Long Puts on Tech is a Consideration

Tom Gentile

Posted in Daily Report

By: Tom Gentile on January 18th, 2022 • 2 mins read

Rising Rates Causing Equities to Drop

The yield on the 2-year Treasury which is seen as a gauge of where the Fed will set short-term borrowing rates, traded above 1% for the first time since February of 2020 and this has caused a drop in equities.

Where Put Activity is Right Now

Tech got hammered today and the tech heavy NASDAQ closed down 2.6% on the day, which sees it now trading at its lowest level in 3 months.

If you see more downside coming in tech then a look at the Unusually High Put Option Volume may be a place to start looking for long put opportunities.

App: Toms Option Tools

Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.

Other times I will have other charts may work to amplify my educational points. 

Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.

Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.