I opened $SMH 20240802 240.0 PUT$  ,SMH: collect 0.9% premium on this SMH cash secured put with strike at $240 which is 8% lower than current market price. Expiry on 2nd Aug which is 31 days away. The counter is currently consolidating after a bearish engulfing developed on 20th June ANF trades below since then. Will observe whether that forms the top for now and will that stands or another breakout in the horizon.
SMH PUT
07-02 23:14
US20240802 240.0
SidePriceRealized P&L
Sell
Open
2.23--
Closed
VanEck Semiconductor ETF
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  • Interesting strategy
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  • Chungllq
    ·07-03
    Interesting analysis
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