$Advanced Micro Devices (AMD.US)$ game plan for today.. a po...
$Advanced Micro Devices (AMD.US)$ game plan for today.. a possible bulltrap up to 143 (20ma). which I would likely get some puts to hedge again . (I think nvda might be pulling back today before more retests foe support levels). I think that so as long as spy can't close 600 or above. it's just bulltrap all over. might be wrong but I do hope I'm wrong
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MapleVX : There is a possibility, but if AMD stay above 143 market for today, then trend reverse to bullish. Nvidia start pulling back from yesterday.
pootpoot OP MapleVX : that is correct. but well.. if 143 doesn't hold.. we know what to do. PUTSSSSSSSS. Just a little concern as I think that spy needs a week or so to break 600 if market have no surprises.
MapleVX pootpoot OP : Yeah, I agree that. Anyway, let’s see how market react today. Hopefully market goes up for AMD.
pootpoot OP MapleVX : yes I hope I'm wrong. because it's just too tiring to keep hedging and now the challenge increases as amd did not get sympathy drop from nvda. I doubled up yesterday which turns out extra profits because I wanted to hedge for amd as well. anyway I think it's good to sell puts and covered today if it's going well. this is a short week so sell puts and covers are given premiums for thanks giving haha.
MapleVX pootpoot OP : Hedge in AMD will be more tiring than NVDA. Not easy, just these few days i can’t monitor well and stop for a while. Because having exam on next week. Need more time to rest and study.
pootpoot OP MapleVX : yes hedging is tiring. I'm hedging only because my calls position is rather huge. no choice
MapleVX pootpoot OP : Understood, but I believe in you can cover your call position. My call position is not that high, so I did manage to hedged. Share some blessings to you.
pootpoot OP MapleVX : thanks haha. im just cautious now although my position is already in the green. i was baited previously at the 140 lows to 150. didnt react quickly because i didnt expect it to just fall off to a new low . a little afraid of a dejavu
MapleVX pootpoot OP : Same, I also thought 140 is the lowest. I didn’t know go to 133. I was like…haiyaa.