SMCI: Losing trade management.
collect $180 (1.15%) for these covered calls with strike at $52.
The current sold calls with strike $50 at will be expiring this Fri 1st Aug.
As SMCI trades near $60 now, it's almost certain that it will be in the money by Friday.
Decided to roll out the sold calls by 5 weeks to 29th Aug and increased strike by $2 to $52 as that's the best I could without paying debit for the rolling.
The new trades are still in the money as of now so it will likely be rolled out again at come point near expiry if price continues to sustain higher.
Sold calls are covered so it's only the upside will be capped. Otherwise, happy to play the waiting game and see how high SMCI can go and it's pretty stretched given the recent bullish run up.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.60 3 | -- Closed |
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- Porter Harry·2025-07-30Thanks for sharing!LikeReport