[Options Premium] High Tech Vol

While I was away, volatility had a moment. And it’s still hanging at pretty high levels, especially in tech stocks.

In the Technology sector ETF $XLK, we’re seeing the highest implied volatility that we’ve experienced all year:

And with the chart of $XLK forming a range…

…this feels like a good opportunity to play for volatility mean reversion.

Here’s the Play:

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