Hello and happy Thursday to my subscribers! I sold an AMD 0.00%↑ put with a $485 strike and Nov27’26 expiration today in order to capture premium on a volatile asset.
This generated approximately $2100 in premium and I will be looking to capitalize at least 50% of this premium before buying back this option. AMD 0.00%↑ is a highly liquid equity and it’s options are no exception.
I chose writing a put on AMD 0.00%↑ over several other equities because of how the chart looks and the risk-to-reward on these names. Other options were META 0.00%↑, GOOG 0.00%↑ and BABA 0.00%↑. I will keep the money as dry powder for now while I figure out the best investment case.
I will let my subscribers know if I buy this back sooner by updating this post so stay tuned!
As always my content is not financial advice so please do your own due diligence when investing your own money.
Nice work! Did you grab your $BABA put this morning? I added to my position.