Get started

SMH

Opening (IRA): SMH October 18th 220 Covered StraddleComments: Third highest 30-day IV (46.1%) on my options highly liquid ETF board behind BITO and TQQQ. There are two different aspects to this trade, the first being the 220 monied covered call with the short call at the -75 delta. I had to route this as two separate trades and got filled for covered call aspect for a 213.35 debit. The same strike short put is at the +21 delta strike, I got filled for a 5.05 credit. Metrics: Buying Power Effect: 428.30 Break Even: 213.35 for the covered call; 214.95 for the short put Max Profit: 6.65 (for the monied covered call) + 5.05 (for the short put) = 11.70 ROC at Max: 2.73% 50% Max: 5.85 ROC at 50% Max: 1.37% Generally speaking, I'll look to take profit at 50% max; otherwise, I'll look to roll out the short straddle as a unit to maintain net delta at or below +50 (100 delta for the shares, -75 for the short call, + 25 for the short put).
NASDAQ:SMHLong
by NaughtyPines
$LRCX Bottom Fishing After ERNASDAQ:LRCX I bought a half size position on the initial earnings pop and I just brought it up to a full size position. I rarely bottom fish a stock but this one sold off hard into earnings and then beat expectations. It really needs to get up and over the 50 DMA (red) and the DT line to prove it is going to run but I like it here and have my stop just below the earnings gap up which makes for a great risk reward trade. I will not lose much if I am wrong. From @TradingView In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp. LRCX stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stock outperforming the market. However, the stock is reversing course with a gain of over 4% in early trading the morning after the company’s earnings report. Is this a temporary lift or a sign that Lam Research may be proving its naysayers wrong?
NASDAQ:LRCXLong
by jaxdog
Focus on demand in semiconductors, NVDA leading the way.While there are minor disputes among smaller semiconductor firms, the real focus should be on demand. NVDA is making tremendous strides in the data center space. My long-term target is around $171, but in the short term, we need a weekly close above $140.76 for confirmation. I'm a buyer near $141, with $136.15 standing out as the most attractive entry point in the support zone. Falling below this level could lead to short-term frustration.
NASDAQ:NVDALong
by Tolgaun6
$QCOM Volatility Contraction Pattern? (VCP)NASDAQ:QCOM has gotten a lot of bad news over the past few months, and it’s share price shows it. However, the chip sector is doing well, and you cannot count QCOM as down and out. After setting a low on August 5th it has now put in a series of higher lows and is tightening up (coiling) which is forming a VCP. I like this technical setup and have an alert set in case the price moves up and over the downtrend line. Note that there seems to be a heavy area of resistance just above the horizontal line area. If I take this as a trade the chart clearly shows where my stop is going to be for a low risk reward trade. All TBD. Here is some news helping NASDAQ:HON but who are they going to for AI solutions? Honeywell International Inc. HON shares are trading higher on Wednesday. The company expanded its collaboration with QUALCOMM Incorporated QCOM to create new AI-enabled solutions for the energy sector. However, there is also concern that NASDAQ:AAPL iPhone sales are not great, and they use QCOM chips. AAPL is also developing their own chips. But QCOM chips are used in the auto industry and many other industries as well.
