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SMCI

Super Micro Computer, Inc.Close $29.22EOD only

Max Pain

$31.50

Next expiry Jun 18, 2026

Expected Move

±$1.66

5.7% from close

Price Gap

+2.28

Distance to max pain

IV Rank

High premium

P/C OI

0.73

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 16, 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 16, 2026 close

SMCI Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 10.4% from MP; +0.5 VIX 18

Watch next session: SMCI 30.5C 2026-06-26; SMCI 33C 2026-06-26; SMCI 20P 2026-06-26

Flow Summary

Net premium: -$6.0M bearish

P/C volume ratio: 0.27

P/C OI ratio: 0.71

Aggressive call speculation in weekly options with low put/call ratio supports bullish bias; invalidation if spot breaks below $20 gamma flip.

Notable Prints

SMCI 2026-06-26 $30.50 Call

Vol: 19,767

OI: 751

Vol/OI: 26.3x

IV: 77.0%

Notional: ~$1.0M

Intent: Bullish call buying

Dual read: May be closing shorts

Read-through: Aggressive despite bearish market

SMCI 2026-06-26 $33.00 Call

Vol: 19,874

OI: 1,018

Vol/OI: 19.5x

IV: 80.3%

Notional: ~$378K

Intent: Speculative OTM calls

Dual read: Hedge against upside

Read-through: High risk appetite

SMCI 2026-06-26 $20.00 Put

Vol: 9,118

OI: 1,212

Vol/OI: 7.5x

IV: 102.3%

Notional: ~$36K

Intent: Tail hedge or crash bet

Dual read: Part of spread

Read-through: Cheap protection

SMCI 2026-06-18 $29.50 Call

Vol: 5,164

OI: 935

Vol/OI: 5.5x

IV: 68.8%

Notional: ~$46K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

SMCI 2026-06-18 $28.50 Call

Vol: 690

OI: 139

Vol/OI: 5.0x

IV: 67.2%

Notional: ~$18K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated at $30.5, $33, $29.5; vol/oi 26, 19.5, 3.0

Put additions: At $20 (vol/oi 7.5), $22 (2.6), $28 (2.2); tail hedging at $20

GEX/DEX consistency: Negative GEX (-$2M) and positive DEX (+61.6M) consistent with dealer short gamma, long delta

OI clusters: Calls: 30.5 (751 OI), 33 (1018 OI); Puts: 20 (large), 28 (948 OI), 22 (376 OI)

Hedging evidence: Tail hedging via $20 put; near-money puts at $28 for protection

Max pain context: Put OI 28% below spot; max pain likely near $28

Signal vs Noise

~High vol/oi call prints at $30.5 and $33: strong bullish signal

~Heavy put volume at $20: significant tail hedging signal

~Net negative premium with low put/call volume ratio: real buying pressure

~Low vol/oi prints (<3): likely noise

Key Conclusions

🚀Call buying at $30.5/$33 (vol/oi 26, 19.5) shows speculative upside; bullish flow.

🛡️Put accumulation at $20 (vol/oi 7.5) reflects tail hedging; neutral warning for downside.

⚠️Negative GEX and spot below max pain create dealer gamma risk; bearish if drop continues.

How to Use These Reports

This flow reflects the market close on June 17, 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.