SMCI options flow: unusual options activity in Super Micro Computer, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 293 unusual options prints in Super Micro Computer, Inc. (SMCI), $17.8M of tracked premium, leaning bullish. Bullish premium was $9.2M against $6.7M bearish; $13.3M went into calls and $4.6M into puts, a put call ratio of 0.34. The largest print was $639K of SMCI 15 Jan 2027 $15 calls on 21 September 2026, swept at ask. The last session with prints, 28 September 2026, added 6 prints and $226K of premium. SMCI closed at $43.26 on 25 September 2026, up 4.2%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | SMCI 15 Jan 2027 $15 calls | Sweep | 242 | 1,882 | $639K | At ask | Bullish | High conviction |
| 23 Sep 2026 | SMCI 15 Jan 2027 $35 puts | Trade | 1,500 | 8,334 | $519K | At bid | Bullish | Notable |
| 23 Sep 2026 | SMCI 15 Dec 2028 $1 calls | Trade | 100 | 3,235 | $409K | At bid | Bearish | Notable |
| 25 Sep 2026 | SMCI 17 Dec 2027 $85 puts | Trade | 55 | 131 | $252K | At ask | Bearish | Notable |
| 25 Sep 2026 | SMCI 21 Jan 2028 $60 calls | Trade | 200 | 6,355 | $235K | At bid | Bearish | |
| 24 Sep 2026 | SMCI 23 Oct 2026 $41 puts | Trade | 622 | 118 | $227K | At bid | Bullish | Notable |
| 24 Sep 2026 | SMCI 20 Nov 2026 $29 calls | Trade | 166 | 540 | $222K | At midpoint | Neutral | |
| 25 Sep 2026 | SMCI 19 Mar 2027 $40 calls | Trade | 199 | 2,369 | $220K | At ask | Bullish | Notable |
| 23 Sep 2026 | SMCI 15 Dec 2028 $1 calls | Sweep | 50 | 3,235 | $206K | At ask | Bullish | Notable |
| 21 Sep 2026 | SMCI 15 Jan 2027 $15 calls | Sweep | 71 | 1,882 | $189K | At ask | Bullish | Notable |
| 22 Sep 2026 | SMCI 20 Nov 2026 $34 calls | Trade | 200 | 1,457 | $185K | At ask | Bullish | Notable |
| 23 Sep 2026 | SMCI 15 Jan 2027 $30 puts | Trade | 1,000 | 11,813 | $184K | At ask | Bearish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 15 Jan 2027 | 40 | $3.4M | 66% | +$1.6M |
| 20 Nov 2026 | 37 | $2.6M | 90% | +$895K |
| 15 Dec 2028 | 31 | $2.1M | 61% | -$387K |
| 16 Oct 2026 | 46 | $2.0M | 83% | -$115K |
| 18 Dec 2026 | 29 | $1.4M | 71% | +$385K |
| 2 Oct 2026 | 23 | $1.0M | 86% | -$152K |
The most premium, $3.4M, is aimed at the 15 Jan 2027 expiry; the nearest expiry with unusual prints is 2 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | SMCI 20 Nov 2026 $25 calls | Sweep | 40 | 838 | $71K | At midpoint | Neutral | Notable |
| 28 Sep 2026 | SMCI 16 Oct 2026 $44 calls | Trade | 200 | 2,466 | $46K | At midpoint | Neutral | |
| 28 Sep 2026 | SMCI 2 Oct 2026 $43 calls | Sweep | 200 | 7,070 | $31K | At bid | Bearish | Notable |
| 28 Sep 2026 | SMCI 21 Jan 2028 $105 calls | Trade | 50 | 10,682 | $27K | At bid | Bearish | |
| 28 Sep 2026 | SMCI 2 Oct 2026 $45 calls | Sweep | 323 | 5,591 | $26K | At bid | Bearish |
Every print in SMCI with its full detail, the live tape, one tap filters and saved screeners: open SMCI in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open SMCI in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 8 firms, have a median of $39, 9.8% below the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Super Micro Computer, Inc.
- Exchange
- Nasdaq
- Sector
- Information Technology
- Industry
- Computer Hardware
- Headquarters
- San Jose, California
- Website
- supermicro.com
Super Micro Computer, Inc. develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, and other accessories. The company provides its products to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets.
In the same sector
Flow pages for other Information Technology names in the S&P 500:
NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for SMCI with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open SMCI in Options Sentiment Screener