Options traders bullish on Super Micro Computer despite recent challenges
Options traders are showing strong bullish sentiment toward Super Micro Computer (SMCI), with a significant skew toward call options. The stock is up 15% following earnings but remains down 49% from its 2023 high. Strong guidance and a recent earnings report have helped shift the narrative, despite a prior 30% drop in March due to smuggling allegations involving Nvidia chips.
Topics: bullish sentiment earnings options trading stock price movement Super Micro Computer