12.5.25 Expired ITM
From bad to worse. Another example of why this Bear exclusively trades paper. The first leg of our Super Micro earnings play, yielded additional losses. With SMCI price closing at $34.65 the 8 Cash Secured Puts that we sold expired in the money. What stings more than buying 800 shares of a stock for $34,144, when they are currently worth $27,720? An unrealized capital loss of $6,424. This is in addition to losing $1,500.12 of the $1,855.66 premium “collected”, from this first leg of the trade. A total loss of $7,924.12 when both legs of the trade expired.
First Leg Expiration Details
Second Leg Expiration Details
Initial Trade Details
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