Trade Call: Layer into AMD on a Dip via Put Options

26 days ago

Mark Roussen

"Stock number two, which is going to be advanced micro devices stock ticker AMD... we would love that lower end of that flag around that 145 to 140 range as it would make the stock even cheaper than where it's at today. As such, looking at the options here, lets take a look at the November 21st 140 put option, which would give us the potential obligation to buy the stock at a lower price... if you want to be a little bit more aggressive and you wouldnt mind purchasing the stock at $145, you could earn $550 in income."

A trade call for AMD employing an options strategy to layer into the position at a dip. The speaker describes AMD's bullish price action, noting a bull flag pattern, and suggests selling put options around the $140-$145 range for premium income, providing an alternative method to enter at a lower price.

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