SMCISuper Micro Computer, Inc. Common Stock
Options Analysis Report•ELECTRONIC COMPUTERS
Market Cap $26.5B|NASDAQ
● 2026-06-09$43.99
BULLISH
Analysis: 2026-06-08 EOD data
1Y +2.0%YTD +42.1%7D -12.3%
Options Vol
157,270
30D
Implied Move
±24.3%
IV Rank
63%
SMCI Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 98.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.94x — IV ≤ HV
Sector Relative≤50%
Sector percentile 94% — above sector median
Term Structure
<1.1xFront/Back 1.11x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 87.4% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 99.8% (ATM 87.4% + spread 6.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 8.59% (spread 6.20% + slippage 2.39%) — high friction
Vega Efficiency
≥5.0Vega efficiency 6.20 (vega 3.846 / spread 6.20%) — acceptable
Sentiment
Bullish or bearish?
6.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +10%, Raw: +12%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +10% (neutral) — Raw: +12%
OI Skew Magnitude
≥15%|OI skew| 6.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +56.3%, OI skew +6.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +7%, ATM: +12%, OTM: +12% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 12% — very bullish vs sector
Activity
Unusual activity?
3.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 6.6% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change -3.8% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 60% — neutral vs sector
Trade Quality
≥30%Large trade volume 32% — institutional presence
Execution Urgency
≥60%Aggressive execution 46% — patient
Flow Conviction
≥30Conviction +10 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 6.2% — wide
Adequate OI
≥10,000OI 2,371,643 — deep
Active Volume
≥500Volume 157,270/day — active
Reasonable Cost
≤$0.50$0.31 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 94% — much wider than sector
Order Book Depth
≥100 contractsDepth 378.3 contracts (bid:218.0 ask:160.3) — adequate
Execution Quality
<1.0%Avg slippage 2.39% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +10.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 99% — seller opportunity
Event Detection
≥10pts kinkIV kink 10.7pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 43.46 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 62 (ITM 20% + inst 32%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV expensive, bullish flow
Long Puts4.4
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV rich premium, bullish flow
Covered Call5.5
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.