Advanced Micro Devices Inc (AMD)

[JLS]

That triangle ends in 4 weeks.

Those weeks contain major holidays.

Also, don't forget that this tax year ends in a little over two weeks. So that will influence tax-loss selling.

I know some traders who sell their long-term positions right before the end of the year whether those positions are profitable or not -- and I think they do that to smooth out their tax overhead and to reevaluate whether they should continue holding certain positions. In other words, prescheduled sales help maintain thoughtful discipline.

Or, maybe they have done studies which show that a good stock can almost always be bought back cheaper sometime in January. I never made the effort to ask them.

Regarding "no meaningful upside til mid 2019 ...". If you just sold monthly Covered Calls at AMD's current volatility, and did not compound your gains earned from those CCs (by buying more stock so that you could sell more Calls), you would have a 100% gain on AMD's current value at the end of that year. That is why I sell CCs on my stocks all the time.

Your gain would be higher if you sold weekly Calls every week. That's why I sell weekly Calls (compared to monthly). This time I made the first exception to that process in months -- I sold a weekly but I chose an expiration 2-weeks out (instead of the usual one week). Did that on AMD two days ago -- expires on Dec 21. Received $0.89 per share just from the Calls. If assigned, I would get extra income from that -- shares were purchased below the strike of the Calls.