Semiconductor stocks just can’t catch a break.

I recently shared that my scans unveiled some short-side opportunities in the semiconductor space, with a notable options opportunity in Lam Research (NASDAQ:LRCX). This week, another LRCX play hit my screens.

If you’ll recall, my initial recommendation was in the LRCX Dec 30 Puts. This time around, my analysis revealed there’s some nearer-term trading setting up.

Buy the LRCX Nov 30 Puts at 80 cents or lower.

You know I like to have a plan before taking any trade. After entry, take profits if the stock price hits $28.90, or if the option climbs to $2.10. Cut your losses and exit the trade if the stock price closes above $33.30, or the option price trades through 50 cents.

It’s not unusual for my scans to reveal more than one opportunity in the same name, but just be sure you’re not over-allocating in any one trade — especially if your portfolio is overly biased to one side. But there’s no denying that LRCX is in some “bad” company.

Applied Materials (NASDAQ:AMAT), Texas Instruments (NASDAQ:TXN) and QLogic (NASDAQ:QLGC) got pinned as problem stocks in my latest results.

Cypress Semiconductor (NASDAQ:CY) and Xilinx (NASDAQ:XLNX) are on my sell watch list.

NVIDIA (NASDAQ:NVDA), Intel (NASDAQ:INTC), Advanced Micro Devices (NYSE:AMD) and Avnet (NYSE:AVT) round out the list as among the weakest in the short-term.

It appears the low-hanging fruit is in the semis, and they are starting to rot — pick some puts to take advantage of it.

Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973.