Call the COPs

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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.

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.