Advanced Micro Devices (AMD) is scheduled to report earnings next week. I am recommending we buy back our call and sell our shares, as I do not want to hold a position through the announcement. We will re-enter the position by selling a put once the earnings dust settles.
Current Stock Price: $86.64
Cost Basis: $114.19
- Buy to close the AMD Apr Week Five (4/29) 100 Call for around $0.02
- Sell shares at market
New Net Debit: $27.53