KLAC 1

21 oct. 2018

My old friend semiconductors, what a wild ride recently. The unstoppable sector with ridiculous growth rates seems to finally be slowing down. After being hit by the trade war, recent market correction, and the slow painful death of cryptocurrency. Another sector I believe is overly beaten down. Firstly, this another play where I am looking for stocks which have justifiably been hurt by the current global economic status. Semiconductors are currently Wile E Cayote sprinting in mid air about to plummet or turn around a cling for dear life. The entire sector is reliant on very strong Y/Y growth but tensions are high and the number one producer of Smartphones (China, FXI) has entered a bear market (at least in the short term). But even in this iffy climate I see upside. I think current fears are overdone and after LRCX posting excellent results with guidance inline with July reporting I think KLAC rebounds in the short term with higher relative upside compared to the market (QQQ). I am looking to enter KLAC Nov 16 or Dec?? 90/95/100 calls and look to hold for a week (pre earnings profit taking if a run up occurs, or holding a portion of my position through earnings). Will be interesting to see what happens in Semis this quarter.

24 oct. 2018

Note

Averaged in over Monday and Tuesday morning, holding Nov/16 c 90/95

30 oct. 2018

Note

Nice beat, sadly QQQ is keeping us from some really nice returns, up around 60% right now will hold hoping for market rally for the rest of the week, will close at around 100% roi.