Hi everyone, I hope you all took advantage of those calls on 
NVDA, 
CMG, and 
AMD while away. I'm back from vacation and on CLOUD 9! There's nothing like escaping into the mountains for some R&R.
As you can see, AMD hit the support target to the dollar and bounced off during afterhours due to a positive earnings report. RSI was predicting a reversal move and as much as I hate playing options contracts before earnings, this one was too easy to pass up. My first target is $171 and PT2 is $175.
I'll be posting on MSFT next.
NVDA, CMG, and AMD while away. I'm back from vacation and on CLOUD 9! There's nothing like escaping into the mountains for some R&R. As you can see, AMD hit the support target to the dollar and bounced off during afterhours due to a positive earnings report. RSI was predicting a reversal move and as much as I hate playing options contracts before earnings, this one was too easy to pass up. My first target is $171 and PT2 is $175.
I'll be posting on MSFT next.
Note
Sold my calls at the open when AMD hit the 20 SMA. I am rebuying calls for next week expiry. PT1 is 159 by EOW or early next week.Note
AMD committed to full gap fill. Added to my position at 142. PT 159 still in placeNote
PT1 updated to 162Trade closed: stop reached
Got out at 139 today when the candle rejected off of the 10 SMA. The weekly chart began this week bullish, but has now reversed aggressively and broken below support. Revised PT1 is 122 and PT2 is 117.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.