SIMO
SIMO · Sep 21, 2026
$269.00
Shares
Hold
Price is 78% above our fair value of $151 (range $107–$196, 2 of 4 models). Being this far above our estimate has had no bearing on what the shares did next, 2022–2026.
How we value it ›Prices as of 11:50 PM ET, Sep 21. Check the live quote before you send an order.
The put
Sell
Sell the Oct 16 $250 put. You get $1,215 now. In return you must buy 100 shares at $250 if SIMO falls there by Oct 16.
If it goes against you: you buy 100 shares at $250, which after the $1,215 you keep works out to $237.85 a share. Below $237.85 you are down on the trade. From that day the shares take above is the one that applies.
The order
You get$1,215 (limit about $12.15)
If it fallsBuy 100 shares at $250
Cash to hold$25,000
Close earlyBuy back at about $10.94 ($1,094)
Chance you buy the sharesabout 30 in 100
ContractSIMO Oct 16 $250 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why sell
The put: Oct 16, $250 strike, 25 days out. Pays $1,215. Roughly a 30-in-100 chance you end up buying the shares.
On paper: 71% a year. That number assumes SIMO keeps moving like it did the past two years. Take that away and it is +1% a year. That is why we say sell.
Next earnings Oct 29, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on SIMO you already hold: sell the Oct 16 $340 call and take $335 now. If SIMO climbs to $340 by Oct 16, your 100 shares are sold at $340, so only do it if you're happy selling there.
If it climbs past $340 your 100 shares are sold at $340 and you keep the $335. That is the trade working, not a loss.
The call order
ActionSell to open
ContractSIMO Oct 16 $340 call
You get$335 (limit about $3.35)
If it climbsYour 100 shares sell at $340
Chance your shares are soldabout 14 in 100
After removing the trend-27% a year
First take on SIMO. Result Oct 16. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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