I opened $SMCI 20240503 1020.0 CALL$  ,SMCI: sold naked call on SMCI with strike price of $1020 and contract duration for 8 days expiring 3rd May. Premium collection is 1.1% for this period. When selling, SMCI was trading at around $780 and since now it’s at $850, the contract is in the red. Nevertheless the strike at $1020 still provide $170 margin since I selected 0.1 delta options for this play. Earnings announcement on the 30th April will provide the uncertainty. Separately I have a cash secured put at $650 expiring same day so that formed a straddle even though I actually entered the trades on separate occasions.