Let’s just say any dreams of nailing the top of NVDA, SMH, or any tech-related stock have been mercifully buried six feet under. Let them take NVDA to $5,000 per share, for all I care. I’m going to focus on stuff that actually looks broken. Like, let’s say, Conoco (COP), the energy giant.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_COP-640x343.jpg)
Well, that’s not quite true. As I’ve mentioned, I’m utterly focused on ETFs this year (the handful of times I have strayed, I have regretted). So I got June $85 puts on XLE instead.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_XLE-640x343.jpg)