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🟢 $SMH — The semiconductor ETF had an intense afternoon move. 395C May 15: $8.43M above the ask, 3,936 contracts. Then: $2.75M mid (1,267 contracts), $2.08M ask (982 contracts), $1.25M above ask (586 contracts). Total $14.5M into one strike, all on the ask or above. This is a classic institutional sweep, lifting every offer in the book. Total SMH: $22.9M calls vs $5.3M puts. P/C: 0.23. Interesting: SMH calls are bullish while $TSM sees $33.5M in puts. Smart money is long domestic/diversified semis, short geopolitical risk. NFA. #wavervanir #volanx #SMH #semiconductors #optionsflow

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