Terra Incognita
05-29

I opened $SMH 20240628 230.0 PUT$  ,SMH: collect 0.85% premium for VanEck Semiconductor ETF on this covered put with target strike at $230 and expiring in 31 days on 28th June. I have several positions on SMH shorts and look to cover them should the ETF have reversals in the coming weeks. Currently most semiconductor counters were beneficiary of the AI tailwind and creating all time highs. Though the ETF looks extended and overbought, it could still continue to move higher on very positive Nvidia earnings and forecast and bring everyone along the ride.
SMH PUT
05-28 22:02
US20240628 230.0
SidePriceRealized P&L
Sell
Open
2.03--
Closed
VanEck Semiconductor ETF
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