Advanced Micro Devices Inc (AMD)

[HailMary]

I'm unloading my trading shares (acquired at $16.25) tomorrow (tuesday). I expect the market is going to be very strong, and AMD way up (near $18) based on Friday's unusual activity.

I expect AMD to beat the estimates handily, but I'm guessing a pullback for the rest of the week regardless of the result. On any significant pullback ($15.5 or lower), I'll write some puts for nearly the same number of shares I'm selling. I want to get back to writing monthly puts on AMD, and I'm too overweight on AMD shares to do this. I could write covered calls, but I think a pullback is likely so I'm doing a straight sell and will follow up with the put write after a dip if possible.

I'll still be holding my long term shares (avg. price around $8.5) for a while, which is the majority of my position. Things are too interesting to let go of them just yet. I expect AMD will maybe get some additional design wins and grow marketshare in all segments in Q1.