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SMCI

Super Micro Computer, Inc.Close $30.46EOD only

Max Pain

$32.00

Next expiry Jun 18, 2026

Expected Move

±$2.91

9.6% from close

Price Gap

+1.54

Distance to max pain

IV Rank

High premium

P/C OI

0.70

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

SMCI Theta Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.3% from MP; +1 VIX 18

IV Environment

IV Regime

High

IV vs VIX

Avg IV ~109% vs VIX 17.68 – extreme excess.

Favorable?

Yes

Term structure: 0 DTE IV 18% jumps to ~86% at 6 DTE, steep contango.

📈High term structure IV supports premium selling.

⚠️Front-month IV anomaly; confirm data.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+48.6M)

Gamma flip: ~$30.00 — Approx — based on put OI concentration of 18,180 (1.5% below spot)

OI concentrations: Put wall at $30 (18,180 OI); max pain $32.

Verdict: Spot near $30.45, between put support and max pain; mild pin risk to $32.

Premium Opportunities

Put credit spread

Sell 2026-07-17 $26.00/$24.00 put spread

Sell $26/$24 put spread for $0.57 credit, max loss $1.43.

Credit: $0.47-$0.57

Max loss: $1.43

BE: $25.43

Mgmt: Close at 50% of max profit or before earnings.

Cash-secured put

Sell 2026-07-10 $25.00 cash-secured put

Sell $25 put for $0.92 credit, max loss $24.08 if assigned.

Credit: $0.76-$0.92

Max loss: $24.08

BE: $24.08

Mgmt: Roll if spot breaches $30 support.

Risk Alerts

!IV extremeness across term structure.

!0 DTE IV inconsistency.

How to Use These Reports

This theta reflects the market close on June 12, 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.