I closed $SMCI 20241220 65.0 CALL$ ,SMCI: collected full premium when this covered call expired worthless on 20th Dec. SMCI went as high as $48 during the period on 9th Dec and didn't threaten the $65 strike at all. Safely collect premium while the stock itself is nursing paper losses.
I opened $SMCI 20250124 46.0 CALL$ ,SMCI: collect 2.6% premium on these covered calls at strike $46 which is 43% higher than current market rate. Contracts expire in 37 days on 24th Jan. SMCI remained very volatile after having receded from its recent high of $48 to settle now at $32. I think SMCI will move either way in Feb when they file the reports. Depending on whether have issues or not, this company will rise or crash.