Long-term outlook for semiconductors are always bullish, however, near/short-term we've seen a lot of volatility from ETF's like $SOXL.
Recommending a near-term straddle. I like the spread on something like the May 20th call @ $23, and May 20th put @ $23.50.
Given that beta is ~3.7 and market sentiment continues to remain mixed, I think this is a great way to take advantage of the volatility.
Recommending a near-term straddle. I like the spread on something like the May 20th call @ $23, and May 20th put @ $23.50.
Given that beta is ~3.7 and market sentiment continues to remain mixed, I think this is a great way to take advantage of the volatility.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.