AMD SHORT, BUT BE CAREFUL WITH EARNINGS
AMD has now reached the upper trend line in the daily chart of it's current descending channel. However, AMD has earnings coming up August 2nd so I'm not holding puts through earnings. Earnings expected to be announced after market close August 2nd.
Looking at $93 puts 3 weeks out 9/26 puts if we fail to close above resistance.
Doing quick put scalps today and tomorrow then reentering August 3rd with a swing play 3 weeks out. Playing Calls if AMD closes above resistance and puts if it closes below.
Looking at $93 puts 3 weeks out 9/26 puts if we fail to close above resistance.
Doing quick put scalps today and tomorrow then reentering August 3rd with a swing play 3 weeks out. Playing Calls if AMD closes above resistance and puts if it closes below.
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