I closed $SMCI STRANGLE 240301

I closed $SMCI STRANGLE 240301 CALL 1010.0/PUT 710.0$ ,SMCI: closed this sold strangle options Strategy with 98% of the maximum premium possible. Options might expire worthless in few hours, but given such volatile stocks, one will not know if there will be some late push to any of the strike price directions. In total, collected $1850 for 8.5 days of contract which will go towards to salvage the short losses on SMCI. SMCI continue its 2nd day of bullishness after 4 days of consolidating lower. It’s still floats above most Moving Averages I tracked and remained bullish bias with even higher prices possible on momentum play.

Trading Order
Symbol	Side	Price	Filled time
SMCI Strangle US1010.0/710.0	Debit Close	0.34	2024-03-0200:25:50

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Comments

Terra Incognita
03-03
Terra Incognita
True to the potential risk of volatile stock, SMCI moved to $1019 after market above my strike price of $1010 on the news of S&P500 inclusion later this Mar. Glad I've already closed this trade to remove this risk.
glkc777
03-04
glkc777
Hang on mate. Have also enter call options to short but was ahead of the curve and margin gotten liquidated by the bullish momentum. Now riding the wave back to recovery.
Tom Chow
03-03
Tom Chow
good
KSR
03-02
KSR
👍

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It’s still floats above most Moving Averages I tracked and remained bullish bias with even higher prices possible on momentum play.</body></html>","htmlText":"<html><head></head><body>I closed <a href=\"https://ttm.financial/OPT/SMCI 20240301 1010.0 CALL BUY 1 | SMCI 20240301 710.0 PUT BUY 1\">$SMCI STRANGLE 240301 CALL 1010.0/PUT 710.0$&nbsp;</a> ,SMCI: closed this sold strangle options Strategy with 98% of the maximum premium possible. Options might expire worthless in few hours, but given such volatile stocks, one will not know if there will be some late push to any of the strike price directions. In total, collected $1850 for 8.5 days of contract which will go towards to salvage the short losses on SMCI. SMCI continue its 2nd day of bullishness after 4 days of consolidating lower. It’s still floats above most Moving Averages I tracked and remained bullish bias with even higher prices possible on momentum play.</body></html>","text":"I closed $SMCI STRANGLE 240301 CALL 1010.0/PUT 710.0$ ,SMCI: closed this sold strangle options Strategy with 98% of the maximum premium possible. Options might expire worthless in few hours, but given such volatile stocks, one will not know if there will be some late push to any of the strike price directions. In total, collected $1850 for 8.5 days of contract which will go towards to salvage the short losses on SMCI. SMCI continue its 2nd day of bullishness after 4 days of consolidating lower. 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Glad I've already closed this trade to remove this risk.&nbsp;","text":"True to the potential risk of volatile stock, SMCI moved to $1019 after market above my strike price of $1010 on the news of S&amp;P500 inclusion later this Mar. Glad I've already closed this trade to remove this risk.&nbsp;","html":"True to the potential risk of volatile stock, SMCI moved to $1019 after market above my strike price of $1010 on the news of S&amp;P500 inclusion later this Mar. 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Have also enter call options to short but was ahead of the curve and margin gotten liquidated by the bullish momentum. Now riding the wave back to recovery.","text":"Hang on mate. Have also enter call options to short but was ahead of the curve and margin gotten liquidated by the bullish momentum. Now riding the wave back to recovery.","html":"Hang on mate. Have also enter call options to short but was ahead of the curve and margin gotten liquidated by the bullish momentum. 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