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Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
getting paid out the ass all week selling SMCI weeklies - calls 490 or higher, puts 410 or lower, close at >60%. Damn near $5k in 3 days... its ridiculous.
Earnings is next week so its gonna be range bound anyway. And even now an 8DTE ATM strangle (475-470) pays $6370. That's $6.3k for 2 CONTRACTS expiring NEXT Friday. Too easy.. ones gonna be a winner. Accept assignment on the losing side, rinse & repeat.
and YES its naked. F*&% your spread. If you can't afford assignment you shouldn't be shorting options on it in the first place.
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It would only be 1 contract so 100 shares..700 dollar move up from here after it’s already had a pretty parabolic run already up into earnings… seems a little unlikely. I know you’re being hyperbolic. But that is some pretty damn good premium.. I haven’t pulled the trigger on anything yet for next week, still trading on this week !