Going long the SMH

Long the SMH feb 18x calls in at .52 There down alittle now. Looking for a bounce at the bottom of this channell on that nice little neck tie strong support and a possible rally tommrow on the pass of the stimulus. I believe market psychology will rally now since at first it seemed we were not going to get it and it is still kind of fishy. Now that we may get it the market I think it will take it as good news and run. Alot of people say the markets drop was over done, but hell who knows. Just find the channell and thats your first step in managing risk.