🔴 SMCY is trading 3.03% down today as SMCI shares fall

SMCY is trading at $4.25, down -3.03%, with pre-market weakness attributed to falling SMCI shares and softer AI and chip sentiment.

• The fund’s strategy is tied to SMCI through options, rather than direct share ownership.
• Broader risk sentiment weakened, with the Nasdaq Composite down 1.47% and the S&P 500 down 0.81%.
• No separate SMCY-specific catalyst clearly explains the decline.