Good find @leonx81 that looks good for the Q3. There is noticeable short selling this morning. Let's hope they create their own trap.
Nice recovery so far on AMD as NVDA and INTC are down. I would not be surprised if it goes green today
I got a 1st tier test bid in for 11 cents on the $12 calls but no bites yet. I had them in for a nickel when the trades were not going through I show Jan 20th 2017 though
The bad news is there was on cigar today. The good news is the drop was on very low volume. As seen below AMD's closest competitors were down as well. Note that NVDA was down on strong volume. The RSI bounce point is getting closer as it has been more accurate than support.
These 5 Blue-Chip Stocks Are Breaking Out in August Up first ton the list is Advanced Micro Devices (AMD) . AMD has been one of the outstanding performers in 2016, up more than 130% since the calendar flipped to January. To be sure, it's been a massive rally -- but don't worry if you've missed the move. That's because AMD looks like it's on the precipice of another breakout in the short-term. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more. AMD is currently forming an ascending triangle pattern, a bullish continuation setup that's formed by horizontal resistance up above shares (at $7 in this case) and uptrending support to the downside. Basically, as this tech stock bounces between those two technically important levels, shares have been getting squeezed closer and closer to a breakout through their $7 price ceiling. When that happens, we've got a buy signal. Not surprisingly, relative strength, which measures AMD's performance vs. the rest of the broad market, is looking strong here. Our relative strength line has been making a series of higher lows, and that uptrend in that indicator is still intact now. That uptrend in relative strength indicates that shares are still beating the rest of the market right now. Once $7 gets taken out, it's time to jump into this tech trade. https://www.thestreet.com/story/13678777/2/these-5-blue-chip-stocks-are-breaking-out-in-august.html
Zen Q&A with AMD's CTO: 'We’re bringing competition back to high-performance x86' After being frankly astounded by AMD’s demonstration of its Zen microprocessor on Wednesday, we simply had to sit down with AMD chief technical officer Mark Papermaster to find out more. Below is our interview, lightly edited for length and clarity. (Confused what we’re talking about? You might want to read our Zen performance report before diving in.) PCWorld: Wow. Leading up to this, there were a lot of doubts on the Internet about Zen’s performance, that it could be lower than Intel’s Ivy Bridge. Clearly, you guys have demonstrated that you can run with Intel’s biggest dogs. Papermaster: What we said a year ago—I guess it was in May, at the financial analysts’ meeting, and I know when I put down that 40-percent IPC number, I got a lot of looks back, saying, “Really?” But the team was so focused. It was a very proud team at AMD. And they’ve had such a history of great designs. And as I showed in my presentation, it’s been innovation after innovation. We had let a gap develop in CPU performance. This was a great job by the team, to bring us back. Zen had been in development for how long? Not quite four years. Clearly you’re in a chess game with Intel. And tomorrow, when Intel reads these stories, I wonder if they’re going to cut prices. Do you keep prices low and go for as much volume as you can with Zen, or keep them high and raise your profit margins? Read more: http://www.pcworld.com/article/3109...competition-back-to-high-performance-x86.html
We been talking about ZEN for sometime that it could be the next driver. Funny how the Street.com has had a sell on AMD all year Advanced Micro Devices (AMD) Stock Climbs, New Processor Targets Intel NEW YORK (TheStreet) -- Shares of Advanced Micro Devices (AMD) were advancing 5.61% to $7.05 early Thursday afternoon after the company unveiled a new microprocessor, Zen, meant to compete with Intel (INTC). During an event Wednesday night in San Francisco, CEO Lisa Su revealed working versions of the chip and said the Zen processor can challenge Intel's fastest processor on the market, VentureBeat reports. The company is focusing on high-performance CPUs and GPUs with the Zen processor. The first products to sport a Zen core will be the Summit Ridge and Naples processors, which Advanced Micro Devices plans to supply for thin laptops, high-powered gaming computers and data center servers, according to VentureBeat. The Summit Ridge processor will be released in the fourth quarter of 2016, while Naples will debut in the first half of 2017. Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Rating rated this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and poor profit margins. https://www.thestreet.com/story/136...sor-targets-intel.html?puc=yahoo&cm_ven=YAHOO
TTT still looking at those Jan 2017 options? I've just been watching them steadily go up on bid this morning. Spread is still ~15 cents.
Thanks Joe, when I was originally going after the 12's I was looking at 5 cent or a little higher. I still have my Jan 20 5.50's and 7's that I paid less than what they now want for the 12's so I will pass for now. Looks like AMD is pushing back up near the HOD as I type
I bought some Jan 2017 11 calls earlier this week. got them for .18 - bit of a gamble. Might exit soon
