Super Micro Computer (SMCI) shares rallied 6% on April 10 as traders piled into call options at nearly twice the average volume. The stock's 30-day implied volatility of 87% signals expectations of significant price movement ahead.
While call volume dominates, put-call skew reveals lingering demand for downside protection. Analysts project a 103.2% year-over-year EPS jump to $0.63 for the current quarter, with full-year estimates pointing to 30.9% growth.
The AI server manufacturer's shares remain down 21% year-to-date despite the recent bounce. Market participants appear to be positioning for either a breakout or increased volatility in coming weeks.
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