$AMD · Schwab Network · 2026-11-03

On the earnings front, AMD set to report quarterly results after the close of trading today. Wall Street is looking for revenue of more than 13.1 billion on EPS of a buck 94. Guidance will be key as investors want to see continued growth in Q4 with revenue north of 16 billion, EPS of 255.

Here we can see that AMD in red here still significantly outperforming both the SMH semiconductor ETF and the XLK tech sector ETF in purple and teal respectively here. AMD up almost 80% during the past year as of yesterday's close.

So, we are up pretty notably in the in the pre-market as well. We can see too that uh AMD of our kind of CPU and GPU makers uh second place uh behind Marll but a very noticeable slide here recently for Intel, AMD and Marll.

So uh a difficult time to be sure for uh several of these chipmaker names.

When we do look at uh AMD more closely, we topped out here 65852 uh a couple a month or two ago. Uh then we have traveled down in this channel type shape here connecting at this notable high point here.

You could duplicate the line and put it across the lows to give this channel type boundary here. That's around where we hit our lows yesterday. But when I checked last, we were up a little bit more than 4% in the pre-market here.

So that could be uh uh a bit of a bounce here as we uh head into this earnings.

So now we can see here as well some horizontal levels to follow here. a gap here and a subsequent low was breached yesterday, 479, but that's around where we've recovered to in the pre-market so far.

So, this also stands out as a supportive area. Another gap here and subsequent lows which mostly held on in terms of our closing prices. We did have one anomalous push below that level here, but that level was about 451.

Meanwhile, to the upside, highs after earnings match up with subsequent highs and lows near about 528 as well.

If we were to keep moving on here, our moving averages that we follow, price has uh fallen below three of our shorter term ones. 5day, 21day, 63-day exponential moving averages here.

The closest now is our weekly 5day at 51557 as of yesterday's close. RSI moving lower. We are above that 30 line here that represents the oversold area, but we are below the 50 midline here.

So, more of a bearish lean. Finally, our volume profile study shows we have a node here between about 470 to to uh 528. So that was a a heavy trading concentration area.

Right. Given the kind of shaky outlook so far, perhaps a more neutral trade targeting this week's expiration focused on earnings here plus or minus about 11% during that time. So in iron condor minus one November 6th 530 540 4354 425 iron condor at a 315 credit here 3 days out 315 is our max profit our credit received uh our max loss 685 roughly a 2:1 in terms of uh uh risk-to-reward here.

Um but our break evens 43185 53315 are about 11 and 10% uh away here. are expected move about 11% puts those very close to those break evens here. So looking for this to stay within those boundaries.