Option Strategies: AMD, SMCI, NVDA, STZ& MU
Hello everyone! Today i want to share some option analysis with you! Hope it can help you！
1.
Closed naked calls on $Micron Technology(MU)$ for profit. Letting naked calls on $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ (90) and $SUPER MICRO COMPUTER INC(SMCI)$ (1100) ride it out into Friday.
Rolled down $Advanced Micro Devices(AMD)$ 175cc to 170cc to capture more premium.
Closed $Constellation(STZ)$ put trade for profit.
2.
Closed out of $Alphabet(GOOGL)$ 160p (for profit) and swapped into $Dell Technologies Inc.(DELL)$ Aug 16 exp 130p. That 130 level on DELL has strong volume support, and MACD on the daily chart looks to be flipping. Picked up extra premium in the swap and reduced DTE on the optionselling position.
3.
Here are our open positions on semi-conductor stocks.
Bought-to-open positions:
- $Advanced Micro Devices(AMD)$ Dec 18 2026 $105 call
- $NVIDIA Corp(NVDA)$ Dec 18 2026 $73 call
- $Intel(INTC)$ Dec 18 2026 $50 call (this one ain't doing so well ... lol)
Sold-to-open positions:
- $Advanced Micro Devices(AMD)$ July 5 2024 $132 covered call (against our LEAPs)
- $Advanced Micro Devices(AMD)$ July 5 $145 naked put
- $Micron Technology(MU)$ Dec 20 $110 cash-secured put
- $Micron Technology(MU)$ July 5 $132 naked call (closed today for profit)
- $NVIDIA Corp(NVDA)$ July 5 $132 covered call (against our LEAPs)
- $NVIDIA Corp(NVDA)$ July 5 $112 naked put
- $NVIDIA Corp(NVDA)$ Dec 20 $95.5 cash-secured put
- $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ Dec 20 $44 cash-secured put
- $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ July 5 $90 naked call
We typically sell weekly poor man's covered calls against our AMD and NVDA leap positions, and then we like to sell puts for DCA reasons and naked calls to pad the premium capture.
We don't intend to hold the sold longer-dated expirations all the way until expiry, but are okay to hold it if we can't find better trades to swap into. We purposely sell strikes we do not mind getting assigned at on those longer-dated expirations.
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https://x.com/Selling4Premium/status/1808666791679570104
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