I closed 3.0 unit(s)
$SMCI DIAGONAL 250725/250620 CALL 50.0/CALL 45.0$ ,SMCI: trade risk management. Collect 3.4% premium with these covered calls with strike at $50. Contract expires in 5 weeks on 25th July. These covered calls looks set to close in the money when expiry on 20th June with strike of $45.Not willing to let go of the stock yet, decided to close the trade just hours before expiry and while the trade is still in the profit zone. using the credits from selling new covered calls to buy back to expiring contracts while sold fresh ones to extend the trade with higher strike by $5 to $50 to allow more upside movement. As of now, I have few sets of open trades on SMCI with various strike and expiration date.
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