Terra Incognita
04-27
I opened $SMCI 20240503 1020.0 CALL$  ,SMCI: sold naked call on SMCI with strike price of $1020 and contract duration for 8 days expiring 3rd May. Premium collection is 1.1% for this period. When selling, SMCI was trading at around $780 and since now it’s at $850, the contract is in the red. Nevertheless the strike at $1020 still provide $170 margin since I selected 0.1 delta options for this play. Earnings announcement on the 30th April will provide the uncertainty. Separately I have a cash secured put at $650 expiring same day so that formed a straddle even though I actually entered the trades on separate occasions.
Trading Order
SymbolSidePriceFilled time
SMCI CALL
US20240503 1020.0
Sell
Open
11.42024-04-2602:20:25
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