When the semiconductors come crashing down to earth there will be some huge gains on silver platters for those brave enough to take a shot while the group is soaring, day after day. I posted to the PRO group earlier this morning, chronicling my CAR short @ $600 on Monday. It went higher on Tuesday and Wednesday, touching $775, then came crashing down on Thursday. I made just shy of 300% on my CAR puts and suggested that the same kind of short is setting up in semiconductors. We got burned once buying SOXS calls, so I hesitate to recommend it again, but if I were, it would be 55 days out via Jun out-of-the-money calls and if those calls were cheaper in a week, I'd buy more. Rinse, repeat, over the next two-to-three weeks. Then, sit back and watch the semiconductors, "correct." CAR Daily Easy come, easy go; dropped over six-hundred dollars from Wednesday to Friday. SMH Daily SOXS Daily SOXS Jun Calls If I was of a mind to recommend SOXS calls, the Jun 18th $20C would be on my radar, in fact it is, with an initial purchase now and I would be willing to dollar cost average if the calls get any cheaper next week. SOXS Target: 25-40 before Jun expiration.
