SMCI Flies on No Bad News, Intel Removes CEO, and Options Volume Follows Both Two of the top trending stocks were making waves in the options market Monday, in part after they were in the news. $SUPER MICRO COMPUTER INC(SMCI)$ climbed 29% intraday after news about its auditing and financial situation came out Monday. The data-center cooling tower firm said its Board of Directors formed a committee that has found no issues but recommended a new CFO. The news is positive for investors watching SMCI face possible delisting after multiple deadline misses to file its Fiscal year report for the period ending in June. $Intel(INTC)$ &
$SUPER MICRO COMPUTER INC(SMCI)$ SMCI's Stellar Run: Time to Lock in Profits? Super Micro Computer (SMCI) has been on a remarkable surge in recent weeks, driven by strong AI demand and positive investor sentiment. The stock has seen significant gains, prompting investors to question whether it's time to take profits or hold on for further upside. Key Factors Driving SMCI's Rally: AI Boom: The growing adoption of AI technologies, particularly in data centers, has boosted demand for high-performance computing solutions, which Super Micro provides. Strong Earnings Reports: The company's recent earnings reports have showcased impressive growth and positive future outlook. Positive Investor Sentiment: Increased investor confi
$SUPER MICRO COMPUTER INC(SMCI)$ Super Micro Shares Surge After External Review Clears Company Super Micro Computer Inc., a leading provider of high-performance server and storage systems, saw its shares surge by 16% in premarket trading following positive news from an external review. A special committee of the company’s board, along with external counsel, conducted a thorough review of its business operations and found no evidence of wrongdoing. This announcement has boosted investor confidence and is a significant step toward stabilizing the company’s reputation and market position. The review’s outcome is particularly important given recent scrutiny surrounding corporate governance and financial transparency in the tech sector. By
SUPER MICRO $SMCI ANNOUNCES COMPLETION OF REVIEW BY INDEPENDENT SPECIAL COMMITTEE “Among its findings, the independent Special Committee determined that the resignation of the Company’s former registered public accounting firm, Ernst & Young LLP (“EY”) and the conclusions EY stated in its resignation letter were not supported by the facts examined in the Review, the Special Committee’s interim findings reported to EY on October 2, 2024, or the Special Committee’s final findings.”
$SUPER MICRO COMPUTER INC(SMCI)$Technically, it has turned around vigorously from the $17 on the daily timeframe with our first target of $43 fast approaching. However, the weekly and monthly timeframes must also turn around, given how quickly the stock has taken off, it will be interesting to observe these patterns take shape and what targets they will lend in the future if and when this happens. For the moment, we expect SMCI to look for $68 within 60 to 90 days.
Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop $SUPER MICRO COMPUTER INC(SMCI)$ experienced a significant drop of nearly 7% on Black Friday, marking another volatile trading session for the server manufacturer. The most actively traded put options were those with a $30 strike price, set to expire on November 29. The total trading volume for these contracts reached 31,360, while the open interest stood at 36,231. As it strives to avoid delisting from the Nasdaq due to delayed financial filings, its stock has become a favored target for day traders. The company's shares have exhibited extreme fluctuations, joining an exclusive group of stocks that have alternated betwee
$SMCI VERTICAL 241227 PUT 25.0/PUT 24.0$ Re enter a position again on SMCI since there is a slight pull back. Maintaining my bullish sentiment on it. @madluvyz - Specialist in using TA to sell options and swing trade.
$SUPER MICRO COMPUTER INC(SMCI)$ $Yieldmax Smci Option Income Strategy Etf(SMCY)$ Supermicro, a leader in server technology, is showing promising signs of recovery and are looking brighter , much to the benefit of its investors. Recently, the company hired BDO, the fifth-largest public accounting firm, to serve as an independent auditor. This partnership bolsters Supermicro’s credibility and significantly improves the company’s ability to file its annual 10-K report promptly. Such an action would also reduce the likelihood of Supermicro being delisted from the Nasdaq, a concern that has been looming over the company. Supermicro’s ability to resolve accounting is