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VanEck Semiconductor ETF

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SMH trade ideas

Opening (IRA): SMH October 18th 220 Covered StraddleComments: Third highest 30-day IV (46.1%) on my options highly liquid ETF board behind BITO and TQQQ. There are two different aspects to this trade, the first being the 220 monied covered call with the short call at the -75 delta. I had to route this as two separate trades and got filled for covered call aspect for a 213.35 debit. The same strike short put is at the +21 delta strike, I got filled for a 5.05 credit. Metrics: Buying Power Effect: 428.30 Break Even: 213.35 for the covered call; 214.95 for the short put Max Profit: 6.65 (for the monied covered call) + 5.05 (for the short put) = 11.70 ROC at Max: 2.73% 50% Max: 5.85 ROC at 50% Max: 1.37% Generally speaking, I'll look to take profit at 50% max; otherwise, I'll look to roll out the short straddle as a unit to maintain net delta at or below +50 (100 delta for the shares, -75 for the short call, + 25 for the short put).
NASDAQ:SMHLong
by NaughtyPines
Semiconductors vs. Nasdaq: Key Indicator of Tech MomentumIntroduction: The ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ serves as a key indicator of tech sector momentum and near-term risk sentiment. When SMH outperforms QQQ, it signals a "risk-on" environment, reflecting strong demand for semiconductors and overall tech sector health. Conversely, if QQQ outperforms SMH, it suggests a "risk-off" environment, pointing to concerns over weakening chip demand. Analysis: Risk Sentiment: The SMH-to-QQQ ratio provides insights into tech momentum. A higher SMH performance often indicates robust chip demand, a positive signal for the broader tech sector. On the other hand, when QQQ outperforms, it signals caution, possibly reflecting waning demand for semiconductors. Bullish Outlook: Recently, the SMH-to-QQQ ratio has formed a higher low, reinforcing a bullish outlook for semiconductors. This higher low is a positive sign not just for the semiconductor industry but for the broader market as well, as semiconductors often lead market rallies. Conclusion: The recent bullish signal in the SMH-to-QQQ ratio suggests tech sector strength, with semiconductors likely leading the way. This is a critical metric for assessing near-term market momentum, so traders should keep a close eye on this ratio to gauge potential shifts in sentiment. What’s your take on this trend? Feel free to share your thoughts in the comments! Charts: (Include relevant charts showing the SMH-to-QQQ ratio and the higher low formation) #Semiconductors #Nasdaq #TechSector #SMH #QQQ #RiskOn
NASDAQ:SMH
by Richtv_official
Bearish Reversal in VanEck Semiconductor ETF (SMH)The NASDAQ:SMH ETF shows a significant price decline, with a recent drop of 5.40%, as highlighted by the red bar. This price action suggests a bearish reversal after hitting a high of 283.07. The current support level is around 200.49, marking an 18.88% drop from the recent high. Additionally, the Darvas Box indicates a range between 247.16 and 283.07, suggesting potential consolidation in this area before the next directional move. The downward trend aligns with overall market corrections in the semiconductor sector, which could present a short opportunity if price breaks below key support levels. Traders should keep an eye on macroeconomic factors influencing this sector, as well as earnings reports that might impact semiconductor stocks. NASDAQ:ASML
NASDAQ:SMHShort
by pvrcharts
SMH shows long term signs of troubleSMH fails to make new highs since July peak going into sideways trend. This paints a picture of a long term reversal to bear side coming Comparing OBV trend with the March and July peak, we see that OBV diverges downwards while price continues indicating reversal After severe sell off in August, we see that price trends sideways failing to make new highs The sideways trend is during a typical rough time of the year, so weakness and volatility is expected Nov and Dec normally bring in strong rallies We could be simply looking at a pullback in time as ETF takes a breather from July peak, before rallying continues. The other alternative is that this may be distribution phase of a high risk sector preparing for a huge sell off.
NASDAQ:SMH
by ratchet-mint
1
SMH maybe forming an island gap reversalSMH lately broke above its downward trend that looked promising as a turning from this long ward slide we have been in. Selling may not be over yet After gapping up into more bullish territory it held for a day, stock gapped back down again Forming an island gap We could see the stock come back down into its original trading territory SPY is currently trading very high at the moment. As SPY contracts we should also see SMH falling as well.
NASDAQ:SMHShort
by ratchet-mint
$SMH Wedging Here – It Can Break Either WayI have been long NASDAQ:SMH for months and have been up as much as 18%. I have given a lot of that back and am now watching this chart very closely. I did hang in for that 29% drop (shown on chart) and felt it was a shake-out. It started recovering nicely but dipped again. The only positive thing I can say about this chart is that it has managed to put in a higher low (but has it?). I am watching this wedging pattern and looking for it to break either way. My bias since I am long is to break up and out. But I am prepared for a breakdown as well. I have an alert on both the upper and lower trendlines. Should it break up, I will add to my position and should it breakdown I am ready to sell my position and consider shorting. All TBD. Thanks for checking it out. Comments always welcome.
NASDAQ:SMH
by jaxdog
2
SMH now testing outer boundariesSMH experienced a significant rally and now showing signs of weakness and a potential reversal coming. experienced a short lived false breakout back in Aug 22 We are now back in breakout zone again this time with more candles indicating more bulls coming in than last breakout RSI is now trending flat as price continues to rise, signs of rsi divergence signaling reversal maybe coming Overall SMH looks to be showing weakness in the rally and most likely turning around to sell off soon.
NASDAQ:SMHShort
by ratchet-mint
SMH - Flerting with 200MA and H&S The chart has formed a Head & Shoulders pattern following a double top, which needs to be invalidated to avoid further downside pressure. That’s what the bulls are attempting to achieve, but the question remains: will they succeed? Additionally, we are frequently testing the 200MA, a key long-term support level. From a macroeconomic perspective, a recession seems likely, and in such a scenario, maintaining bullish momentum would be difficult. In my view, we’ve now entered the bearish phase of the market, even for semiconductors.
NASDAQ:SMHShort
by PedroNegreiros
SMH tests major resistance levelSMH has rallied nicely the past 2 days and now reached major downward resistance level again. This is a crucial area for SMH to break in order for more rallying to continue Resistance defined well during late August ETF now presses up against resistance again Volume declines as resistance is reached. Overall I am expecting a reversal to start forming around here. Figure on SMH testing the level before retracting back down to lower levels again.
NASDAQ:SMHShort
by ratchet-mint
SMH forming a long downward trendSMH failed to make new highs after the last rally and now forming downward trend At the peak of July 10 we have seen a continued decline in SMH overall Latest rally peaked in August 21 coming in much lower than July 10 As SMH gradually sold off it also helped form a strong resistance line painting a long term grim picture We are in late cycle investing at the moment. This is helping solidify that the longer term risk assets have begun SMH is looking like the leader in the tech sell off so far. Recommend preparing your portfolio by rotating out of risk assets over to more defense ETFs
NASDAQ:SMHShort
by ratchet-mint
$SMH - Can 200DMA save it?NASDAQ:SMH On August 12, I posted that SMH could be forming a head and shoulders pattern. Fast forward to today, it is close to forming the right shoulder. However, can the 200DMA, which has previously provided support, save it from breaking down? It remains to be seen. Like any pattern, a Head and Shoulders can be invalidated if it fails to break down below the neckline. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NASDAQ:SMH
by PaperBozz