My confidence level is high for this AMD trade. Played out a nice bottom pattern during today’s open & appeaes to b perfect spot ENTRY AMD CALLS. Looking 138/139 target in next week or 2.
$Advanced Micro Devices (AMD.US)$Personally I am holding January 3 and January 17 expiration, 130 and 135 strike calls. I also have a few weekly expiration at 129 strike.
Remember, AMD is currently in the process of a reversal pattern, which will take some “upward chop” while it gets itself together…
Although looking for a 138/139 target,133 would be a good spot to sell and take profits.
I don’t recommend a play unless I have a hih confidence level, feeling good about this one. Played puts on the recent moves down, now its time to play calls on the bounce up.
Sam Vandersey : whatever I do, I can't get profit out of this stock. eludes me.
RIPPER OP Sam Vandersey : Sounds to me like you need to play further out……I recommend a minimum of 3-4 weeks out expiration wise
RIPPER OP : It is so time