NVDA, Semi-Conductors Continued Weakness

It was previously discussed that Semi-conductors was showing weakness and AMD's daily candle momentum switched to sell-short. With the fed continue to discuss tightening monetary policy, rising interest rates, and inflation talks, we should expect a follow through to the downside. NVDA has a gap at 198-199 that is < 5% from filing, however this is not a favorable market for directional put options. The price action from the past month shows we are ultimately in a down trend, but there can be large dead cat bounces along the way. Puts should be used to hedge the account, however this environment is better to be risk off.