AMD post earnings

May 02, 2023 11:10 PM 0 Answers
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What is your advice on buying puts after a stock like AMD disappoints . Its down $5 after hours.

When the market is in an uptrend I only think about being on the long side. AMD is an up trending stock in an up trending market. We can see that AMD had a negative response to earnings, and then bounced sharply.

I would buy puts on a downtrending stock only after it takes many weeks for it to weakly trade up to a moving average and then get knocked down like DOCU on April 12.Thank you for your question!





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