1/25/2019 – $AMD

AMD

Stock Overview: Xilinx reported blowout numbers sending semiconductor stocks higher yesterday then Intel missed revenue estimates sending semis back down after hours. $AMD got smacked to $20.25 from $21 in sympathy, but was bought back up to unchanged. Pre-market $AMD grinded back to $21 so I knew there were plenty of shorts trapped with ave under $21.

Market Overview: The market has been choppy, but futures were pointing to sizeable gap up higher on the open.

Technicals: The stock opened up green hitting 21.11 in the first 10 min of trading on high volume.

Trade: The trade was buying VWAP $21 risking $20.69 (well below pre-market bottom channel)

Summary: Entered the Jan 25th $20 strike calls at 1.04 with the stock hovering at VWAP. Exited $21.28 based on the Jan 8th/9th highs.

Result: +.24 contract

 

 

 

Trade Plan
Stop:$20.69
Entry: $21
Target: $21.35

Actual Exit: $21.28

Risking .31 to make .35

 

1 Year Trend: Neutral
200 day: Below
100 Day: Below
50 Day: Below
Weekly Candle Low: 19.02
Weekly Candle High: 21.05
Average Daily Volume: 101M
Opening 10 Min Volume: 10M
52 Week High: 34.14
52 Week Low: 9.04
Short Interest: 17.86%

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