Chip stocks bounce 10% as put options hit record high

Chip stocks bounced 10% on Monday after Friday's $1.3 trillion rout, but put options on the VanEck Semiconductor ETF hit an all-time high of 1.7 million contracts. Traders are buying downside protection rather than betting on a collapse. Micron surged 10%, Marvell jumped 9% on S&P 500 addition news.