Terra Incognita
04-20

I opened $SMCI 20240503 650.0 PUT$  ,SMCI: love-hate relationship on this counter. Sold cash secured put on SMCI at $650 which is 0.1 delta and expiring in 14 days on 3rd May. Premium collection is 1.55% during for this duration. The contract was initiated after it had dropped >$100 from $925 to $815 during the 1st hour of market opens. That’s when I sold this cash secured put even lower at $650. The counter continued to drop and at point of writing its already dropped another $65 to the $750 level. Time will tell whether the $650 will be breached. I’m net short on SMCI so I’m happy it’s coming down, just that also understand that’s unpopular opinion for long term supporters of this counter.
SMCI PUT
04-19 22:00
US20240503 650.0
SidePriceRealized P&L
Sell
Open
10.10--
Closed
SUPER MICRO COMPUTER INC
# Trade Feed: Who is your favorite star traders?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet