1 week after an ok earnings, the euphoria over this news has pushed the price up, but on declining volume. AMD options are still expensive; when AMD was trading ~~101, sold a 5-pt bearish CALL spread, using 9 Sep expiration +104 CALL, -99 CALL, for a credit of $2.35. willing to assume max risk of $2.65 to win max profit of $2.35 my bet is that AMD will be trading below 99 on expiration
AMD went X-Div on 8 Aug, decided to doubling down, sold another 5-pt spread, same strikes/same expiration; was able to collect $2.4 premium in advance.
in addition, yesterday's doji suggests a change in direction; today's large red candles confirms that decided to triple down on AMD, sold another 5-pt bearish CALL spread; same strikes and same expiration. was able to collect $1.9 premium in advance
I'm sure @tinman would like to get impregnated. Maybe Elon will devise a way for men to get pregnant while he's building transport tubes and brain implants. But until then y'all Elon fans will have to settle for just giving him fellatio. Lulzzzzzzzz. Good luck, suckers.
trading action for XLV has been rising steadily since mid-Jun. over the past 15 trading days, after a 12 point pop from the recent bottom, it has been consolidating just above the 200 dma, catching its breath. it is rapidly approaching a golden cross, where the rising 20 dma crosses above the 200 dma. the confluence of positive technical indicators has prompted me to sell another 5 pt bullish put spreading collecting $2.3
XLV's trading action has broken thru the 200 DMA; it is officially in golden cross territory. sold another 5--pt bullish PUT spread---collecting $2 premium in advance---to partially offset the cost of an 10-pt (in-the-money) bullish CALL spread
Lol, I kept passing on bbby, So didn't let chance on WEBR calls pass this time, if it continues to get a bbby type squeeze it'll be even nicer for me, I don't have much on it atm. On bbby though.... I even had it ready to go but kept holding back... Had eye on $0.10-0.15 c's @20 8/19 and kept getting distracted or figuring I missed it at $1.40 and wanting to wait to catch it, of course it hits about $9.00
September don't look good. The issue is that October during mid-term elections usually spark rallies with increased volatility, but if you're pessimistic and like tracking doom years, Octobers are as risky as Septembers. Then there's the iphone rollout in a few weeks. Seems like where Apple goes, everything else follows.