I opened $SMCI 20240906 475.0 PUT$  ,SMCI: collect 0.95% premium for this cash secured put with strike at $475 around 0.1 delta. SMCI is down close to 8% today and the strike is another 16% away and near the most recent swing low pivot from current market rate, hopefully this provide some level of support. All semi counters especially SMCI should be impacted by Nvdia earnings this Wed 28th Aug after market so I’ll see how to adjust the trade if necessary.
SMCI PUT
08-26 23:19
US20240906 475.0
SidePriceRealized P&L
Sell
Open
4.70-1,731.06%
Holding
SUPER MICRO COMPUTER INC
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  • Didn’t age very well 😅 shorts position by Hindenburg.
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    • SPACE ROCKET
      Wthell right lol. I think SMCI will do well long term after all the dust settles.
      08-28
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  • Nice premium, good risk management! [Smart]
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  • 股勇者
    ·08-27
    475 is risky...
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  • KSR
    ·08-27
    👍
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  • Tzitxuan
    ·08-27
    👍
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