CRM
Salesforce, Inc.
stockNYSE

Those are not the same scenario lol. Most saas were enterprise software giants like Microsoft, CRM, Intuit...They are cash flow positive and PE was <20 when they were crashing.

CRM calls

Rough week. After the midterms the AI trade cracked on Thursday (S&P -4.4%, Nasdaq -5.5%) and the VIX went from 19 to around 28. My tech side took the hit: the XLK put got tested, so I rolled it far out and down (Jun 160) and moved the call all the way down for a credit. INTC dropped further to $56, rolled the call down to 65 and the put a year out, it’s an inverted strangle now. Also rolled URA twice and made my XLE call ratio risk free, then added a put ratio there. Book now: net liq $42.6k, BP usage 41.3%, βΔ +18, theta +$60/day, open P/L +$3,881, YTD -$1,945. CRM and GDX carried the week, IGV and XLE in the red. Same lesson again, everything tech moves together. GDX, corn and VIX calls held up. How did you handle Thursday? Did you roll anything or just sit through it?

What I notice is like when the semi stocks (eg MU, SNDK) are down, the software stocks are up (eg NOW, CRM).

CRM chart actually looks solid tbh