Terra Incognita
04-10

I opened $SMCI 20240419 1020.0 CALL$  ,SMCI: sold naked call on SMCI at revised strike price of $1020 and expiring in 10 days on 19th April. Premium collection during this period is 1.35%. Selected a lower strike at $1020 for better premium collection and that the stock had dropped by $50 from the last few trading days and therefore allowing the margin of safety of about $120 dollars away. For a volatile stock like SMCI, the ATR is already at 83 so 2 strong up days will pretty much will result in losing trade. Nevertheless, I’m still net short on SMCI and this trade is of similar convictions.
SMCI CALL
04-10 00:57
US20240419 1020.0
SidePriceRealized P&L
Sell
Open
13.95--
Closed
SUPER MICRO COMPUTER INC
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  • Hardy Mond
    ·04-10

    For a volatile stock like SMCI, too risky to short..

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