Monday, September 17, 2018 7:13:53 PM
Time To Cash Out Your Chips on AMD Stock ;>(
Tim Biggam
InvestorsPlace 4-hours ago
https://finance.yahoo.com/news/time-cash-chips-amd-stock-175446638.html
AMD Stock Is on Fire, and a $40 Share Price Looks Reasonable :>)
Luke Lango
InvestorsPlace 8-hours ago
https://finance.yahoo.com/news/amd-stock-fire-40-share-141328866.html
So, which is it? Do Tim and Luke ever talk to each other?
Meanwhile, considering what the market did today, AMD held up very well.
Given the conflict, I guess I'll go both ways on MU. The bull in me will buy the shares while the bear in me will sell Calls against those shares.
So today I bought several thousand shares in two accounts at around $32.85 then sold this Friday's $34 CCs for $1.09 because Implied Volatility is so freaking high. Granted AMD dropped a little today but it is still in the channel. If it drops more tomorrow, I'll close the $34 CCs then sell the $33 CCs -- maybe.
Daily AMD chart (looks good to me and I expect it to stay in its channel):
Now when I look at those charts below, AMD is looking pretty strong, and I expect it to stay in that channel. FWIW, SMH is a semiconductor ETF and it tracks the semiconductor index, $SOX.
Intraday Comparison charts:
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