AMD - Post-earnings plays


- For a day, it had a bad reaction to earnings, but have recovered well

- Concern - Still on a lower high price action forming a descending triangle

- Multiple MA lines are close to one another ==> signalling a possible push up or down

- As long as stay above 108 (as shared previously in many posts), it is not bearish yet. 


My Watch/Plays

- After earnings, have closed most of my AMD sold puts at good value. 

- Post earnings, after this coming week, IV crush should be reset already. So can start selling puts again. 

- Looking at strikes 95 or 90 or 85 puts with a longer expiry

- Still expecting AMD to spike up to be equal high or new high next weeks/months. 


Good luck, all!

@melson  @Deposit  @LMSunshine  @macroB  @TigerStars  @macroB  

$AMD(AMD)$ 

# 💰 Stocks to watch today?(20 Dec)

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Comment23

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  • zookie
    ·2023-08-06
    TOP

    For now, AMD will continue to accrue marketshare in the data center market, just as they have in the consumer space. They rested on their laurels for far too long, and until Pat took over, at Intel, they remained stagnant even though AMD was making steady gains.

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    • Asphen
      Good point
      2023-08-06
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  • Guavaxf30
    ·2023-08-07
    TOP
    Hi. When you say uou closed your puts at good value, is it correct to read that the price of outs have gone up, thereby meaning more people are bearish on AMD for now?
    I tend to feel the same as I feel the Nasdaq run has been hitting a very strong ceiling and AMD is lagging in the turn down. Which means AMD may fall more than others like Nvidia and Tesla which have already been falling off their recent peaks.
    Do you feel this too?
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    • Asphen
      I sell puts. so when share price go up, the premium of the puts drop, so I can close at good profit.

      also, post earnings will give IV crush. meaning IV will drop alot and thus premium drop and so even more can close at goodnl profits.

      that's why I sell options prior to earnings and not after.

      2023-08-07
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  • fizzik
    ·2023-08-06
    TOP

    My strategy is to short AMD while going long on Intel to maximize return.

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    • Asphen
      bold moves 😉
      2023-08-06
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  • cheeryx
    ·2023-08-06
    TOP

    Buy as much AMD stock and Calls as you can here. You cant go wrong!!

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    • Asphen
      😀
      2023-08-06
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  • Aqa
    ·2023-08-06
    TOP
    Feature this! Thanks fir sharing. Lcsh done. Go top! 👍🏻
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    • Asphen
      thank you
      2023-08-06
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  • kytphine
    ·2023-08-07
    TOP
    will go up eventually
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    • Asphen
      yup
      2023-08-07
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  • 爱喝水的小猫猫
    ·2023-08-07
    TOP
    Hold quality stocks
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    • Asphen
      yup.
      2023-08-07
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  • KayakerSG
    ·2023-08-07
    Great ariticle, would you like to share it?
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    • Asphen
      thank you
      2023-08-07
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  • Shauncws
    ·2023-08-07

    Great ariticle, would you like to share it?

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    • Asphen
      thank you
      2023-08-07
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  • LMSunshine
    ·2023-08-07
    Thanks buddy for the AWES👍ME sharing❣️
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    • Asphen
      thank you!
      2023-08-07
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  • KSR
    ·2023-08-07
    👍
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  • melson
    ·2023-08-06
    🔮✨
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    • Asphen
      😉
      2023-08-06
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