Yesterday Advanced Micro Devices (AMD) received an upgrade from Goldman Sachs. Their rating went to a Conviction Buy from a Neutral, and gave a price target of $96 from $84.
Today I bought a 10 contract Call going out to 6/18/21. I bought 10 AMD 6/18/21 $82.50 Calls with a premium of $13.25.
Buy to Open 10 AMD 6/18/21 $82.50 C @ $13.25
I’ll watch this position closely. I’m looking to hold it for a week or 2 and hopefully make a dollar or 2 on the premium. A $2000 profit in a week will make me very happy.
Successful trading,
Steve
The Options Coach