Buying KLAC call contracts.
KLA Corp. (KLAC) is a semiconductor equipment company that helps manufacturers monitor their production processes and diagnose issues with chips being made. This service is highly valuable, especially in today’s market that features high demand for computer chips.
The selloff for tech names hasn’t put much pressure on KLAC. In other words, the stock is outperforming tech peers. This makes the stock even more attractive as buyers step back into this oversold market.