SMCI Unusual Options Activity: $1.4M Bullish Call Bet Targets $55 Strike Through December 2027
By TrendSpider Editor
A single unusually large call contract on Super Micro Computer, Inc. has drawn attention Thursday, with a $1,398,600 premium tied to a $55 strike expiring December 2027, signaling a notable long-dated bullish position in the stock. SMCI is currently trading at $47.71, up 0.61% on the session, and si
SMCI Unusual Options Activity: $1.4M Bullish Call Bet Targets $55 Strike Through December 2027
A single unusually large call contract on Super Micro Computer, Inc. has drawn attention Thursday, with a $1,398,600 premium tied to a $55 strike expiring December 2027, signaling a notable long-dated bullish position in the stock. SMCI is currently trading at $47.71, up 0.61% on the session, and sits comfortably within the upper half of its 52-week range of $19.49 to $62.358. The size and tenor of this options trade suggest at least one institutional participant is positioning for a meaningful move higher over the next 18-plus months.
Key Drivers of the SMCI Stock Move
- Main Catalyst: One unusual call contract was flagged today on SMCI with a $55 strike, a December 17, 2027 expiration, a size of 777 contracts, and a total premium of $1,398,600. The contract is out of the money relative to the current price of $47.71, and open interest participation stands at 24%.
- Bull Case: The $55 strike is roughly 15% above the current price of $47.71, and the buyer is willing to pay $1,398,600 in premium for the right to profit above that level by December 2027. The long-dated expiry gives the position substantial time to develop, and at a current price well above the 52-week low of $19.49, SMCI has already demonstrated significant recovery momentum.
- Bear Case: The contract is currently out of the money and carries a 24% open interest ratio, meaning it represents meaningful new positioning rather than a hedge against an existing block. If SMCI fails to reclaim and sustain levels above $55 before expiration, the entire $1,398,600 premium is at risk. The stock remains more than $14 below its 52-week high of $62.358, and any macro or sector-specific headwinds could stall the move required to bring this position into profitability.
The forward setup for SMCI remains closely tied to enterprise AI infrastructure demand and server platform buildouts, where the company has positioned itself as a key hardware beneficiary. The long expiry on today's call suggests the positioning party is not anticipating an immediate catalyst but is instead betting on a sustained re-rating of the stock over the next year and a half. With the stock already more than doubling off its 52-week low of $19.49, the options market appears to be reflecting growing conviction that SMCI's recovery still has room to run, even if the path requires patience. Any developments around AI server contracts, margin recovery, or regulatory clarity could serve as incremental tailwinds for this position.
SMCI Unusual Options Activity
One unusual options contract was flagged on SMCI today. The details are as follows:
- Type: Call | Strike: $55 | Expiry: December 17, 2027 | Volume (Size): 777 contracts | Open Interest Participation: 24% | Position: Out of the money
Total unusual premium on the session came in at $1,398,600 across 1 flagged contract, with all activity concentrated on the call side. No put contracts were flagged today, leaving the unusual flow entirely tilted bullish.
SMCI Seasonality
Early June has historically been a transitional period for technology hardware names, with institutional positioning often picking up ahead of mid-year earnings previews and AI infrastructure spending updates. A long-dated December 2027 expiry sidesteps near-term seasonal noise entirely, suggesting the trader behind this contract is focused on multi-quarter fundamental developments rather than any single seasonal pattern.
SMCI Relative Performance
SMCI is trading at $47.71 today, up 0.61% on the session, and has recovered substantially from its 52-week low of $19.49. However, it remains approximately 23.5% below its 52-week high of $62.358, indicating that while the stock has staged a significant recovery, it has not yet reclaimed peak levels from the past year. The $55 call strike targeted in today's unusual flow sits between the current price and the 52-week high, representing a realistic but still demanding upside threshold for the position to finish in the money.