AMD just set up exactly this scenario.
Here’s what caught my attention yesterday: While the broader market debates extension levels, AMD just got handed the perfect fundamental catalyst heading into their November 4th earnings.
We’re talking about the OpenAI partnership announcement creating momentum that sets up what I call an “earnings profit surge” – that beautiful phenomenon where positive news creates sustained buying into the next catalyst.
The kind of setup where the timing just makes sense.
Yesterday’s gap up and pullback might give us the exact entry we want before the real move begins. And with their earnings timing? The setup gets even better.
In today’s video, I break down:
- Why AMD stands out in this mixed tech environment
- The exact resistance level I’m watching for the breakout
- Multiple ways to structure this trade (monthly calls, scaling strategy)
- The specific target zone this earnings runway projects
- How the OpenAI catalyst amplifies the opportunity
YOUR ACTION PLAN
I’m positioning for this move by going out past their November 4th earnings with monthly options.
Looking at out-of-the-money $250 calls to capture the full extension potential if this breaks all-time highs. Multiple entry strategies available depending on your risk tolerance – I’ll walk through each approach in the video.
When fundamental catalysts align with earnings timing, you pay attention.
WATCH THE FULL TECHNICAL BREAKDOWN HERE
