+ 7.05
+ 2.21%
+ 4.00
+ 1.18%
+ 6.32
+ 1.54%
+ 1.27
+ 0.94%
+ 1.54
+ 0.9%

Todd Gordon's Bullish AMD Option Trade

December 5, 2019 4:55 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Todd Gordon's Bullish AMD Option Trade

Todd Gordon of TradingAnalysis.com shared with the viewers of CNBC's "Trading Nation," his bullish options strategy in Advanced Micro Devices, Inc. (NASDAQ:AMD).

The stock broke its long-term resistance and Gordon believes it's going to continue to trade higher. He has also noticed a big open interest in the January 2021, $65 strike calls and he sees that as a bullish sign.

To make a bullish bet, Gordon wants to buy the February 2020, $40/$45 call spread for $1.85. The trade breaks even at $41.85 and it can maximally make a profit of $3.15. If the premium gets cut down to 92 cents, Gordon is going to close the trade.

Related Links:

Decoding AMD's Breathtaking 2-Year Rally

Bank Of America Likes AMD, Nvidia Ahead Of 2020 Gaming Market Recovery

Related Articles

Cramer Thinks Credit Card Stocks Could Be Winners Of Economic Reopening

Jim Cramer is sharing thoughts on why some stocks are trading higher or lower that shouldn’t be. Cramer on Credit Cards: The discussion Monday morning on CNBC showed that many of the large banks were trading higher. “Visa and Mastercard are the real winners of reopening, not JPMorgan.” read more

'Trading Nation' Traders Weigh In On AMD

On CNBC's "Trading Nation," Mark Tepper of Strategic Wealth Partners revealed that he sees the weakness in Advanced Micro Devices, Inc. (NASDAQ: AMD) as a buying opportunity. read more

Alibaba, Tesla Among Cramer's Stay-At-Home Stock Ideas

On CNBC's "Mad Money," Jim Cramer said that he would avoid index funds that are trying to mimic the movement of S&P 500 right now, as they include energy stocks, cruise line stocks and other out--of-favor names. read more

Adobe, Microsoft And More 'Fast Money Halftime Report' Picks From October 21