Trading Post Monday May 4, 2026

This was a busier day than I had anticipated.

First, tending to the shorts.

I added to my SOXX January 2027 Strike 330 Puts in the $14s.

Even the logarithmic chart looks stretched. What a rally, a true cherry on top of a decade+ explosive run.

The components of the SOXX are below.

I am happy being short every single one of those names at current valuations and at this stage of the cycle.