I call 40.25 on strong RSI as the launch point. Don't forget about all the calls that were bought on AMD in the last 6 weeks. Those calls were mostly sold by institutions. They have a vested interest in a slower rise in this stock, and not a "blast off". If slow grind higher as in the past 2 days with a gap, sell off, buyers overpower sellers (always central RSI here - buyers are relentless), then we reach equilibrium about $.20 higher. I have noticed the AMD volatility go from 38 (when we were 41.75), to 22, now back to 28. Options (calls) got repriced yesterday by the markets at 20 percent higher lol. They know the stock is going higher, and have raised the premium on the calls yesterday to compensate. Look for slow grind in X-mas and new year. Market and sector under-perform for a bit. They know you are all buying options.... they own about 15 percent of float from past 6 weeks. They have control. Shares are better than options if you want long exposure here. Buy on pullbacks, and start with 25 percent position. Have a good one.
drchelsea
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@drchelsea, If anybody following me wants the translation "Buy AMD options in small blocks in pullbacks, and have a 6-12 month time frame if you really want that extra 30 percent and run to 50. Don't try to time. Options are suckers plays and you will lose. They institutions are waiting for you."
drchelsea
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@drchelsea, "Buy AMD shares" , NOT "options" typo sorry.