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Reallifetrading
Mar 13, 2018 1:50 PM

Put sale on AMD 

Advanced Micro Devices, Inc.NASDAQ

Description

There's a LOT of premium down here on AMD.
IV is VERY high. I wouldn't really mind owning shares of AMD down at $9.00. DCA would actually be $8.60.
100 SMA on weekly would be a good support anyway. Buy low, sell high.

I'll BTC this one for a gain if able. Who knows. We will see.... :)

Comment

Buying to close this one for .08 :-)
SOLID GAIN very quickly... #FREEMONEY
Comments
UltraBabb
hi, are the three blue lines you have drawn stop loss at 9.94, order 10.75 and sell 14.97?
what do you mean by "sale drake"?
sorry newbie

Reallifetrading
@UltraBabb, "hi, are the three blue lines you have drawn stop loss at 9.94, order 10.75 and sell 14.97? " those are my support and resistance lines sir.

"what do you mean by "sale drake"?
sorry newbie " Drake is the name of a real life trader who sold puts. I am the only analyst I KNOW OF who keeps tracks of everyone else's trades ~ other than just my own. ;-) Hopefully this video youtube.com/watch?v=n4zYikI5VJI&t=1501s helps some. :)

And this article reallifetrading.com/articles/trading-r-put-sales
UltraBabb
@Reallifetrading, thank you very much"
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