Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, May 5, 2026.
Brendan McDermid | Reuters
It’s hard to find an AI stock that isn’t hitting new highs on a daily basis.
Maybe that’s why options traders get into it Super microcomputerdata center servers, rose 15% after earnings on Wednesday, but are still 49% below last year’s high.
The stock’s options volumes are trending bullish, with nearly five times more calls than puts traded on Wednesday and call premiums accounting for about 90% of the option value traded.
Three of the largest trades by dollar amount were call buyers, with one trader spending $1.4 million on 2,000 of the 35 strike calls expiring on January 15 next year. The most popular contract was also the 35-strike, which expired on May 8th and saw 22,000 trades. Super Micro hasn’t traded above this level since December.
Super Micro Computer, 1 year
Shares of Super Micro have risen nearly 50% since March, when shares plunged 30% following reports that its co-founder, a manager and a contractor were indicted by the U.S. Attorney’s Office for the Southern District of New York on charges of smuggling Nvidia chips into China. The company itself was not named as a defendant.
Tuesday evening’s results add to the turnaround after the server maker gave strong guidance even though fiscal third-quarter revenue fell short of estimates.
