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SMCI

Super Micro Computer, Inc.Close $30.85EOD only

Max Pain

$31.50

Next expiry Jun 18, 2026

Expected Move

±$2.26

7.3% from close

Price Gap

+0.65

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.74

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

SMCI Theta Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.2% from MP; +1 VIX 16

IV Environment

IV Regime

High

IV vs VIX

Avg IV 100.8% vs VIX 16.4, extreme 6.1x multiple

Favorable?

Yes

Term structure: Near-term skew extreme: 2DTE put IV 178%, call 163%; back-month steady ~88%

🔥Near-term IV extremely elevated, 2DTE put IV 178%

📈Bullish dealer flow and positive GEX support pinning

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+22.7M)

OI concentrations: Max pain $32, call wall $32-$40, put floor $15-$20; no put OI within 30% below spot

Verdict: Spot $28.23 below $32 MP; +$22.7M GEX suggests buying pressure pushing spot toward $32 by expiry

Premium Opportunities

Iron condor

Sell 2026-07-17 $25.00/$24.00 put wing and $32.00/$33.00 call wing

Sells OTM wings to capture extreme IV crush, balanced directional outlook.

Credit: $0.46-$0.56

Max loss: $0.44

BE: 24.44 / 32.56

Mgmt: Close if spot approaches $32 or $25; monitor IV crush and theta decay.

Put credit spread

Sell 2026-07-17 $26.00/$25.00 put spread

Sells an OTM put spread to collect elevated premium if support holds.

Credit: $0.27-$0.33

Max loss: $0.67

BE: $25.67

Mgmt: Exit early if spot breaks below $25.33; roll if premium decays rapidly.

Risk Alerts

!Near-term IV extreme; volatile moves can overwhelm theta decay

!Spot near support $25.33; breakdown risks if market declines continue

!Negative market context (SPY -0.6%, QQQ -1.9%) may curb upside

How to Use These Reports

This theta reflects the market close on June 16, 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.