SMCI: collect 1.55% premium on these covered calls with strike at $45.
Contract expires in 3 weeks on 30th May.
SMCI had a good rally on Tuesday alongside most counters and especially semiconductors and AI counters. News of new investments in the Middle East by Trump and his administration might have added to the bullishness.
There is also an analyst upgrades. Regardless of reason, the chart is the most accurate which is currently showing signs of bullish break out but might still need to break above $40 which in the after hours are trading above the level.
Happy to sell new calls but also wary to at they might be now called away should it continue to rise faster instead of consolidation at these levels.
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- DeltaDrift·05-14Time for some bullish momentumLikeReport