Advanced Micro Devices (AMD) is once again getting hammered with the chip sector and is now down around 50% since we entered the position in mid-January. The reasons for the sector sell-off are well-known to investors. The Federal Reserve’s interest rate hikes caused traders to abandon growth stocks, with the tech sector getting hit particularly…
I am recommending we roll the short leg of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call spreads out one week to capture more income and reduce our cost basis on the positions. Please note that we will be looking to exit these positions next week or the week after rather…
The chip sector has found a short-term bottom, and the calls we sold on Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) are in the money. I am recommending we roll out a few weeks and to higher strike prices to avoid being called out and to capture more potential appreciation. AMD Jan 2023…
Our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) protective puts are on track to expire worthless. We will simply watch them do so. AMD popped this week following the release of the company’s earnings report. Although revenue and EPS missed expectations by a hair, revenue rose 29% year over year. Earlier this month,…
I am recommending we roll the short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call recovery positions out three weeks to generate more income. I then want to use some of that cash to purchase protective puts to hedge our positions ahead of Apple’s (AAPL) earnings, which are set…
I am recommending we roll the short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call spreads out two weeks to generate more income and reduce our cost basis on the positions. Given that TSM is expected to report earnings tomorrow, I am recommending we use the cash we generate…
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:…
I am recommending we roll the short leg of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call spreads out two weeks and to lower strike prices to generate more income and reduce our cost basis on the positions. 3 AMD Jan 2023 (1/20/23) 70/Sep Week Five (9/30) 82 Calls AMD Sep…
Given the market’s continued sell-off today, I am recommending we roll our protective puts on Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…
I am recommending we roll our protective puts on Advanced Micro Devices (AMD) to a lower strike price while keeping the expiration date the same. This allows us to keep our hedge in place while taking some profits off the table. The profit we book will reduce our cost basis on the position. Note: No…
