Supermicro Update

It's up nearly 40% after hours.

Nice Timing Today

In a post earlier today, we flipped our neutral options trade on Super Micro Computer (SMCI 0.00%↑), also known as “Supermicro”, to bullish and we also bought some more shares of the stock.

Looks like it was good timing on our part, as the stock spiked nearly 40% after hours Monday, after news broke that Supermicro had hired a new auditor.

So we’re on pace for a ~113% gain on our options trade on SMCI expiring this week.

We also have an options trade on the stock expiring in August, that has a potential upside of about 560%. That was the bonus, contrarian trade in the post below.

Going forward, though, I’d like to put us in positions where we can make even bigger percentage gains when we get trades like these right.

If You Are Concerned About Market Risk

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