish positioning. Net positive gamma supports spot, with upside bias reinforced by $8.2M premium. Key pin at $30 flip provides near-term support for continued rally.

Notable Prints

SMCI 2026-06-18 $30.50 Put

Vol: 1,906

OI: 176

Vol/OI: 10.8x

IV: 86.7%

Notional: ~$292K

Intent: Bearish hedge or speculative put

Dual read: Directional bet or tail hedge

Read-through: Large put buying suggests downside concern

SMCI 2026-06-12 $28.00 Call

Vol: 1,121

OI: 194

Vol/OI: 5.8x

IV: 229.7%

Notional: ~$289K

Intent: Short-term bullish speculation or squeeze

Dual read: Possible short covering

Read-through: Extremely high IV indicates fear of squeeze

SMCI 2026-06-12 $30.50 Call

Vol: 18,546

OI: 3,405

Vol/OI: 5.5x

IV: 15.6%

Notional: ~$130K

Intent: Bullish lottery ticket

Dual read: Volatility selling

Read-through: Heavy OTM call buying supports bullish flow

SMCI 2026-06-12 $31.00 Call

Vol: 28,431

OI: 5,611

Vol/OI: 5.1x

IV: 21.9%

Notional: ~$28K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-18 $33.50 Call

Vol: 10,871

OI: 3,439

Vol/OI: 3.2x

IV: 85.7%

Notional: ~$500K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive buying at 31C (28.4K) and 31.5C (13.9K) expiring 6/12.

Put additions: Moderate put activity at 30P (13K) and 30.5P (8.4K).

GEX/DEX consistency: GEX +48.6M, DEX +65.6M shares; consistent bullish flow.

OI clusters: Largest OI: 31C (5,611), 31.5C (4,561), 30.5P (3,068).

Hedging evidence: Put buying at 30P and 30.5P suggests downside hedging.

Max pain context: Spot below MP; positive gamma supports pinning upward.

Signal vs Noise

~Signal: High call volume at 31 and 31.5 strikes aligns with bullish flow.

~Noise: 30.5C (15.6% IV) and 28C (229% IV) likely noise; low OI.

Key Conclusions

📈Bullish call flow and positive GEX/DEX suggest upward bias near term.

🛡️Put accumulation at 30P indicates hedging; downside supported.

How to Use These Reports

This flow reflects the market close on June 12, 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.