Big selloff in the semiconductor industry so I am doubling down. My preference would be to sell more INTC but for the sake of slight diversification I decided to go for #AMD with only a couple of weeks till expiry.
Considering that the stock dropped a fair bit over the past 3 days I feel that the current price level is already attractive so going much lower to $95 with my strike seems like a safe bet. It also has an 89% probability of profit, which gives me even higher confidence.
What's even more beautiful is that when I selected the trade the April $95 put sold for $0.88 and at close it was already at $0.64. The movement happened so fast that I only realised it after market close so I could not close the position and take the immediate profit.