thetaOwl
HomeOptionsSMCIReports

SMCI

Super Micro Computer, Inc.Close $43.69EOD only
Max Pain
$40.50
Next expiry Oct 9, 2026
Expected Move
±$3.00
6.9% from close
Price Gap
-3.19
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.86
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Oct 2, 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
Oct 2, 2026 close
SMCI AI Consensus Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction
5.5

out of 10

5.5 not 7 because conflicting directional/flow signals and binary earnings risk in 39 days cap confidence; not lower due to strong GEX pin and high IV decay potential.

Where Perspectives Agree

All personas converge on a pinning range near $30-$34 with high IV decay opportunity — bullish call flow and positive GEX support pinning, while max pain and negative net premium cap upside.

Where They Diverge

Directional bearish (put spread) contradicts flow's aggressive accumulation of $31.5-$34 calls; earnings negative net premium suggests bearish flow bias but flow calls it mixed with bullish tilt — incompatible trade structures.

Top Trade
via theta

Sell Aug21 $28/$27 put spread and $34/$35 call spread (iron condor) for ~$1.00 credit — profiting from pin and IV contraction.

Key Risk

Break below $28 removes gamma pin and triggers put OI cascade below $24 — accelerates downside to $21 put wall.

How to Use These Reports
This ai consensus reflects the market close on June 26, 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.