Opening (Margin): AMD December 17th 120/170 Short Strangle
... for a 2.72 credit.
Comments: Having tapped into positions in all the high implied exchange-traded funds in my list, venturing out into a high implied single name. Post-earnings, AMD still has high rank/implied at 59/52. Taking a comparatively low delta (around the 12's) directionally neutral premium selling shot with a nearly 80% probability of profit.
Comments: Having tapped into positions in all the high implied exchange-traded funds in my list, venturing out into a high implied single name. Post-earnings, AMD still has high rank/implied at 59/52. Taking a comparatively low delta (around the 12's) directionally neutral premium selling shot with a nearly 80% probability of profit.
