On May 3rd TheOptionPlayer.com executed the Semiconductor Index ETF (NYSE: SMH) June 15th expiration (43-day) option strategy. Today we closed out this trade for an approx. 100% profit. Login in as a Premium Subscriber to view data/images
As confirmed in the chart below, the Semiconductor Index ETF moved jumped higher and attained our target price. The SMH ETF might be near a resistance level and we decided to exit the position to lock in a profit.
The information presented here is for educational and informational purposes only, and this document is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. The analysis provided is based on both technical and fundamental research and is provided "as is" without warranty of any kind, either expressed or implied. Although the information contained is derived from sources which are believed to be reliable, they cannot be guaranteed. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful.