anEck Semiconductor ETF (SMH)

[royg1927]

Thanks, Lisa.

WMT still looks ripe for more southbound if a retrace appears stalling. The April 47.50 puts are now .45 x .55 and .50 last.

Indicators remain bearish: rsi, MACD, Stoch and ADX all in gear.

A possible scenario at this desk has WMT bouncing a bit further early tomorrow as "the market" retraces from today's red, then WMT continuing south. Might get the same puts again at .40. With 3 more weeks in this expiration cycle, and the stock at 47.72, the April 47.50 strike looks okay.

Or not. Always that caveat.