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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 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 16

Watch next session: $34 call accumulation; gamma flip level at $30

Flow Summary

Net premium: +$4.7M bullish

P/C volume ratio: 0.29

P/C OI ratio: 0.74

Bullish flow dominates with heavy call buying at $34 and $33 strikes, low P/C ratio, and positive gamma. Regime supports upside bias. Risk is reversal below $30 gamma flip.

Notable Prints

SMCI 2026-06-26 $34.00 Call

Vol: 2,668

OI: 486

Vol/OI: 5.5x

IV: 83.7%

Notional: ~$200K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-26 $27.50 Put

Vol: 1,013

OI: 246

Vol/OI: 4.1x

IV: 83.6%

Notional: ~$58K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-26 $31.50 Call

Vol: 1,021

OI: 301

Vol/OI: 3.4x

IV: 82.6%

Notional: ~$156K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-26 $33.00 Call

Vol: 973

OI: 320

Vol/OI: 3.0x

IV: 85.3%

Notional: ~$100K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-26 $31.00 Put

Vol: 648

OI: 243

Vol/OI: 2.7x

IV: 81.6%

Notional: ~$122K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call flow at $34, $31.5, $33 strikes (volume/oi 3-5x) and OTM $20 calls indicate strong upside positioning.

Put additions: Modest put volume at $27.5 and $31, likely hedging; not dominant.

GEX/DEX consistency: Positive GEX ($50.3M) and DEX (+63.6M shares) consistent with bullish flow and gamma pinning.

OI clusters: Notable OI at $34C (486), $33C (320), $31P (243); full data not available.

Hedging evidence: Light put buying at $31 and $27.5; no significant collar activity.

Max pain context: Spot below max pain; pinning expected higher.

Signal vs Noise

~Signal: low put/call volume ratio (0.29), net premium +$4.7M, positive GEX/DEX, bullish flow regime.

~Noise: OTM $44.5 call (10k volume) and $20 call (high IV) are speculative and likely noise.

Key Conclusions

🚀Aggressive call accumulation at $34, $31.5, $33; net premium +$4.7M. Pinning expected upward.

⚠️Avoid chasing $44.5 call (10k vol) – expiring worthless, pure speculation.

🟢Positive GEX/DEX alignment reinforces bullish bias; market maker hedging supports spot.

How to Use These Reports

This flow reflects the market close on June 15, 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.