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Barchart

Mark R. Hake, CFA

Super Micro Computer Stock Tumbles, But Investors are Piling into Its Call Options - Time to Buy SMCI?

SMCI Super Micro Computer Barchart

Super Micro Computer, Inc. (SMCI) delivered disappointing quarterly results (for its fiscal Q1 ending Sept. 30) on Nov. 4. SMCI stock has tanked, as investors lost faith in this AI server company. However, large and unusual call option activity in SMCI may indicate that it may be time to buy.

SMCI is at $30.55 in morning trading on Dec. 24. That's well off its Oct. 8 closing peak of $58.68 (-48%) and pre-earnings price of $50.75 on Nov.3 (i.e., down 40%). So, has it been overdone? Today's call option activity may imply that's the case.

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