Our Advanced Micro Devices (AMD) protective puts are on track to expire worthless. We will simply watch them do so.
We were able to pocket some profits on the puts by rolling, which helped to reduce our cost basis on the position. Depending on how the market behaves, we may continue to hedge it
Note: No action is needed on the AMD Jan 2023 (1/20/23) 70/Oct Week Two (10/14) 70 Call Spread at this time.
Current Stock Price: $64.67
Cost Basis: $100.54
Action: Watch 3 AMD Sep Week Five (9/30) 60 Puts expire worthless