$GRANITESHARES 2X LONG AMD DAILY ETF (AMDL.US)$ there's an e...

$GRANITESHARES 2X LONG AMD DAILY ETF (AMDL.US)$ there's an enormous call premium to be had on this leveraged ETF for a very short period of time. the ETF is indicated to open up about 10 cents so maybe $10.10-10.12 of course it's still very early in anything could happen we have a bit of economic data coming out at 8:30 that could throw a monkey wrench into the equation but let's just suppose everything is status quo. August 16th next Friday is eight trading days counting today.. if you buy it at the open up 10 cents 12 cents you see what the downside is the Monday bloodbath where the NASDAQ was down 1030 points pre-market.. AMD is already released AMD is already guided higher that tells me it's safe to buy I don't care what the price action was yesterday. AMD tends to be like a second-tier chip company it's movement post earnings already happened I think a lot of people may have been disappointed that it didn't trade up higher and they're using it as a source of funds to reposition and higher beta tech companies that are going to have a quicker snapback that's my opinion. if you're smart you use that is an opportunity to buy on weakness after we have confirmation of a great quarter and hire Ford guidance that's what you want. so if you buy it on the open and you immediately sell in August 16th call put an order in the spread at $1.10 to $1.15 right in there a buck higher than what you paid it's a big spread. worst case scenario next Friday you lose the stock you've made 10% in one week that's pretty damn good. if next Friday it doesn't get called away look for the same premium going out the following Friday and do it again. because it's only a week that Friday maybe you only get 5%, 50 cents so now you've made 15% on your money. this is a very very good premium and I know everybody's looking for the immediate reversal in a stock price but you also have to look at your downside protection. right now euphoria is going back into tech stocks everybody that sold and this is me I sold out over a million dollars worth of stocks.. you have to get back in it's a drug you need to get back in you need to reposition because the hurricane that tore through since July 11th appears to have passed we're not in the eye of the hurricane we're done and now in the rebuilding period.. so you have to get back into the market but you don't buy all in at one time because there's going to be back in filling we're going to have a reversal I don't know when we could go up 5% from here 8% from here but at some point there's going to be a very nasty rug pull again and it'll take back 20 to 30 40% of the recent quick games from the Lowe's so you need to be careful if you're just going to buy indiscriminately you need to look for downside protection and that's why I think AMD here offers a very nice upside it fell from 25 that's 150% potential upside in a year and a half maybe a year but in the meantime you're able to buy a company through earnings guided higher great CEO great ability to gain market share over Intel because of Dell and Hewlett Packard they may shift forward business from Intel to just AMD. and you get a huge premium by selling calls so literally you do this two three months you've made 40% on your money shit I'll do that all day long!