SMCI Reddit Mentions | ChartExchange

You're doing fine. When did you buy it, and why are you looking to sell it (so soon)?
But yes, that 40C is worth the Midpoint price of 17.62 or .63. (If you're selling, you're generally going to get 17.62; if buying, 17.63.)
So you've made 17.62/14.00 = 25%, over whatever time period.
And like u/hv876 said, you can (almost *should*) run a covered call campaign against it. The Poor Man's Covered Call, though technically it's just a Diagonal Call Spread. Look at its P&L graph on [OptionStrat](https://optionstrat.com/vFBHFrk1v1Iq).
The conventional wisdom is to sell Calls 30-45 days out at 30-delta. The link to OptionStrat is set up long your 40C and short the 20Jun56C at 30-delta, which should sell for 2.24.
That would make your ROI: 2.24 / 14.00 = 16%
Over 35 days, that apy's to about 165%.
Nice, right? That's what 95% IV does for option premiums.
Looking at its chart, I can't say I'd be in SMCI right now, but just 6 rounds of selling 35DTE 30-delta CCs would pay for your $14 Call, so SMCI doesn't even really have to go up for you to make money.
I'd just add that the conventional wisdom is to buy Calls at 80-delta. A year out or more is always better, but I often go closer. But ALWAYS at 80-delta. You won't lose liquidity deeper ITM, because the Market Maker has to make a market. So whatever the Bid & Ask show, you can generally count on a fill at Midpoint.
But here's a cool thing you might not be aware of:
You can roll long Calls (calls you own) up and/or out just as you can with short Calls.
So as your calls go deeper ITM, their Delta will go up.
As it does, look in the same expiration to see if you can go up a strike and still be at 80-delta.
If you can, sell the Call you own and buy the next strike up.
If you do that as a "rolling" order, all at one time, you can even do it when you have a short Call being backed by this long Call.
And the Credit you get for that transaction, because it *has* to be a Credit, that's profit you're taking out of that long Call. Use it toward buying another long Call in SMCI, or some other ticker.
And as your Call gets closer in *time*, then maybe you want to roll it back 'out' to a year.
So just wait for its delta to go up, then try to roll to the 80-delta strike in the next expiration out.
So yeah, you're doing fine. But go sell a 30-delta 30-45DTE Call against it.
Buy that back when its value drops to half of what you sold it for. Sell another one.
Of if SMCI goes up, and this is what u/hv876 was referring to, you can look at rolling it "up and out," or just closing the whole trade for a profit (sell the long Call and buy back the short Call in one order).
Have fun!