While thumbing through charts, I noticed something curious. I am quite bearish on Super Micro (SMCI) but its price makes it unappealing from a ‘long put” perspective since its options are sky-high.
I already have puts on ARM Holdings (ARM), however, and I couldn’t help but notice how similar the charts were.
A percentage chart confirms this hunch. Indeed, it shows that ARM is quite a bit weaker than SMCI. Thus, my desire to be short SMCI has kind of been fulfilled.
