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[Options Premium] High Tech Vol

By Sean McLaughlin

July 23, 2024
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While I was away, volatility had a moment. And it's still hanging at pretty high levels, especially in tech stocks.

In the Technology sector ETF $XLK, we're seeing the highest implied volatility that we've experienced all year:

And with the chart of $XLK forming a range...

...this feels like a good opportunity to play for volatility mean reversion.

Here's the Play:

 

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Sean McLaughlin

Chief Options Strategist, All Star Charts

Since 2018, Sean has served the financial community as Chief Options Strategist for All Star Charts, sharing his unique style of options trading, leveraging the best-in-class technical analysis offered by the All Star Charts research team.

In all endeavors, Sean has been consistent in building a support system around himself and for others that he wishes he had when he started out back in 1998.

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