Replies to post #94087 on Advanced Micro Devices Inc (AMD)

[BornAtNight]

Confusing, to say the least. Most of these stock wizards are positive on AMD with target prices anywhere from $30 to $46 dollars I think. I'd just like it to be trading back at my buy-in price which was over $33.....

[JLS]

Bought To Close those $34 CCs.

Did that as AMD was tagging the bottom of its channel. Paid $0.26 to $0.27, so net gain is ~$0.82.

Thinking of selling Friday's $33 CCs as planned yesterday, but would like to see shares rise first, so will wait awhile. $32 looks like intraday resistance and AMD is trading that level right now so waiting to see if AMD breaks above that.

After waiting for over an hour, finally sold the $33 Calls for $0.65 in one account and $0.644 in the other.

Just as I finished writing this I see that AMD just rolled over and is heading back down. Last trade on this strike is now $0.53.