Generate a little income on AMD

January 23, 2020 - 3:04 pm

Nothing super exiciting on this trade, shares of AMD currently trade at $51.25 and it looks to be in a slow and steady uptrend. We'd like to buy shares on a pullback or generate income from short Puts so we sold the Feb 2020 $45 Puts for $0.90 cents.

If shares drop below $44.10 we would either buy back the Puts for a loss or take the shares at that effective price.