Super Micro Computer Inc (NASDAQ:SMCI) stock was last seen down 20.7% at $45.43 today, after the server maker's fiscal fourth-quarter earnings and revenue miss. A disappointing annual profit outlook of $33 billion is also weighing, especially compared to the ambitious $40 billion goal the tech name set in February.
Per Reuters, both Super Micro Computer and semiconductor name Advanced Micro Devices (AMD) posted underwhelming results in their artificial intelligence (AI) data center segments, with AMD down 8.8% at last glance.
On the charts, the $46 level, which acted as both pressure and support over the past few months, appears to be containing today's bear gap. The equity has lost its recent support at the 20-day moving average, however, as it heads for its worst day since October 2024. Since the start of 2025, SMCI is still up 51.6%.
Options traders are chiming in, though it's worth noting that the stock has landed on the short sell restricted (SSR) list amid the volatility. So far, 308,000 calls and 196,000 puts have been exchanged, which is triple the overall options volume typically seen at this point. The weekly 8/8 52-strike put is the most popular, followed by the monthly 8/15 49-strike call, with new positions opening at the August 43 put.
Calls have been more popular than usual over the last 10 weeks. SMCI's 50-day call/put volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 85% of readings from the past year.
