Option Strategies: AMD
Hello everyone! Today i want to share some option strategies with you!
1.
$Advanced Micro Devices(AMD)$ took a big dump today! Definitely a "sell the news" event. So, what now?
- Filled that 175 gap this week, which was also near the upper bollinger band
- 50EMA at 156(ish)
- 200EMA at 152(ish)
- Lower bollinger band around 146
- Strongest volume support and point-of-control around 156
- MACD declining and a sell-off with strength today
Will be watching AMD's price action to see if today was a "BTFD" moment or it pushes towards the 50EMA and volume point-of-control.
Looking to sell puts at the 50EMA strike if it holds as support. Otherwise, will sell strikes around the lower bollinger band.
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