What should I buy puts on in a tech sell off

Given your interest in tech stocks and the current market conditions, it's prudent to consider potential risks and opportunities. Here are some insights on tech stocks and the current market environment:

1. Market Sentiment: The tech sector is under pressure, with significant sell-off risks. Citi's Montagu and other analysts have highlighted the potential for a selloff in tech stocks due to extended investor positioning on the bullish side.
2. Recent Trends: The Nasdaq-100 Technology Sector index has seen a 9% decline since July 10, and individual stocks like Nvidia have experienced a 17% drop since early July. This suggests a broader market trend of selling pressure in tech stocks.
3. Investor Moves: Prominent investors like Bill Ackman, David Tepper, and Daniel Loeb's hedge funds have trimmed their stakes in major tech companies like Alphabet and Meta, indicating a lack of confidence in their short-term performance.
4. Company-Specific Issues: Intel's stock has tumbled after reporting a wider-than-expected loss and a $10 billion cost-saving plan, which could be a cautionary tale for other tech companies facing similar challenges.
5. Bright Spots: Despite the overall sell-off, some hedge funds have increased their holdings in AI chipmaker Nvidia and Alphabet's cloud business shows promise. These companies may offer opportunities in the midst of the sell-off.
6. Investment Strategy: Given the current market dynamics, if you want to consider puts as a hedging strategy, focus on tech stocks that are particularly vulnerable to the market downturn or have specific operational challenges. This could include stocks like Alphabet, Meta, and Intel, which have been directly impacted by investor sentiment and company-specific issues.

In conclusion, while the tech sector is facing significant sell-off risks, there are opportunities to be discerning and selective in your investment approach. Consider putting options on vulnerable tech stocks with caution, and keep a close eye on market trends and company fundamentals for informed decision-making.