AMD - Option Play on earnings; Consider $10 Apr-17 Puts @ $1.38
AMD is rolling over after breaking down from an upward channel. Now it is in perfect shorting territory. As earnings in 2 weeks time, we would consider option play for the earnings.
Trade Criteria
Date first found- January 13, 2017
Entry Target Criteria- from current label
Exit Target Criteria- $7.67
Stop Loss Criteria- $11.07
Options: $10 Apr-17 Puts @ $1.38
Trade Status: Pending
(Note: Trade update is delayed here.)
Trade Criteria
Date first found- January 13, 2017
Entry Target Criteria- from current label
Exit Target Criteria- $7.67
Stop Loss Criteria- $11.07
Options: $10 Apr-17 Puts @ $1.38
Trade Status: Pending
(Note: Trade update is delayed here.)
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January 25th- Went up & traded close to Stoploss, however closed little bearish. Wait & see situation.
January 24th- Strong upward move & closed above MA resistance & EMA lines, not looking good.
January 23rd- holding below its MA resistance and Twiggs Money Flow remains very weak. Looking good!
January 18th- Made another lower low but closed near yesterday's close. Looking good
January 17th - Hit entry & declined huge 7%. Looking very good as long.