How to protect your position in the semiconductors sector using options, with Brian Stutland , Stutland Equities. Semiconductors are showing tremendous strength relative to the market making higher lows consistently. Option prices got cheaper today and it makes sense to buy some insurance to protect a portfolio. Glad to pay 2% premium for the next 2 months to buy Nov 29/26 put spread so I can stay long the market. Trading a November spread to get protection through the earnings season.