AMD sitting in a pivot zone: looking to enter calls or puts
Updated
AMD Is currently sitting in a key pivot zone that could accelerate a move to the upside or downside. I suspect we see an initial pullback at open to test the 151 level. A break below this I would consider puts at the 150 level, 148 if I am feeling SUPER bearish with the live chart. A break above 153 (and hold) could again take us to 153.50 I would consider ATM calls or 157 calls. Timing is everything, if any of this happens today, it happens VERY fast. Being prepared for both directions is wise imo, holding on to permanent beariish/bullish sentiment on as stock is dangerous. Trade closed: target reached
Ended up taking 148p on the 12/31 expiry for a quick scalp. The break below 150 was swift and strong - rode that wave. Stating closed, but 20% remain open for a test of 145 if 148 is broken.
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