Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar except it's highly contested stike is below it at $175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where then one may consider switching to a Bearish bias.
I will be playing it via options spreads, in a way that gives some credit in order to reduce risks either being a Vertical or a Butterfly call spread though I may increase my risks a bit and go synthetic long.
I will be playing it via options spreads, in a way that gives some credit in order to reduce risks either being a Vertical or a Butterfly call spread though I may increase my risks a bit and go synthetic long.
