To The Moon

We've talked about tech stocks as a cover for the financial market, and the stock market will pull back when the Treasury crisis is over. So it is not too surprising that yesterday fell, and the bulls withdrew after their mission was completed. As for whether it is a big callback or a small callback, don't worry about this, the big order arrangement is clear. But I think there's an additional caveat: don't expect too much of a fall. The exercise price is not cheap to choose the depth of the price. The overall tone of tech stocks this year has been higher than expected and lower than expected. $NVIDIA Corp(NVDA)$ sell $NVDA 20230818 355.0 PUT$ I think 350 is a good strike price, right above the 5-week moving average, considering the correction in Meta's stock price after two earnings reports. If you want to short, my advice is to add a leg to the buy put to hedge against time loss. $Advanced Micro Devices(AMD)$ buy $AMD 20230616 115.0 PUT$ sell $AMD 20230616 105.0 PUT$ See below 115 and above 105 by June 16. AMD volatility has always been more intense, and the short-term correction may be larger. $Microsoft(MSFT)$ buy $MSFT 20230818 310.0 PUT$ buy put on one leg, and the expiration date, like Nvidia, is August. The strike price selection 310, that is, on the 10-week average line, the share price correction before the last earnings report was similar.