The recent tech correction has presented a delightful opportunity for some of the late tech entry players like myself as the market moves funds from some of these heavy tech names into value laggard stocks which have been battered heavily by the Covid-19 impact.
While we have yet to see a full-blown impact from the rotation (doubt it will happen), Nasdaq100 has just broken its weekly chart of EMA20 before closing the week right above the support.
Like many others who are delighted of such an opportunity, I have been aggressively positioning to take advantage of such recent correction, albeit through a sell put long-dated option which based on my computation, can return me great returns for this year.
As some of you might know, I have been putting my excess war chest in the recent weeks in GME, and thanks to the high implied volatility caused by the...