SMH

0DTE

1MO

Use the expected move for strike selection. Modify later.

Will SMH move up, down, or sideways?

Expiry • May 30

Bullish

Neutral

Range

Bearish

Down

Max Loss

Max Gain

PoP

+210P • May 30

Modify Strikes

Max Loss

Max Gain

PoP

-192P / +210P • May 30

Modify Strikes

Max Loss

Max Gain

PoP

-227.5C / +230C • May 30

Modify Strikes

Next Earnings

after close

Expected Move

Prior earnings moves

Average realized move (1D)

Date	1D Move	EPS	Estimated EPS	Revenue

May 30 Expected Move