Investors urged to avoid chasing semiconductor stocks at peaks; wait for dips near support levels for safer buys.

Put options on semiconductor ETF SMH hit record high amid rally, signaling cautious hedging by traders.

Put option open interest on the VanEck Semiconductor ETF (SMH) has surged to nearly 1.7 million contracts, the highest since the fund's 2011 launch, as semiconductor stocks rally strongly. This rise in puts, along with increased implied volatility ne...