Friday, March 01, 2019 5:28:49 PM
between blue Resistance Range and upper yellow inclining trend line, and also SMA(20). Now worries, as AMD has stayed above that yellow line multiple times and also traded within the blue zone multiple times. All that said, I doubt if it trades much higher, and that's one of the reasons I sold the $24 Calls today (instead of waiting for Monday).
If AMD drops lower, it would probably bounce off the lower yellow inclining trend line. But by that time, I could close what's left of the $24 Calls that I already sold, then sell lower Calls (at $23.50) that expire the same week. In other words; if shaken out of the stock, I could still end next week with a profit.
Do I care about that? No. My shares were assigned over a week ago as a result of a CC Option assignment, then I did a trade of NIO last week (which was aaawwwwwwsome), and today I'm back into AMD at a lower price than I sold it, and I wrote new CCs against my new AMD shares today. So AMD could drop a little more before the total position shows any loss.
Recent AMD News
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
