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SMCI

Super Micro Computer, Inc.Close $42.77EOD only
Max Pain
$43.00
Next expiry Oct 9, 2026
Expected Move
±$1.42
3.3% from close
Price Gap
+0.23
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.89
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Oct 8, 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 8, 2026 close
SMCI Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Sell call credit spreads
Invalidation: Break below $34 or above $42
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 19.7% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV 90% vs VIX 17, 5.3x premium
Favorable?
Yes

Term structure: Near-term flat; put skew extreme (166% vs 90% at 3DTE)

⚠️3DTE put IV 166% vs call 90% extreme skew

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+92.0M)

OI concentrations: Call wall $40-50; Put floor $20; Max pain $31,$30

Verdict: Positive gamma $92M supports pin; spot above MP, downside pin limited, keys $31,$30

Premium Opportunities

Risk Alerts

!Extreme put skew high tail risk
!Spot 19.7% above max pain downside risk
!High IV may contract
How to Use These Reports
This theta reflects the market close on May 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.