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AMD net long

189
AMD settled into the range I had predicted a while back. I told myself if this happened and it pulled back to about 150, I would enter with size. I have decided to do just that and add it to my leading portfolio. We note an OBV breakout and hold, alongside a cooled BBWP. A rejection of the supply zone (red box), and no wicks into the demand zone yet. Volume is rising.

My plan:

I decided to stop waiting and pulled the trigger on a ~20,000$ LEAP spread

I chose this because I am very confident in the fundamentals here. I expect the stock to double in 3-5 years. I currently have zero direct chip exposure and wanted to solidify this entry.

Jan 2027 150/200 Spreads, I plan to exercise some of the ITM 150s, and sell the 200s as we roll along up and to the right, possibly buying shares with the profits.

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