SMH

0DTE

1MO

Use the expected move for strike selection. Modify later.

Will SMH move up, down, or sideways?

Expiry • Jul 11

Bullish

Neutral

Range

Bearish

Down

Max Loss

Max Gain

PoP

+237.5P / -240P / -275C / +277.5C • Jul 11

Modify Strikes

Max Loss

Max Gain

PoP

+240P / -257.5C / -257.5P / +275C • Jul 11

Modify Strikes

Next Earnings

after close

Expected Move

Prior earnings moves

Average realized move (1D)

Date	1D Move	EPS	Estimated EPS	Revenue

Jul 11 Expected Move