NASDAQ:QCOMLong
by jaxdog
Semiconductors vs. Nasdaq: Key Indicator of Tech MomentumIntroduction: The ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ serves as a key indicator of tech sector momentum and near-term risk sentiment. When SMH outperforms QQQ, it signals a "risk-on" environment, reflecting strong demand for semiconductors and overall tech sector health. Conversely, if QQQ outperforms SMH, it suggests a "risk-off" environment, pointing to concerns over weakening chip demand. Analysis: Risk Sentiment: The SMH-to-QQQ ratio provides insights into tech momentum. A higher SMH performance often indicates robust chip demand, a positive signal for the broader tech sector. On the other hand, when QQQ outperforms, it signals caution, possibly reflecting waning demand for semiconductors. Bullish Outlook: Recently, the SMH-to-QQQ ratio has formed a higher low, reinforcing a bullish outlook for semiconductors. This higher low is a positive sign not just for the semiconductor industry but for the broader market as well, as semiconductors often lead market rallies. Conclusion: The recent bullish signal in the SMH-to-QQQ ratio suggests tech sector strength, with semiconductors likely leading the way. This is a critical metric for assessing near-term market momentum, so traders should keep a close eye on this ratio to gauge potential shifts in sentiment. What’s your take on this trend? Feel free to share your thoughts in the comments! Charts: (Include relevant charts showing the SMH-to-QQQ ratio and the higher low formation) #Semiconductors #Nasdaq #TechSector #SMH #QQQ #RiskOn
NASDAQ:SMH
by Richtv_official
Bearish Reversal in VanEck Semiconductor ETF (SMH)The NASDAQ:SMH ETF shows a significant price decline, with a recent drop of 5.40%, as highlighted by the red bar. This price action suggests a bearish reversal after hitting a high of 283.07. The current support level is around 200.49, marking an 18.88% drop from the recent high. Additionally, the Darvas Box indicates a range between 247.16 and 283.07, suggesting potential consolidation in this area before the next directional move. The downward trend aligns with overall market corrections in the semiconductor sector, which could present a short opportunity if price breaks below key support levels. Traders should keep an eye on macroeconomic factors influencing this sector, as well as earnings reports that might impact semiconductor stocks. NASDAQ:ASML
NASDAQ:SMHShort
by pvrcharts
SMH maybe forming an island gap reversalSMH lately broke above its downward trend that looked promising as a turning from this long ward slide we have been in. Selling may not be over yet After gapping up into more bullish territory it held for a day, stock gapped back down again Forming an island gap We could see the stock come back down into its original trading territory SPY is currently trading very high at the moment. As SPY contracts we should also see SMH falling as well.
NASDAQ:SMHShort
by ratchet-mint
$AMD in “W” Formation?NASDAQ:AMD looks to be developing a “W” formation, similar to a double bottom. There are quite a few of these formations on charts especially in the “Semis.” AMD stands out to me and looks to have a measured move from the breakout point (top of middle of “W” measured an equal move higher, see chart). The breakout looks to me to be $157.82 for a possible entry. I have an alert set early at $155.25 so I can evaluate an earlier entry. All TBD. The target price looks to be very close to the previous high or about an 18% move. Again, all TBD. If I take this trade, I will update the post. Note, this is “looking” like a setup to me, it is not yet a trade. Thanks for looking.
NASDAQ:AMDLong
by jaxdog
SMH now testing outer boundariesSMH experienced a significant rally and now showing signs of weakness and a potential reversal coming. experienced a short lived false breakout back in Aug 22 We are now back in breakout zone again this time with more candles indicating more bulls coming in than last breakout RSI is now trending flat as price continues to rise, signs of rsi divergence signaling reversal maybe coming Overall SMH looks to be showing weakness in the rally and most likely turning around to sell off soon.
NASDAQ:SMHShort
by ratchet-mint
SMH tests major resistance levelSMH has rallied nicely the past 2 days and now reached major downward resistance level again. This is a crucial area for SMH to break in order for more rallying to continue Resistance defined well during late August ETF now presses up against resistance again Volume declines as resistance is reached. Overall I am expecting a reversal to start forming around here. Figure on SMH testing the level before retracting back down to lower levels again.
NASDAQ:SMHShort
by ratchet-mint
SMH forming a long downward trendSMH failed to make new highs after the last rally and now forming downward trend At the peak of July 10 we have seen a continued decline in SMH overall Latest rally peaked in August 21 coming in much lower than July 10 As SMH gradually sold off it also helped form a strong resistance line painting a long term grim picture We are in late cycle investing at the moment. This is helping solidify that the longer term risk assets have begun SMH is looking like the leader in the tech sell off so far. Recommend preparing your portfolio by rotating out of risk assets over to more defense ETFs
NASDAQ:SMHShort
by ratchet-mint
Is SMCI a buy? SMCI has lagged NVDA and many other semis. Were now approaching a critical area...its make or break! positive Daily divergence provides some hopes that were close to a near term bounce however after today semiconductor selloff the whole complex was shattered. The fact that SMCI remained green while NVDA was down 10% should be a small win in itself... The question is can it hold and build on this? I do think its better positioned for a long than most semis. No confirmed technical breakdown has occurred yet
NASDAQ:SMCI
by Trading-Capital
1