Tech stocks, including those in the S&P 500 Technology Sector SPDR ETF (XLK), are facing challenges in the market. The ETF itself is showing signs of high risk, with indicators like the Percentage Price Oscillator (PPO) signaling potential downside. However, there are opportunities for trades within the ETF, such as Texas Instruments (TXN), which may offer relative value and potential gains.
TXN, a $140 billion market cap company, has seen stagnant growth compared to its competitors. Despite this, the stock has a chart that suggests a potential turnaround, making it an interesting option for traders looking for a possible upside. Buying call options on TXN could provide a way to benefit from any positive movement in the stock without the risk associated with owning shares outright. This strategy offers a controlled risk-reward scenario for traders in the current market environment.

Read more at Barchart: Forget NVDA. This 1 Stronger Tech Stock Can Survive and Thrive in a Selloff. How to Trade It With Options Now.