Is there any stopping semiconductor stocks?

Daily Pit Stop Daily Pit Stop                                                                                                      [fstp, logo, header] March 6, 2024 [ag views, logo, header] Is there any stopping semiconductor stocks? In the old days semis used to be a cyclical business with you know, a business cycle. Nowadays or at least from the year 2023, AI changed all that. I have very smart friends telling me it will be easier to manage and AI data center than people. Computers will write code, drive cars, etc… I thought Tesla Inc (Ticker: TSLA) was on the front of this, and they are but old market leaders bias and slowing China sales are doing them dirty. I have been riding the delta neutral TSLA put and stock since 192.00. I am using it as a loose hedge against some long term call flies. If TSLA goes to $150, trading $175, I get the call flies for a credit but I probably won’t want them. TSLA is the AI story without the chips. Today the Market Vectors SemiConductor ETF (Ticker: SMH) made another all time high. It is showing breakout volatility. [fstp]( SMH 3 month chart with 10 day realized volatility in white, IV30 in red I bought some strangles in OP Mentoring for this product. I will close the upside when Nvidia Corp (Ticker: NVDA) hits $1000. Might help pay for the TSLA flies. - AG  [logo, pit profits] - The Trading Desk - TRD closed a SPY Mar08 513/509 strangle for a 9% gain Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] The Mag 7 is dead Hey Traders! In today's video we'll cover: - The Strange Happenings In The S&P - The Breakup of the MAG 7 - What a Super Tight VIX Curves Means [yt]( [Click here to watch the video!]( - Mark  [fpri] BRICS Trade in Renminbi is Fueling the Gold Breakout Hey Income Hunters, The macro view, although not said much in the US media, is that if China’s economy implodes, the global economy and financial system would implode also. The US would be included in that, especially when you consider this fact. Lehman had an ~$800 billion balance sheet when it collapsed and nearly brought the financial system with it. Meanwhile, China’s balance sheet is $37 trillion … However, as I have been reporting ever since the BRICs expansion last year, China has avoided a repeat of the Asian currency crisis of 1997 by signing deals around the world to trade in their local currency (renminbi). A major crisis would be in the works if China was still exporting goods in exchange for US dollars, which would have created a dollar shortage that would break the global financial system. Instead, we are seeing headlines like the FT article from a week ago … [China’s plan to reshape world trade on its own terms.]( The BRICS expansion to include Saudi Arabia is the single most critical force that is driving the breakout in Gold. [Click through to see why …]( - Bill  [fpip] Learn Your Candlesticks  Hi Shoppers, Not sure if you have noticed but Alphabet Class A (Ticker: GOOGL) has just gotten hammered. It topped out just over $153.78 the day before earnings on January 29th and closed at $132.67 yesterday. That’s almost 14%, a pretty good pounding. So where will this downtrend end? Well, if you know how to read Japanese Candlesticks, which have been around since the early 1700s, you will have an idea of where this trend may end. They work. If they didn’t, we wouldn’t be talking about them almost 300 years later. The candles are the best at signaling a change in the current trend. GOOGL has such a candle created yesterday. As you may already know, I was a pit trader at the CBOE. I left to raise my son until he went to school full time. Then I began trading commodities futures, which was literally buy ‘em or sell ‘em. Well how do you determine that? What direction are they going next? I learned from those old corn, beans, hogs, and cattle traders how to read the charts using the Japanese candlestick method. Now I am applying that chart reading to my options trading here at Option Pit. I believe knowledge of this system is so essential to reading the charts to determine a stock’s direction, that I am going to hold a Candlestick Educational Series of classes. And I will be offering it for almost no cost. Yea, like zero. Stay tuned as it will be coming up, I believe, next week. [Now, let’s take a look at that GOOGL chart.]( - Licia   Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  Bull put spread - A credit spread with a bullish delta where the short put option is more in the money than the long put option. The potential risk is limited to the distance between the spread strikes, less the credit received. Potential reward is also limited. [ftsp] All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now they’re collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Want to change how you receive these emails? You can [Update your preferences]( This email was sent by support@optionpit.com. 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy](