I opened
$SMCI 20241129 40.0 CALL$ ,
SMCI: clllect 1.2% premium on these covered calls with strike at $40 which is 40% higher than current market price.
Contract expires in 10 days on 29th Nov. SMCI volatility spiked on news of new report filing extension and hiring of new audit firm. Price is up 30% by end of market day.
Took opportunity to cash in on some juicy premium. Not all rosy and the underlying stock is deep in the red for the major price drop since Aug.
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