Options trading strategy: semis ran up more than 80% in the first half and are now giving it back fast with 10% drops in individual names. Chris Vecchio says if SMH loses its one-month moving average, more selling is coming. But Liz points out that a 10% pullback after a 200% run is not necessarily liquidation. The high IV is real, but it was high on the way up too. Chris says the smarter play may be where the capital is flowing: Meta at a 97 IVR as hyperscalers reprice. Plus why the 50% profit rule works across strangles, credit spreads, and iron condors, and why Liz does not use the 200% stop loss framework. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Semis ran up 80% and are crashing back 00:17 Does this feel like liquidation? 00:55 10% pullback after 200% gain is not tha...