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SMCI

Super Micro Computer, Inc.Close $30.66EOD only

Max Pain

$30.50

Next expiry Jun 26, 2026

Expected Move

±$2.85

9.3% from close

Price Gap

-0.16

Distance to max pain

IV Rank

100

High premium

P/C OI

0.67

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

SMCI Flow Report

Analysis based on market close June 18, 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: Bullish continuation

Flow Summary

Net premium: +$20.3M bullish

P/C volume ratio: 0.37

P/C OI ratio: 0.67

Strong bullish flow with heavy call accumulation across expirations. Institutional buying in $29.5-$37 calls. Gamma pinning supports spot above $30. Low put demand. Net premium $20.3M. High confidence in bullish bias.

Notable Prints

SMCI 2026-06-18 $30.50 Put

Vol: 8,854

OI: 772

Vol/OI: 11.5x

IV: 15.6%

Notional: ~$18K

Intent: Speculative put

Dual read: Hedging

Read-through: High vol/oi deep OTM

SMCI 2026-06-26 $31.50 Call

Vol: 6,502

OI: 577

Vol/OI: 11.3x

IV: 75.1%

Notional: ~$722K

Intent: Bullish

Read-through: OTC call high vol/oi

SMCI 2026-06-26 $28.50 Call

Vol: 634

OI: 104

Vol/OI: 6.1x

IV: 75.2%

Notional: ~$165K

Intent: Bullish

Read-through: ITM call

SMCI 2026-06-26 $24.50 Put

Vol: 796

OI: 142

Vol/OI: 5.6x

IV: 88.3%

Notional: ~$7K

Intent: Hedge

Dual read: Speculative

Read-through: Deep OTM put

SMCI 2026-08-21 $37.00 Call

Vol: 5,998

OI: 1,124

Vol/OI: 5.3x

IV: 91.9%

Notional: ~$1.6M

Intent: Bullish

Read-through: Long-dated call

Institutional Positioning

Call additions: Aggressive call buying across expirations: $31.50C (6/26), $37.00C (8/21), $29.50C (6/18), $30.00C (6/26).

Put additions: Heavy put buying at $30.50P (6/18) and smaller at $24.50P (6/26).

GEX/DEX consistency: Yes, bullish call flow aligns with positive GEX (+$105.2M) and DEX (+62.5M shares), supporting pinning.

OI clusters: Notable OI at $30C (1,654), $29.50C (1,178), and $30.50P (772).

Hedging evidence: Minimal hedging; $30.50P may be speculative or light hedge.

Max pain context: Spot above MP, gamma pinning near $30; max pain aligns with $30.

Signal vs Noise

~Real signal: consistent call accumulation across multiple expirations and strikes.

~Real signal: positive GEX/DEX confirms bullish flow alignment.

~Noise: high vol/oi ratios on low OI contracts like $30.50P and $31.50C could be outlier trades.

Key Conclusions

📈Institutions are heavily accumulating calls, indicating strong bullish bias near term.

⚠️Large put volume at $30.50P suggests some downside hedging or speculation.

How to Use These Reports

This flow reflects the market close on June 18, 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.