SMCISuper Micro Computer, Inc. Common Stock
Options Analysis Report•ELECTRONIC COMPUTERS
Market Cap $17.1B|NASDAQ
● 2026-04-17$28.56
BULLISH
Analysis: 2026-04-16 EOD data
1Y -3.2%YTD -7.8%7D +13.1%
Options Vol
300,475
30D
Implied Move
±23.5%
IV Rank
45%
SMCI Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 99.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.48x — IV ≤ HV
Sector Relative≤50%
Sector percentile 96% — above sector median
Term Structure
<1.1xFront/Back 0.96x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 78.4% — normal range
Spread-Adjusted Value
<80%Effective IV 95.7% (ATM 78.4% + spread 8.7% + bias) — expensive
Execution Efficiency
<3.0%Total drag 12.78% (spread 8.65% + slippage 4.13%) — high friction
Vega Efficiency
≥5.0Vega efficiency 14.30 (vega 12.366 / spread 8.65%) — efficient
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: +9%, Raw: +13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +9% (neutral) — Raw: +13%
OI Skew Magnitude
≥15%|OI skew| 7.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +64.7%, OI skew +7.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 39%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +22%, ATM: -28%, OTM: +26% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 9% — very bullish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 11.6% — 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 +9.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 77% — active vs sector
Trade Quality
≥30%Large trade volume 57% — heavy institutional
Execution Urgency
≥60%Aggressive execution 53% — patient
Flow Conviction
≥30Conviction +9 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 8.7% — wide
Adequate OI
≥10,000OI 2,594,412 — deep
Active Volume
≥500Volume 300,475/day — active
Reasonable Cost
≤$0.50$0.43 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 97% — much wider than sector
Order Book Depth
≥100 contractsDepth 666.9 contracts (bid:361.5 ask:305.4) — deep
Execution Quality
<1.0%Avg slippage 4.13% — poor
Timing
Is now a good time?
7.9
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -4.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 99% — seller opportunity
Event Detection
≥10pts kinkIV kink -5.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1405.27 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 18d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +9% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 87 (ITM 20% + inst 57%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV fair, bullish flow
Covered Call5.0
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.