Opening (IRA): SMH September 19th 260 Covered Call... for a 253.21 debit.
Comments: One of the higher IV ETF's at the top of my board. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Break Even/Buying Power Effect: 253.21
Max Profit: 6.79
Related funds
SMH Bullish Setup – Breakout Plan for the Perfect Heist!🔥🚀 THIEF TRADER ALERT: SMH BULLISH HEIST PLAN! 🚀🔥
Asset: VANECK SEMICONDUCTOR ETF (SMH)
Plan: BULLISH BREAKOUT HEIST 🎯 (Resistance wall breakout candle close above 298.00)
🎯 THIEF ENTRY STRATEGY (LAYERING METHOD) 🎯
"Steal the dip like a PRO!" 💰🔪
Multiple Limit Orders (Layer Entry) 👇
1st Layer: 298
$NVDA Dominance to 65%: Trajectory is right path might be bumpy.First, I have to say its good to be back among friends after a summer break. A lot has happened in the meantime. In the TradFi and Crypto Markets stuffs are making ATH, and we are in a full-fledged bull market which is third year in the making. History is in favor of us. So, let’s look at the stuffs
Bearish DivergencesWe could be running out of steam here. This to me looks like the final leg of the grand supercycle in semis. Bearish divergences on the RSI and a final 5th wave move up. If we reach $300 I’d expect a rejection and possible roll over. Keep an eye on this, retail are loading up but the charts don’t su
$SMH / $QQQ: Ratio below ATH; Still more room for upside It’s the semis which are the hallmark of a cyclical bull market. It is always the Semis which indicate the start of a bull market and the first to fold over towards the end of a cyclical bull market. Hence the outperformance of Semis as a momentum sector is important from a symbolism perspective and
$SMH and $NVDA Dominance: Some more room to run for bothWith NASDAQ:NVDA and NASDAQ:SMH above their respective ATH the focus returns to the fact how far we can expect for both to outperform and make new highs. In this Blog we floated the idea of NASDAQ:NVDA dominance. This indicates the % of return / price movement in NASDAQ:SMH contributed by
Opening (IRA): SMH August 15th 215 Short Put... for a 2.50 credit.
Comments: A starter position in the semiconductor ETF on a smidge of weakness here, targeting the strike paying around 1% of the strike price in credit.
Will generally look to add at intervals if I can get it at a strike better than what I currently have on.
Semiconductors into MAJOR resistanceAs you can see from this weekly chart, the semiconductors have tried three different times to get above this trend line and have gotten rejected all three times. Could it go higher from here? Of course it could, but you have to ask yourself what are the probabilities that it will continue to go up t
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Displays a symbol's price movements over previous years to identify recurring trends.
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No, SMHC doesn't pay dividends to its holders.