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SMCI

Super Micro Computer, Inc.Close $35.46EOD only

Max Pain

$30.50

Next expiry Jun 26, 2026

Expected Move

±$3.36

9.5% from close

Price Gap

-4.96

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 22, 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 22, 2026 close

SMCI Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.2% from MP; +0.5 VIX 19

Watch next session: Put/call volume ratio; Price action relative to $34 strike

Flow Summary

Net premium: +$6.1M bullish

P/C volume ratio: 0.52

P/C OI ratio: 0.73

Bullish flow dominates with heavy put selling and unusual call accumulation, supported by positive GEX and DEX. Downside hedged via high VIX; key risk is reversal if spot loses $30 gamma flip.

Notable Prints

SMCI 2026-06-26 $32.50 Put

Vol: 3,447

OI: 847

Vol/OI: 4.1x

IV: 90.0%

Notional: ~$300K

Intent: Bearish

Read-through: Drop

SMCI 2026-07-02 $32.50 Put

Vol: 459

OI: 115

Vol/OI: 4.0x

IV: 84.3%

Notional: ~$67K

Intent: Bearish

Read-through: Drop

SMCI 2026-07-02 $36.50 Call

Vol: 1,381

OI: 357

Vol/OI: 3.9x

IV: 89.1%

Notional: ~$117K

Intent: Bullish

Read-through: Rise

SMCI 2026-06-26 $33.50 Put

Vol: 2,619

OI: 759

Vol/OI: 3.5x

IV: 89.1%

Notional: ~$351K

Intent: Bearish

Read-through: Drop

SMCI 2026-07-02 $34.50 Call

Vol: 1,110

OI: 345

Vol/OI: 3.2x

IV: 86.6%

Notional: ~$155K

Intent: Bullish

Read-through: Rise

Institutional Positioning

Call additions: Calls at $34-$36.5 strikes, heavy on Jun 26 $34C (8793 vol) and Jul 2 $34.5C (1110).

Put additions: Puts at $32.5-$34 strikes, largest Jun 26 $33P (13911 vol) and $34P (4337).

GEX/DEX consistency: Bull flow aligns with +$67M GEX and +64.3M DEX.

OI clusters: $33P (5104 OI), $34C (3749), $34P (1976).

Hedging evidence: Put adds likely hedging long positions given net premium +$6.1M and bullish flow.

Max pain context: Spot above MP; gamma pinning with GEX flip at $30 (10% below spot) suggests support near $34.

Signal vs Noise

~High vol/oi (3-4) on puts and calls signals real positioning; put volumes likely hedging, not bearish.

Key Conclusions

🔵Institutions adding calls at $34-$36.5 with heavy volume; bullish flow and positive GEX/DEX confirm.

⚪Put additions at $32.5-$34 likely hedging; net premium +$6.1M supports bullish bias.

🟡Gamma pinning above MP; GEX flip at $30 offers downside support, pinning near $34.

How to Use These Reports

This flow reflects the market close on June 23, 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.