"Negative strangle" on semiconductors (SMH)

Well, seems like everyone has been singing NVDA’s praises today. Two more brokerages and the financial news. It was pretty strong early before settling down in the afternoon. I feel like when everyone is saying it is great, that is a sure sign of a selloff. Of course, what if everyone is right and I’m wrong? It’s a popular stock and every brokerage covers it. I’m sure there will be more positive comments and upward revisions before the 8/23 earnings announcement. I’m still in puts…

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