[Selling to Close Puts on Advanced Micro Devices (AMD)/Selling to Close Apr 25 Puts (AMDPE)/Limit $3.80]
Dear Member,
AMD closed above $22.20 yesterday and has not dropped back down after the first hour of trading today. I am going to take my loss and place an order to sell the Apr 25 Puts (AMDPE) at a limit of $3.80.
I am now considering reversing the position and buying some calls as the stock now seems to have broken through resistance and returned to the uptrend line.
DISCLOSURE: At the time of publication, I own the Apr 25 Puts on AMD.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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