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SMCI

Super Micro Computer, Inc.Close $28.40EOD only
Max Pain
$24.00
Next expiry Apr 17, 2026
Expected Move
±$0.87
3.1% from close
Price Gap
-4.40
Distance to max pain
IV Rank
39
Middle-high premium
P/C OI
0.83
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Apr 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
Apr 16, 2026 close
SMCI AI Consensus Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

6 because gamma pinning and aligned theta opportunities give a reliable short-term framework, but a near-term earnings binary plus mixed flow reduces certainty and prevents a higher score.

Where Perspectives Agree

Market is range-bound with a mild bullish tilt into $25–30; dealer gamma pinning creates a defensible floor around $25 that favors selling premium and buying pullbacks rather than naked directional longs.

Where They Diverge

Flow signals institutional accumulation and continued bid into expiries while earnings/IV term structure point to a front-loaded binary where post-release mean-reversion is likely — institutional accumulation implies continuation but earnings structure implies a likely fade after the print, directly contradicting each other.

Top Trade
via theta

Sell May 2026 $26/$24 put spread for a net credit (~$0.60–$0.85 credit expected).

Key Risk

Close below $25 (sustained break) flips dealer gamma from pinning to short, triggering accelerated selling to about $22.50 and invalidating the range-bound/premium-selling thesis.

Read the AI Analyst Consensus for SMCI for 2026-04-17. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.