Gaeilge said:
Just took a nibble on AMD 11/21 $240C at $10. It is flagging on the daily basis, and it has been on a nonstop news cycle recently. The 11/21 carries into their ER as well
To de-risk, you could sell the $250 to create a nice debit spread. Those are 8.60 x 8.70 right now. Or wait till it is $10 if it makes it for a risk free trade.
eta, if I was in the trade, I'd wait for $224 and sell the $250 against it.
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
