SMCI broke the daily consolidation.

8月27日

SMCI broke the tight daily consolidation to the downside today, confirming a short entry at $600 after losing daily demand. I will keep it on watch tomorrow with any weakness in SMH and QQQ for a potential continuation play down to the next daily demand.

8月27日

トレード終了: 利益確定目標に到達

SMCI confirmed the short continuation on the Hindenburg Research report and traded all the way down to the daily lower Bollinger Band, where the trade was closed. I noticed significant weekly $595 put flow yesterday, just prior to the $600 breakdown, which gave additional confidence in this trade.