On April 3rd TheOptionPlayer.com executed a Semiconductor Index ETF (NYSE: SMH) short-term (18-day) option spread option trade. Today we closed out part of the spread. Confirmation information is displayed below. Login with a Premium Subscription to view data/images
In the updated chart below you can see the Semiconductor Index ETF is in a recovery bounce. This trade was a “hedge” against another downside move in technology stocks. We are taking advantage of the opportunity to close out part of the position and expect the remaining put options to expire worthless.
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