I like SOXL as it is an ETF in the semiconductor area…the ETF part means less individual stock risk. I am selling the $39 PUT while the STOCK is riding a high of $43. The RSI is above 50 so if it pulls back, I think I will take those shares at $39. This is a nice discount and I see the stock bounce. As always do you due diligence and this is not advice to buy, sell or invest. This is a weekly CSP with a .22 Delta…Meaning My risk is 22% chance that the Stock reaches $39 by Next Friday….78% POP!
Click The image to see the chart!