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Topping pattern on SMH with MACD divergence down

Short
VanEck Semiconductor ETF (NASDAQ:SMH)  
AIQ_Systems Updated   
NASDAQ:SMH   VanEck Semiconductor ETF
Support and Resistance Double Top or Bottom Oscillators
8
0
supportandresistance doubletoporbottom oscillator
Been away overseas for last month or so. back at my trading desk now. Topping pattern on SMH with MACD divergence down. Not huge clarity on double/triple top. grabbed Jan 24th expiration 137.5 and 140 puts at .35c and .56c
Comment:
Up 20% and 43% this morning, watching closely to cash out some of these
Comment:
taking a third of each off the table for 20 % and 52% gain
Comment:
well turns out we got 43% and 78% gain on the third sold
Comment:
holding 2/3rds of these still tomorrow morning if decline resumes we'll hold these
Comment:
sold remainder at .15c and .29c
Trade closed: stop reached
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