AMD (AMD) Offering Possible 28.21% Return Over the Next 9 Calendar Days

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AMD’s most recent trend suggests a bullish bias. One trading opportunity on AMD is a Bull Put Spread using a strike $80.50 short put and a strike $75.50 long put offers a potential 28.21% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $75.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for AMD is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for AMD is bullish.

The RSI indicator is at 76.3 level which suggests that the stock is neither overbought nor oversold at this time.

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