Super Micro Computer Inc (SMCI)

[littlejohn]

Sold puts need the closing price on Friday

expiration to be above the Strike, or

sale price, to collect the Premium

and also retain share ownership...

https://www.barchart.com/stocks/quotes/SMCI/options?expiration=2024-10-25-w&moneyness=20

Contrary, sold calls require closing price

to be below strike at expiration to collect

premium and retain share ownership...

As noted elsewhere, daily volume on the

42.50 put strike for Friday was high...

It implies expectation by the seller for

the price to be above that strike price...

That isn't super bullish but does express

some belief in price support holding

above the strike price...

Call sellers want price to close below their

strike price at expiration to retain shares...

Hedging can be done with call selling or

put selling at opposite price extremes...

Selling Puts requires more capital in an

account than selling calls...

So the big put volume does appear to

represent some big money activity...

General review and not to give any

impressions to pin any hopes on...

peon thesis only...


so we watch...LJ