Another Parabolic Short Entry: AVGO via AVSBroadcom Inc.BATS:AVGOBluntForceOptionsThe semiconductor melt-up has officially entered nosebleed territory. Just initiated a position in AVS (Direxion Daily AVGO Bear 1X ETF) to play the mean reversion in Broadcom (AVGO). The data doesn't lie: The Run: Since March 31, AVGO has ripped from an open of $299.39 to a recent high of $429.31. That is a 43% vertical move in 24 days. Extension: We are trading at a massive premium to the 200-week SMA (currently $167.13). The Strategy: I’m skipping the puts on this one. When the chart goes parabolic, IV rank spikes, making option premiums prohibitively expensive. By using AVS, I get clean -1X exposure to the downside without fighting the Greeks or the 100+ IV Rank. Targets: S-1 ($374.01): The initial 23.6% retracement and first major support. S-2 ($323.83): The 38.2% retracement, which aligns with the previous breakout structure. This isn't about fighting the trend; it's about recognizing when the rubber band is stretched to the breaking point. Managing risk with a starter position. Stay tuned! NFA. Please do your own work.