AMD "Honey Trap" Trade Idea
The Fibonacci levels from the last 3 "major" swings are all converging at the 147 level. I like a "Honey Trap" Style trade that calls for a minor move lower while providing a credit
(if I'm wrong). The strike levels for my PUTs are 149/147/145/141, where I'm buying the 149 and 141 and selling the inner strikes. Only going out 9 DTE (quick win/loss).
(if I'm wrong). The strike levels for my PUTs are 149/147/145/141, where I'm buying the 149 and 141 and selling the inner strikes. Only going out 9 DTE (quick win/loss).
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