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Semiconductor stocks are breaking major resistance levels.

|Includes: AMD, DELL, Intel Corporation (INTC)

INTC, DELL, and AMD are all breaching resistance levels.  Keep an eye on INTC as it breached 15.75, as next stop will be 16.21.  That said, writing the june strike 16 calls against the current underlyig shares will be a good hedge.

DELL is another quiet runner.  I have traded the shares many times in the past and currently hold a position.  DELL's June strike 11 or 12 offer juicy premiums relative to the underlying shares' thus a great hedge.

AMD hs had a fantastic run from a 6 -month support of 3.25/share.  The 3-month chart registers 4.00 as a good support level.