$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...

10baggerbamm commented on a stock · Dec 16, 2024 20:43

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ this is day two of the broadcom rally and today micron is having a fire lit underneath it as it goes into earnings on the 18th after the Bell. if Nvidia would wake up and people would stop taking short-term losses, institutions would cover their short positions and NVDA would drive this basket of stocks up to about $34.

I'm going to be selling calls against half of my long position today for a Friday expiration I'm thoroughly confident that if I were to sell calls against the entire position this ETF would be in rally mode and that's because of what's called Murphy's law.. therefore I'm only going to sell calls against half of the position to cover my ass in case Nvidia does have a Santa Claus rally that begins this week.

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10baggerbamm

37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker. R/Everythingstocks

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