Super Micro Sees Big Money Betting Big on its Stock Options, Benzinga Reports
Investors with a lot of money to spend have taken a bearish stance on $Super Micro Computer (SMCI.US)$ , Benzinga reported, citing its review of 60 uncommon trades of options tied to the stock of the provider of high-performance server and storage solutions.
The report stated that 38% of the traders were bearish, while 33% were bullish. Twenty three of the trades were puts, for a total amount of $1,120,802, and 37 were calls, for a total amount of $2,168,152.
The trading activity signals that some investors were aiming for a price territory stretching from $480 to $1500 for Super Micro Computer over the recent three months, the report stated. The AI-favorite stock traded at $771.65, up 2.3% just before noon in New York. Read the full story here: Options Corner: Super Micro Computer Sees Smart Money Is Betting Big
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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