Super Micro Computer ($SMCI) Sees $1.1M in Bullish Options Activity, $600 Call, Implied Volatility at 79

Super Micro Computer ($SMCI) has seen increased trading activity, particularly in options markets, leading to a notable rise in implied volatility. A recent order for $1.1 million in out-of-the-money (OTM) calls was executed above the ask, indicating strong bullish sentiment. Additionally, a buy-write strategy involving the purchase of 100 shares at a current market price of $709 and the sale of a $600 call for July 26 expiry was noted, with an expected net return of $650, reflecting a 79% annualized return. As of July 26, $SMCI's 30-day option implied volatility stands at 79, compared to its 52-week range of 54 to 118. This surge in activity comes amid a broader trend of increased options trading in the semiconductor sector, with other companies also experiencing significant implied volatility changes.