$AMD Nearing Breakout - Bullish Options Activity

1 Ara 2020

AMD Broke out of a nice double bottom base yesterday through ~$88 resistance. It's possible that level gets tested as support later this week.
Expecting to see further strength near term, with a break out to fresh all-time highs. Once we get a close >$100, expect a swift move to $110+.

Bullish Options Flow Yesterday:
- 9.8M deep ITM $75.00 strike 12/11 calls traded (14x open interest coming into the day)
- 3.4M ATM $92.00 strike 12/11 calls traded (15x open interest coming into the day)

Near term target: $110-$115 range by early January



Note: This is NOT investment advice.