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…
Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our leveraged recovery positions in Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) by purchasing puts. Note that these are purely…
The market sell-off this week and over the past month has been particularly unkind to the semiconductor sector. Fears of still-hot inflation and further aggressive rate hikes by the Federal Reserve have hit stocks like Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) hard. As you know, I am bullish on the chip sector…
The short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call recovery positions expired worthless last week. I am recommending new calls to sell today to reduce our cost basis on the positions. 3 AMD Jan 2023 (1/20/23) 70 Calls Current Stock Price: $78.73 Cost Basis: $112.24 Action: Sell to…
The short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) recovery spread positions are on track to expire worthless. After a strong July, the chip sector was hit hard in August on concerns about falling demand. As you know, I take a long-term view of the industry and think these fears…
The protective put we purchased on Advanced Micro Devices (AMD) prior to the company’s earnings report is on track to expire worthless, which is a good thing. The company reported quarterly results this week, beating estimates on the top and bottom lines with $6.55 billion in revenue and adjusted earnings of $1.05 per share. The…
Advanced Micro Devices (AMD) is scheduled to announce earnings later today. Shares have run up around 17% over the past week, helped by the House’s approval of a $280 billion bill focused on domestic semiconductor manufacturing and, presumably, in anticipation of a strong earnings report. I am recommending we roll our short call out to…
I am recommending we roll the short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) recovery positions out to generate more income. I then want to use that cash to help purchase protective puts to hedge against a potential sell-off following today’s Federal Reserve announcement. Since Advanced Micro Devices is scheduled…
It’s time to initiate a LEAP call recovery tactic for Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM). I covered this strategy in a recent coaching session. It involves using the capital after being called out of our shares — $7,500 per 100 shares for both AMD and TSM — to purchase long-dated call…
