SMCI: Booking in profits of close to 95% of max premium collected from these covered calls. Expiry was in 1.5 weeks on 15th Aug.
Strike were set at $55 and SMCI fell >20% today on missing both earnings and revenues.
The earnings released on Tuesday 5th Aug aftermarket and it's disappointing with reduced margins and slew of other issues indicating a very competitive pricing among competitors.
The coming quarter forecast also disappoints so it's not only a single quarter issue.
Took the profits on the covered calls and also sold some new ones at lowered strike to adjust to the reality.
The underlying long position took a massive hit with the 20% price drop, but that will be for another posting.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.18 6Lot(s) | +94.85% Closed |
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- Porter Harry·2025-08-07TOPNice timing on the close—locking in 95% before the plunge was sharp risk control. New strikes sound well-adjusted. 🎯📉1Report
- CINDYTAN·2025-08-07[Smile]1Report