Advanced Micro Devices Inc
Long
Updated

AMD | 1D | long straddle strategy into earnings

150
I'm buying a call and buying a put same strike $28. total around $2.66

I'll sell the profitable leg before earnings for a profit and let the other leg run through earnings to see if I can get a earning surprise.

predicted move is 9% after earnings

Predicted move 7 days after earnings, 13%

TA wise, this bad boy will bounce off the 200ma (red line) like it has been for years and move up.

lets go!

Trade closed: target reached
haha it did what i thought, bounced off the 200ema and went to the moon. hope you followed and became rich.

trade closed

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