Semis

I bought $235 strike calls for August. I might get more strikes. I wanted $225 to $230, but the market popped this morning and I don't think it's going back down. I will add on a dip of possible. My trading strategy is like card counting at the casino: make bets based on where the market appears to be going. There are far better ways to trade this, and far less risky ways. But I post these because I don't make far OTM trades unless I'm rather confident on success. The XLC has not panned out, but biotech and oil did this month, and my gains far outweigh my losses on the XLC trade.

Here are some likely price targets for SMH. My red horizontals and price gaps are potential areas where a rally will die. Happy hunting.