Making matters worse for semiconductor stocks and ETFs is negative sentiment coming from the options markets where traders are betting on more declines for the group.
“Looking to the options market, Stacey Gilbert of Susquehanna said traders are continuing to bet on more pain for semiconductor companies,” reports CNBC. “Specifically, Gilbert said she’s seen at-the-money put buyers on shares of Texas Instruments and NVIDIA, which is more likely to indicate big traders placing outright bearish bets rather than merely hedging existing long positions.”
Market Vectors Semiconductor ETF
