Monster insider trading alert for SMCI stock

Core Insights - Super Micro Computer Inc. (SMCI) has experienced a significant decline in stock price following allegations of accounting fraud and other serious issues raised by Hindenburg Research [2][3] - The company's stock reached an all-time high of $118 in March, reflecting a year-to-date increase of 332% and a two-year return of 2,500% before the recent downturn [2] - Following the resignation of the company's auditor, Ernst & Young, SMCI's stock plummeted by 29.38% in a short period, indicating a loss of investor confidence [2][3] Stock Performance - SMCI's stock price fell from $54 to $38 after the initial allegations, marking a nearly 30% drop [2] - As of the latest update, SMCI shares are trading at $33.52, still reflecting a year-to-date increase of 72.08% despite the recent turmoil [2][3] Trading Activity - An anonymous options trader made a significant profit of 3,000% by purchasing 3,000 put contracts at a strike price of $29 when SMCI was trading at $45.36, raising suspicions of insider trading [4][5] - The put contracts were initially bought for $0.05 each and are now valued at $1.55, resulting in a profit of $4,500 from a $150 investment [5][6] Future Outlook - There are indications that SMCI's stock price may continue to decline, potentially increasing the profitability of the aforementioned options trade [6]