Market Overview

Kevin Kelly's Bullish AMD Options Trade

Related AMD
Morgan Stanley Says Intel 'Oversold' Its Technology, Raises AMD Price Target 150%
Piper Jaffray Pro: History Shows AMD Stock Could Fall Nearly 100%
AMD: How Long Can This Go On? (Seeking Alpha)

Kevin Kelly of Benchmark Investments spoke on Bloomberg Markets about a bullish options strategy in Advanced Micro Devices, Inc. (NASDAQ: AMD). He's bullish because he expects to see a strong demand for EPYC, AMD's server processor for data centers.

He wants to buy the February 24/35 call spread for a total cost of $2.75. The breakeven for the trade is at $26.75 and it could reach a maximal profit of $8.25 if the stock trades to $35 or higher at the February expiration.

Posted-In: Bloomberg Markets Kevin KellyOptions Markets Media


Related Articles (AMD)

View Comments and Join the Discussion!

Mike Khouw Sees Unusual Options Activity In Campbell Soup

A Peek Into The Markets: US Stock Futures Mixed Ahead Of GDP Report