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Options traders ramp up bets against chips with huge put trades in Micron and Nvidia

Bearish traders piled into semiconductor options on Friday, buying 129,000 SMH put contracts versus far fewer calls, pushing the put-to-call open interest ratio to 1.95, its highest since mid-August. In Nvidia, a single trader bought 100,000 180-strike January puts for $21 million, a speculative bet