$AMD Chart Setup: A Strategic Play Ahead of Advancing AI Event.

As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week.

The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.

My positions are as follows:

• Calls over $171.21, with targets at $177.55 and $185.
  
• Puts under $164.42, with targets at $162.58 and $154.49.
  

Let’s stay sharp and position ourselves for what could be a pivotal moment for AMD this week. Cheers.