I closed 1 lot(s)
$AMD 20240809 145.0 CALL$ ,AMD has been a little strange lately. The share price has fallen over 27% from the recent high of $184 It is now trading lower then pre-earnings despite a stronger earnings report. Selling covered call option when stock price is at its low is extremely tricky, as the stock has a higher chance of rebounding since it’s at its bottom, making these CC contact in the money when one is not ready for the stock to be called away just yet. If one chose not to do any option and the stock ends up just trading flat, then this portfolio seems a little unproductive… 😅
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