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.
SMCI Strangle
03-02 00:25
US1010.0/710.0
SidePriceRealized P&L
Debit
Close
0.34--
Closed
SMCI STRANGLE 240301 CALL 1010.0/PUT 710.0
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  • Terra Incognita
    ·03-03
    TOP

    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. 

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  • glkc777
    ·03-04
    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.
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  • Tom Chow
    ·03-03
    good
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  • KSR
    ·03-02
    👍
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