AMD UPDATE--TAKE PROFITS & Hedge
We hit $25 target TOO Fast--SELL two positions and hedge #3
This AMD short squeeze just hit our $25 target in 5 days...THAT is going ballistic. The HUGE volume today and reversal says "capitulation high" if I ever saw it.
ACTION: SELL 2/3 positions with the most profit
SELL --$25 August 31 call option for $1 or more premium against your remaining position
BUY $24 September Put Option 30 cents or better for insurance
We are working on new target but it is INSANE to not take advantage of the melt-up short covering. MAYBE see $30 2019
HOPE it pulls back to $22-$24 support...
RING THE BELL!!!