I opened $SMCI 20240517 490.0 PUT$  ,SMCI: undeterred by the sell off on SMCI, I sold another cash secured put on SMCI at $490 which is at 0.05 delta and expiring in 28 days on 17th May. Premium collection is 1.2% for this duration. The contract was initiated after it had dropped >$175 from $925 to $750 just today and its more than 2x the ATR of 80. 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. Actually at $490, I’ll probably be happy to be a holder of SMCI and goes net long. Let’s see.
SMCI PUT
04-20 00:09
US20240517 490.0
SidePriceRealized P&L
Sell
Open
6.05--
Closed
SUPER MICRO COMPUTER INC
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