AMD - COLLAR @ $95 / DOUBLE TOP / HEAD & SHOULDERS / $87.55 TEST

0. We have Collared our long position, by selling calling, and buying puts.

1. We expect a re-test of $87.55 shortly, and an excellent buying opportunity;

2. If we are incorrect, see you at $100. We are going there anyway, but maybe a little consolidation would be good here.

3. If we cross $96.11 and hold, we will remove the collar and ride this to $100 plus of course.

- drchelsea

Comment:

IF, and a BIG IF, we retrace, below $90, first target we are looking for:

$89.11

We start buying and / or closing puts and covered calls if we hit.

IF, and a SMALLER IF, we close above $96.11, we buy more, and close our puts and covered calls as well.

This is our currently strategy, until we can establish a trading range here...

Comment:

UPDATE MAJOR BUYING PROGRAMS IN FULL SWING. AMD TO $100

CLOSING COLLAR. BUYING INTO CLOSE.

Comment:

UPDATE:

At approximate 3:57PMEST, Today, December 7, 2020, Massive Institutional Buying programs kicked in. AMD powered over $94, and equities across the board were bought, and the VIX would literally pounded down into the close in a selling frenzy.

This Market is Going MUCH Higher. Buy with TWO HANDS. Everything will work now.

- drchelsea

Comment:

Tomorrow will tell just what was going on into the close. Massive Gap Up may be on the horizon here. Or Massive Gap Down. Either way we are about to move.

Comment:

UPDATE

Today's Market pressure, against Semi's (New China Tensions), and Tech, is Value Rotation Today. Not a Tech Wreck about to happen...

Comment:

After rotation / reposition, QQQ, SPY, DIA trade in unison on most days.

Cheers.

Comment:

UPDATE

WOW

Market corrects day after I post the downswing. Don't know what to say. Crystal ball...

- drchelsea