Not sure how I feel about this one. Little disappointed in myself for chasing puts after break of the china ban news seeing as how it 'could' be a possible dip play but, we'll have to see how people's emotions line up with the Trump / China tariffs come Friday. Island gap up & now back down, so I'm expecting another little bounce back maybe to get a final fill around $57 or so. With 20 EMA
crossing back below the 45, we should be getting to the low / bounce-position. From bear perspective, I wouldn't mind a doji
break of support just to call it a day & give the bulls one last run before a final breakout / breakdown of the semi( ish
) ascending wedge
/ channel. Short-term neutral, long-term bearish
. Might be of some people's interest though - you can check out optionsonar.com & get alerts for big $ alerts on option puts / calls. I've gotten at least 3-4 over past week or so for $SMH &, until tonight, didn't realize $SMH a semi-conductor ETF
. But GL to everyone with a position!