0. Looks like a technical correction, spreads are $.50C on AMD.
1. This is the 6 to 8 percent correction they talked about. This is not a SELLOFF.
2. You need to remain calm here.
3. You need to buy while others are fearful, and sell when others are greedy. Today is a buying opportunity across the board.
4. BUY ALL SEMICONDUCTORS, SHORT THE VXX, AND SHORT GOLD.
5. Looks like the US Sars planted virus, will ding the CHINESE ECONOMY 1 PERCENT IN THE FIRST QUARTER OF 2020 AND THE SERVICES SECTOR MOSTLY.
www.cnbc.com/2020/01...navirus-spreads.html
1. This is the 6 to 8 percent correction they talked about. This is not a SELLOFF.
2. You need to remain calm here.
3. You need to buy while others are fearful, and sell when others are greedy. Today is a buying opportunity across the board.
4. BUY ALL SEMICONDUCTORS, SHORT THE VXX, AND SHORT GOLD.
5. Looks like the US Sars planted virus, will ding the CHINESE ECONOMY 1 PERCENT IN THE FIRST QUARTER OF 2020 AND THE SERVICES SECTOR MOSTLY.
www.cnbc.com/2020/01...navirus-spreads.html
Comment:
This is a shout out to our friend Ken. Frank sends his regards ;)
Comment:
So we have closed on HEDGE on our large AMD position, and simply sold some Feb 21 50 Calls to give us a little risk off.
We had Feb 21 AMD $50 PUT, which we LOADED up on Wednesday.
We sold that for $32750US, and that was around $48.50, which we feel is the temporary bottom.
We are now selling CALLS at the $49.11 area, but only for a hedge against $45 on the downside for earnings.
No PUTS required into earnings. Waste of money...
We had Feb 21 AMD $50 PUT, which we LOADED up on Wednesday.
We sold that for $32750US, and that was around $48.50, which we feel is the temporary bottom.
We are now selling CALLS at the $49.11 area, but only for a hedge against $45 on the downside for earnings.
No PUTS required into earnings. Waste of money...