$SUPER MICRO COMPUTER INC(SMCI)$ I just bought some put options today when the stock was around $48. I bought Dec 20th 2024 puts with strike prices of $46,$41 and $31. Last year they reported September on November 1st. I suspect in the next week or two they will issue a news release stating Q1 will be delayed as well. They won't be able to report Q1 until they finalize Q4 from last year. I am thinking when they announce the delay - the stock will fall. If they talk about any accounting issues being identified, or say it will be many more months before they report, the stock will probably tank. When you consider the length of this delay - there is a good chance they have identified a material accounting error and they are probably trying to figure out how large the impact is and if there are any other risk areas.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
