3 Tech Stocks to SELL In October

3 Tech Stocks to SELL In October

Posted On October 3, 2019 7:59 pm

As we enter the final quarter of 2019, most companies are getting ready to report earnings. Today, I’d like to discuss three tech stocks that will likely exhibit volatility and profit taking in the coming weeks. Specifically, the three tech stocks to sell are Facebook (NASDAQ:FB), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA).

With these stocks, you may consider waiting on the sidelines if you do not currently have any positions open in FB, NVDA or TSLA. Alternatively, if you already own shares in any of these tech stocks, you may either consider taking some money off the table during this market bounce or hedging your position.

As for hedging strategies, covered calls or put spreads with Nov. 15 expiry could be appropriate. Straight put purchases could be expensive due to heightened volatility. Any short-term decline in these shares may offer better entry points for long-term investors.

With all of that in mind, let’s take a deeper look into these three tech stocks to sell in October:

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