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SMCI

Super Micro Computer, Inc.Close $30.85EOD only

Max Pain

$31.50

Next expiry Jun 18, 2026

Expected Move

±$2.26

7.3% from close

Price Gap

+0.65

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.74

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

SMCI Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.2% from MP; +1 VIX 16

Watch next session: Monitor call OI at $31 and $33.5; Spot holding above $29.5

Flow Summary

Net premium: +$2.7M bullish

P/C volume ratio: 0.30

P/C OI ratio: 0.73

Heavy call buying and positive gamma position support bullish bias despite market weakness. Spot below max pain may attract pinning or mean reversion.

Notable Prints

SMCI 2026-06-26 $33.50 Call

Vol: 8,183

OI: 582

Vol/OI: 14.1x

IV: 81.6%

Notional: ~$319K

Intent: Aggressive call buying

Read-through: Bullish near-term

SMCI 2026-06-26 $31.00 Call

Vol: 9,552

OI: 836

Vol/OI: 11.4x

IV: 80.3%

Notional: ~$879K

Intent: Aggressive call buying

Read-through: Bullish near-term

SMCI 2026-06-26 $41.50 Call

Vol: 1,091

OI: 113

Vol/OI: 9.7x

IV: 96.9%

Notional: ~$5K

Intent: Speculative OTM call

Read-through: High volatility bet

SMCI 2026-07-02 $29.50 Call

Vol: 1,409

OI: 159

Vol/OI: 8.9x

IV: 79.5%

Notional: ~$259K

Intent: Aggressive call buying

Read-through: Bullish week ahead

SMCI 2026-07-02 $31.50 Call

Vol: 1,388

OI: 266

Vol/OI: 5.2x

IV: 78.6%

Notional: ~$167K

Intent: Aggressive call buying

Read-through: Bullish week ahead

Institutional Positioning

Call additions: Net premium +$2.7M; heavy call buying at $31, $33.5 (6/26) and $36 (7/17).

Put additions: Light put added at $26.5 (6/18) and $29.5 (6/26,7/2); put/call ratio 0.30.

GEX/DEX consistency: Strongly aligned: GEX +$22.7M, DEX +61.4M shares; both bullish.

OI clusters: Largest OI: $31 call (836), $33.5 call (582), $36 call (1478); put OI at $26.5 (370), $29.5 (231).

Hedging evidence: Minimal hedging; small put volume suggests no broad tail protection.

Max pain context: Spot below MP; positive GEX implies dealer long gamma, likely pinning upward.

Signal vs Noise

~Signal: persistent call accumulation at $31-$36 strikes, low put/call ratio, and positive GEX/DEX.

~Noise: small OTM put volume (e.g., $20) and sporadic call prints at $41.5 are not indicative of broad sentiment.

Key Conclusions

🟢Heavy call buying at $31-$36 strikes signals bullish institutional positioning for next 2-4 weeks.

🔵Positive GEX/DEX and spot below MP support a pinning effect upward; bias remains constructive.

How to Use These Reports

This flow reflects the market close on June 16, 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.