Selling our PANW and TSM call contracts to manage risk.

Shares of both PANW and TSM are weak today as tech stocks sell off. And given the broad market weakness, both stocks look vulnerable and could have farther to drop.

By selling our call contracts today, we’ll be protecting our capital and freeing up cash that can be used for better opportunities with more predictable trends.

Both names will stay on my watch list for potential setups in the future.