For those, who are new to my daily market comments, I place and document one of my options trades each day with the objective of helping everyone learn how to trade options.
What's my trade for today?
#AMD (#AdvancedMicroDevice) $65 put expiring on 03/02/2023, right after the earnings. The stock was at $77 a couple of trading days ago so I have this feeling that the stock is ready to march higher soon. I selected a short expiration hoping for a quick profit, but if it doesn't work out then I will have plenty of opportunity to roll out to March and collect heaps more premium.
Trade Type: Short Put
Expiry: 03 Feb
IV Rank: 32
Cap Req: $905
Annualised Prof at Expiration: 928%
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.