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Bullish play with a target stock price of $270

Strategy has +360% upside potential and 23% undervalued

30-day Implied Volatility (IV30) Climbs to its Highest Mark in 2 months

SMH Vaneck Semiconductor ETF239.09-1.36 (-0.6%)

The IV30 rose to 38.8, the highest level since Nov 1, 2024 when it reached 38.8. Stock Option traders are pricing in an average daily move of ±2.4%. The 52-Week historical volatility is 33.2 with an average daily move of ±2.1%. View Implied Vol
30-Day Downside Put Protection goes to its Highest Mark in 2 months

SMH Vaneck Semiconductor ETF238.50-1.95 (-0.8%)

The cost to protect downside risk climbed to 4.3%, the highest level since Nov 1, 2024 when it was at 4.2%. The 52-Week average is 3.5% and the 52-Week range is 2.7% - 6.4%.

Bearish play with a target stock price of $220

Strategy has +338% upside potential and 20% undervalued

$SMH positive imbalance of 257 K option volume delta...indicating traderes are more bullish on the stock
Unusual Option Volume

SMH Vaneck Semiconductor ETF239.14+3.33 (+1.4%)

Vaneck Semiconductor ETF trades 122,793 contracts.