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stockmarketsquirrel
Sep 15, 2017 3:04 AM

AMD - Long Term Play Long

Advanced Micro Devices, Inc.NASDAQ

Description

If this cup and handle finishes forming, i'll look to enter at the breakout ($15.70) and put my stop order for mid handle level ($13.15-ish).

Then LET IT RIDE!

Trade active

Good option volume the past several days.

Comment

HUGE move before close today. This to me looks like it's confirmation for the $16 price point next. I'm still holding my options because I think we only move up from here.

Comment

So after the "fake news" story that seemed to have reversed the huge jump in price late yesterday. I took advantage of the high prices this morning and closed my options position for a solid .53 profit.

I was long some Nov 14 calls that I purchased 9-19 for .77 and closed the trade this morning for 1.30.

I will continue looking for long opportunities.
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