Pavlo Kot

Strangle option bought on SMH ahead of November, Yuriy Matso notes

Strangle option bought on SMH ahead of November, Yuriy Matso notes
Strangle options bet signals SMH move

A large options trade involving a strangle was executed on SMH, with the bet indicating expectations of significant movement in the ETF into November.

The development was highlighted by Yuriy Matso.

Matso has reported on notable shifts in major markets in recent months. He previously highlighted a 6.6% drop in QQQ over eight sessions. Matso has also tracked energy price movements, noting a rise in the diesel crack spread to $113 a barrel.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.