AMD - Option Play on earnings; Consider $10 Apr-17 Puts @ $1.38

AMD is rolling over after breaking down from an upward channel. Now it is in perfect shorting territory. As earnings in 2 weeks time, we would consider option play for the earnings.

Trade Criteria
Date first found- January 13, 2017
Entry Target Criteria- from current label
Exit Target Criteria- $7.67
Stop Loss Criteria- $11.07
Options: $10 Apr-17 Puts @ $1.38
Trade Status: Pending

(Note: Trade update is delayed here.)

Note

Relevant Updates:
January 25th- Went up & traded close to Stoploss, however closed little bearish. Wait & see situation.
January 24th- Strong upward move & closed above MA resistance & EMA lines, not looking good.
January 23rd- holding below its MA resistance and Twiggs Money Flow remains very weak. Looking good!
January 18th- Made another lower low but closed near yesterday's close. Looking good
January 17th - Hit entry & declined huge 7%. Looking very good as long.

AcornWealthCorp

Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now

Check out some of our free video examples @ smartmoneytrading.com/insights/

Also on:

Related publications

CCI - Pennant breakout Earnings play $82.50/$85 Feb-17 Puts

by AcornWealthCorp

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

AcornWealthCorp

Also on:

Related publications

CCI - Pennant breakout Earnings play $82.50/$85 Feb-17 Puts

by AcornWealthCorp