New idea. SMH as an ETF has high enough IV to be worth wheeling, but its Achilles heel is the AI doubters. When rumors happen, it pulls back. But what if you owned a big call on SMH as a LEAPS in case this happens? When you’re assigned SMH, SQQQ must have stepped simultaneously… so assigned SMH = sell SQQQ for a profit to offset any losses.
Thoughts?
Posted by HugeAd5056