How to hedge some big tech gains going into the market uncertainty next week

Given the uncertainty surrounding the election next week and some mixed mega-cap technology earnings this week, I want to book some 2024 chip stock profits. I want to hedge my exposure by owning put options in the high-flying VanEck Semiconductor ETF . SMH YTD mountain VanEck Semiconductor ETF, YTD Risk can happen fast. The S & P 500 and the Nasdaq 100 suffered their worst days since early September on Thursday on heavy volume. The Cboe Volatility Index jumped above the 23 level.

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