AMD is overbought; selling its year-end calls was right, with AMD now down 13-14% from that point, and that trade beat holding AMD. Its largest dip buys were around 700-715, and having lost 725, AMD may fall to 700.
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“Is the Recession Beginning?!?!?!”
Meet KevinPublished Oct 15 · 2 passages
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I said, this might be a good time to sell calls on AMD . I think AMD is overbought. And then it went up for 3 days, three or four days . So, it went up another four or five percent .
So, it was like, in the short term, it felt wrong . But I said to sell AMD's year-end calls . And look now. Now it's down 13-14 percent from where I said it would be.
So, selling those calls would be better than AMD. We would have made a profit. And we haven't bought any more dips since we got close to 735. Our biggest dip buy was around 700 to 715.
But unfortunately, we're getting back into that range in Q. We just lost 725. Are we going to lose 715? That means we're going to go down to 700.
What this channel has said about $AMD
Meet Kevin has 13 calls on this stock; only the adjacent ones are shown.