Bullish flow in Super Micro (SMCI), with shares up $3.81, or 8.89%, near $46.65. Options volume running well above average with 563k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 3.6 points near 70.0,in the bottom quartile of the past year, suggesting an expected daily move of $2.06. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMCI:
- Super Micro initiated with a Sector Weight at KeyBanc
- Super Micro call volume above normal and directionally bullish
- Early notable gainers among liquid option names on June 25th
- Super Micro reports pricing of private offering of $2B convertible senior notes
- Super Micro Computer Stock (SMCI) Sinks on $2B Convertible Notes Offering