Yesterday's bullish options flow is running hot today, with semiconductor names like SOXL and SNDK leading the charge up 10% and 6.5% respectively, while the entire bullish basket averages a clean 4.1% gain across all 15 names. The bearish positioning is proving less reliable, with only 12 of 15 names following through to the downside and losses limited to less than 1% on average, suggesting weak conviction on the short side. The semiconductor strength is clearly the story carrying the market higher.
