How This Chip Stock Tripled Options Bulls' Money

AMD sports a more than 52% year-to-date lead

Digital Content Manager
Mar 22, 2023 at 2:55 PM
facebook X logo linkedin


Schaeffer's Expiration Week Countdown subscribers more than tripled their money with our suggested Advanced Micro Devices, Inc. (NASDAQ:AMD) March 80-strike call in three days. Below, let's dive into the telling points for this bullish bet, as well as how it played out so quickly. 

At the time of our recommendation on Sunday, March 12, potential pullbacks to the 21- and 200-day moving averages seemed like they could move in as support. In addition, AMD had broken through the $79.50 level, and its 200-hour moving average looked like a supportive trendline as well. 

Advanced Micro Devices stock had broken above all-time highs, but was also pulling back to a downtrend that was the site of a breakout in June and August, as well as the month prior. 

It's also worth noting equity's Schaeffer's Volatility Scorecard (SVS) ranked at 95 out of 100, meaning it typically outperformed volatility estimates. Premium were affordably priced as well, per AMD’s Schaeffer’s Volatility Index (SVI) of 53% that ranked in the 26th percentile of its annual range.

AMD did in fact bounce off those aforementioned daily trendlines after pulling back to the $78 region, allowing traders to collect the full 205% profit. Last seen up 4% to trade at $99.72, the security is today trading at its highest level since August, while boasting a 53.2% year-to-date lead. 

 

 AMD 21 200 Days 2

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI