Dec. 25 at 3:24 AM
$SMCX The 3 month
$SMCI downtrend compounded and slaughtered this 2x. If downtrend continues through Jan, we could see low single digits and then r/s. Be careful with calls or puts here. IF SMCX r/s then options become non-standard which have no liquidity and huge spreads. The options may look cheap but in fact are too expensive given the risks.
I've had multiple profitable swings on SMCX this year. But for now it looks completely broken. Needs a sustained uptrend in SMCI to rescue it.
