SMCI: collected premium in full when the covered calls expired worthless on 8th Nov.
The stock dived off the cliff to close at <$25 making these calls easy money. The underlying stock suffered catastrophic drop in value which is the negative points when doing wheel strategy with poor choice of stock. SMCI auditor EY resigned and earnings showed missing revenue target. Lots of pain going ahead.
| Side | Price | Realized P&L |
|---|---|---|
| Buy Close | 0.00 | +100.00% Closed |
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- kookz·11-10TOPIt's great you collected that premium, but that drop sounds pretty brutal.1Report