As a group, the semi-conductors sector has been underperforming this year, but signs are pointing to an upward trend declaration soon. This isn't a wildly bullish announcement, but neither do we need to be wildly bullish to make money on a mildly bullish opportunity.
With earnings coming up on July 30 and some significant recent support levels to lean against, we're going to take advantage of the 'earnings premium' being priced in to $KLAC options today.
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