After its 250% rally over the past 21 trading days, Super Micro (SMCI) is... umm... red!

It's been up 18 of those 21 days with the biggest daily decline being 0.6%, so this is notable. SMCI is back below $900 (from $1080 highs)

And it's 0-DTE options traders that are suddenly reversing. They started by aggressively selling calls and are now piling into puts...

<a href="https://dashboard.spotgamma.com/hiro?sym=SMCI">Source: SpotGamma</a>

All of which, <a href="https://www.zerohedge.com/markets/24-trillion-options-expire-friday-sending-dealer-gamma-crashing-90-what-means-stocks">pro subs were warned about here</a>, as today's $2.4 trillion OpEx means 90% of dealer gamma evaporates and the market can 'unclench'.

...0-DTE traders are dumping their calls...
{ai:summary}Stock rally for Super Micro turns red after a 250% surge. Options traders switch from selling calls to buying puts. #economy

Super Micro Meltdown As 3rd Leg Of Market Melt-Up Stool Breaks

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