AMD - How will it go after earnings?
- Still above 108/110; Plenty of liquidity building above
- Little support below; Bears can take the lift down
- Series of buy continuation channels and controlled sell channels ==> So far, bears don't want to take it below the support level ==> WHY?
Earnings reaction
- Bad ==> Bear flag to 100 or 95
- Good ==> Reach 119/120 and some form of squeeze will happen; to possibly break above 123
My Plays
- Sold put strikes 85 90 95 100 101 105
- For those below 95 very safe till expiry and with IV Crush, can even close
- For those above 100, possibly assignment to own counters
Lean towards bullish actually. Observe, react, don't predict!
@TigerStars @CaptainTiger @macroB @melson @LMSunshine @Deposit
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Lots of sore loser shorts of AMD LOL. No matter what happens in the coming days or weeks, this is not going below $100 again. At best it could dip to the usual $107-$110 again but only if the market tanks bad this quarter.
back to the bottom of the trade range... scale buying 110.00-108.00 and will lets some go $118.00-122.00
AMD stock is in a Real bad place now. Who would want it?
I would certainly buy AMD under 120. Easy money!
AMD is a Short seller Money Pump
Nearly a 20% drop from where it was 7 weeks ago, and it continues to drift lower. Heading into Bear territory by definition. If AMD hits double digits in the upcoming days there’s no telling how low it will go.
revenue Y/Y down 18% ??? and going up by 5%... great!!! the P/E will be 1000 pretty soon!! congrats!!!
Getting close to my $110 buy order. Feeling giddy.
AMD has bet its future or this klunky solution to Moore’s Law and though it will work for years and years to come, it comes with significant drawbacks.
earlier this morning uber did a headfake, up then down, AMD might easiy do the same.
AMD is in a buy zone under 120. Under 112 it’s a screaming buy!
thats the key as it was for Navidia when it popped 26% last earnings
something about Security flaw in one of the AMD chips