Most of my news consumption leading into today's open was actually last night's Asia trading. Motivated by mostly boredom rather than any strategic intent to observe the market, it was illuminating. The two biggest influences on tech sector trading was the comments by Alibaba's chairman on data center oversupply and the White House signaling copper tariffs might come in sooner.

Personally I don't buy the data center oversupply or bubble comments. One of the incredible things about the software industry at large is that most of its participants are quite adept at finding new and interesting ways to use available compute. Similar to the concept of induced demand except without the downward price pressure.

The discussion around copper tariffs don't have a direct link to the technology sector but the sabre-rattling around tariffs ahead of April 2nd is sure to introduce more volatility and fretting.

The early session selloff for the technology sector is not great but beneficial for the covered calls I have open right now, so I'm not too upset about the red on the board.

Log

• Expecting some selling this morning because of the previous three days run up.
• The Asia news yesterday had a lot of discussion about Trump moving up copper tariffs I expected to spook a lot of other investors where there is tariff exposure. The Ali Baba related news about potential oversupply of data centers was sure to shake up the semiconductors today since it started to impact Hong Kong and China trading last night.
• Queued up orders for AMD, AMZN, NVDA, RDDT, SMCI, TSLA put options.
• Not enough interesting movement spotted with RDDT, so canceled that.
• Movement on AMZN and NVDA but I was not able to pick up a specific trend line to pursue.
• Exited AMD and SMCI earlier than I needed to, semi slide! Sometimes it is hard to step out of the way and let options continue to run for longer periods of time.
• My covered calls are looking promising, seeing COST come up which is an interesting counter-signal as capital moves to "safer" investments.
• Made a riskier later in the open bet on TSLA put options, delayed and bought downward momentum close to the end of a leg down. Fortunately was able to buy on a small spike upward to bring my average price (avg px) down in order to catch another smaller down tick for a profit.
• Closed the terminal for the morning.