Pretty straightforward. Here's what I just posted on Seeking Alpha:
"MU -- extremely oversold conditions. Yesterday before the close, went long the 10/26/2018 40.00 Call (up 42%).
AMD -- extremely overbought conditions, just went go long the 10/26/18 $31.00 Puts (up 16.6%)"
seekingalpha.com/stocktalk/100811065
Just look at the RSI levels for each. To be clear, both companies are solid / great stocks to own long-term, I'm just trading around all the volatility/profit taking.
www.cnbc.com/2018/09...g-microns-stock.html
Not sure how long I'll hold both of these, but I'll post updates periodically.
"MU -- extremely oversold conditions. Yesterday before the close, went long the 10/26/2018 40.00 Call (up 42%).
AMD -- extremely overbought conditions, just went go long the 10/26/18 $31.00 Puts (up 16.6%)"
seekingalpha.com/stocktalk/100811065
Just look at the RSI levels for each. To be clear, both companies are solid / great stocks to own long-term, I'm just trading around all the volatility/profit taking.
www.cnbc.com/2018/09...g-microns-stock.html
Not sure how long I'll hold both of these, but I'll post updates periodically.
ความคิดเห็น:
With MU options up +78% and earnings out today, I want to protect my profits by hedging with Puts.
I just went long the 9/28/2018 46.50 Puts (small hedge position).
Should be an exciting afternoon ;-)
More to come to stay tuned.
(accidentally posted this comment below lol)
I just went long the 9/28/2018 46.50 Puts (small hedge position).
Should be an exciting afternoon ;-)
More to come to stay tuned.
(accidentally posted this comment below lol)
การซื้อขายยังคงดำเนินอยู่:
Congrats to those who followed this trade! Patience is always key.
AMD Puts are up +51%
MU Calls are up +30%
Total Gain +81% -- not bad for a less than 30-day trade ;-)
Going to keep these open, but trimming AMD to take in some profits. Totally up to you how you play it from here -- I'm not too greedy ;-)
I have another pair trade coming soon.
Stay tuned and congrats again.
Cheers!
AMD Puts are up +51%
MU Calls are up +30%
Total Gain +81% -- not bad for a less than 30-day trade ;-)
Going to keep these open, but trimming AMD to take in some profits. Totally up to you how you play it from here -- I'm not too greedy ;-)
I have another pair trade coming soon.
Stay tuned and congrats again.
Cheers!
ความคิดเห็น:
Gosh those Puts on AMD would be up +300-500% with the stock down +20%.
Congrats if you stayed in.
Congrats if you stayed in.
ความคิดเห็น:
New Position: AMD 01/17/2020 20.00 Calls
I will be trading around this position throughout 2019.
AMD is a perfect trading stock.
seekingalpha.com/stocktalk/101269655
I will be trading around this position throughout 2019.
AMD is a perfect trading stock.
seekingalpha.com/stocktalk/101269655
ความคิดเห็น:
Just opened: AMD 12/21/2018 22.00 PUT
Very strong move today, but I think there will be some resistance/profit-taking here. Hoping to collect some cash as sellers step in.
Also, forgot to mention that I opened the MU 12/21/2018 40.00 Calls in one of my portfolios. Not too late to get in this name (I'd wait for a small pullback)
Very strong move today, but I think there will be some resistance/profit-taking here. Hoping to collect some cash as sellers step in.
Also, forgot to mention that I opened the MU 12/21/2018 40.00 Calls in one of my portfolios. Not too late to get in this name (I'd wait for a small pullback)
While I do expect more downside, I suspect it will be short-lived. Yesterday's sell-off was nothing more than profit-taking. Those are the dips I like to take advantage of and then move on (typically I would have sold already, but want to see how this plays out a bit longer).
As you can see, with shares up ~7%, investors want in this name -- driven by the improving fundamentals which lead to multiple analyst upgrades (this is one of the most love stocks out there right now). Average analyst price target is ~$40. This is why investors are stepping in today.
When I shorted AMD, RSI was at the overbought level of 85, now it's at 77. Historically, RSI for AMD can go to a high of +87. So we are in a trading range.
So, here's what I'm doing. I am maintaining my Oct-Puts and will hedge it with Oct-Calls. I'm looking at the 10/12/18 $33 Calls.
I'll likely buy these early next week. I don't typically like to open new positions on a Friday. Tho doesn't hurt to do so given that this is just a hedge position.
Enjoy the weekend everyone.
More updates to come.
Cheers!