MannyTman

MannyTman

AMD failed to continue upward break out pass $100.74 current play $99 puts target price $95

MannyTman Updated 

Loaded up on AMD puts for 8/12 $97 strike price 1.25 average cost AMD broke support of $100.74 and has a lower target of $95

MannyTman

AMD has now reached the upper trend line in the daily chart of it's current descending channel. However, AMD has earnings coming up August 2nd so I'm not holding puts through earnings. Earnings expected to be announced after market close August 2nd. Looking at $93 puts 3 weeks out 9/26 puts if we fail to close above resistance. Doing quick put scalps today and...

MannyTman

AMD is approaching the top trend line of the descending channel and will be ready to be shorted if it fails to break the upper trend line of its currently daily descending channel.

MannyTman Updated 

AMD closed above our resistance of $91.55 loading up on calls

MannyTman

Disney has formed a descending channel and is targeting the upper trend line of the channel. Once the region of $108-$110 is reached I'm short of Disney with $105 puts 1 month out

MannyTman

This is my current view on AMD's price action and possible ways to play AMD.

MannyTman Updated 

Closed my AMD PUT position's for 52% in gains. I purchased calls for $90 once AMD closed above $85 my AMD calls have already hit profit 8/5 calls for $90. My next target is $95 which is the top of the current descending channel. If the price of $95-96 is reached I'll buy $90 put options 2-3 weeks out ONLY IF WE FAIL to break above the resistance at $95.

MannyTman Updated 

QQQ has formed a descending channel and looks to be heading lower

MannyTman

Waiting for the break of Support at $84 and down to $80 we go where I'll get calls. At the moment AMD $86 and $85 puts up 40% and 30%

MannyTman

AMD should reach $80 where I except a bounce up to $93 if we break below $85. Current play $86 puts for 7/29 selling once $80 target is reached. Once $80 is reached I'm buying $81 calls for 2 weeks out. Current 15 min formation rising wedge waiting for a bounce off bottom trend line.

MannyTman

Solana bounced of a major support region at $25 and is target $58 if this region is broken we can reach $75 and then head downward.

MannyTman

Riot targeting upper trend line of descending channel. I'm long on Riot with 8/5 calls for 6.50 and 8/26 calls for $7 Potential target is $9.50-$10.50 buying pull backs

MannyTman Updated 

Riot is currently targeting the upper trend line of its descending channel and is targeting $11-$12. I'm long on Riot until those price targets are reached. Waiting for a retest of the $5.50-$6 region to buy $6.50 calls for Riot with 8/19 expiration.

MannyTman Updated 

AMD is in a descending channel it previously bounced off it's lower support and is targeting $88-$90. For the short term I'm buying puts at the $84.50 region for $83 7/22 due to AMD being rejected at this point multiple times as shown by the red circles. I'm holding puts until the support region of $79-$80 is reached.

MannyTman

I'm playing the bounce off $84.50 with $83 puts for 7/22. closing my position once target of $80 current support is reached. Once we retest $80 I'm buying $81 calls off $80 Support for 2 weeks out

MannyTman

AMD has entered into our resistance zone of $79-$80 and is ready to be shorted. However if AMD closes above $80.50 I'll close my short position $79 and $78 puts for 7/22 :) Key fact to remember is that AMD previously broke out of a broadening formation which it's lower support is acting as it's new resistance

MannyTman

Apple looks to have formed a descending channel and has reached the upper resistance of the channel. I'm shorting Apple with $144 puts two weeks out expiring 7/22/2022.