SMCI: Sold these batch of shares at $40 and took 37.5% capital loss as i accumulated them at $60% right before the accounting issues.
SMCI had moved and tested $60 this last weeks and show signs of bullishness for 3 weeks now ahead of its 10k filing dateline on 25th Feb.
While I took the loss, and might be able to close the loss gap more if I didn't get these covered call assigned, the reversed could be true if SMCI messes up with the filing and stock crashed.
Decided to continue reducing my exposure on SMCI at a paced rate, taking losses when possible.
Still have covered calls at various call points in the next few weeks and there were also in the money so if SMCI stays above $60, then I'll be fully out of all my holdings by end March.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Close | 40.00 | -37.50% Closed |
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