Advanced Micro Devices Inc (AMD)

[yourbankruptcy]

We have 42,000 puts assigned tomorrow. Usually put writers are bulls, so bulls will receive 4*10^6 shares at the price they selected as an entry point. Mostly at loss. At the same time shorts will have their short position increased by 4*10^6 shares.

Monday we should see bulls selling to cover margins and bears covering their shorts to take profit. So first hours of trading will show us who will win - bulls selling or bears buying.

If anyone will have a desire to make a small short squeeze - that's quite a good opportunity. 4 million shares to cover is enough to run for $1 up.

It is important to note that 2.3 million of shares will be assigned just above today trading range. If someone will manage to push price up to $15, those bulls may stay long with profit.