Options Action Chip rebound sparks hedging flurry from traders
Lucian Nemoiu
When it comes to chipmakers, traders are ordering à la carte and shorting the buffet. Put volume more than doubled that of calls Monday morning in the VanEck Semiconductor ETF (SMH) , with more than half of total premiums tied to puts. Of that, more than 10% of the $217 million in premium exchanging hands did so in the 550-puts expiring Aug. 21. That level represents a 7% drop from current levels, showing traders are skeptical of the chip ETF's Monday bounce of more than 5%. Despite the overall
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