iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) shares experienced unusual options activity on Thursday. The stock price moved down to $431.01 following the option alert.
On CNBC's "Options Action," Tony Zhang said his bullish stance on NVIDIA Corporation (NASDAQ: NVDA) wasn't particularly good on timing so he is taking one more shot.
The iShares PHLX Semiconductor ETF (NASDAQ: SOXX) traded lower by 2.6% on Tuesday morning (although it recovered to end the day slightly positive) and is now down 11% in the past month as a global semiconductor shortage drags on.