Demo Options Plan after $AMD's 8.77% Surge: Bull Call Spread
The explosive rally of $Advanced Micro Devices(AMD)$ was primarily fueled by the blockbuster announcement of a strategic partnership with Meta Platforms.
$Meta Platforms, Inc.(META)$ will deploy up to 6 GW of AMD's AI compute chips, representing a potential multi-year order valued in the hundreds of billions of dollars.
This massive deal solidifies AMD's position as a credible challenger to $NVIDIA(NVDA)$ in the AI accelerator market, overshadowing recent concerns about near-term guidance and operational expenses.
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🎯 Key Price Levels of $Advanced Micro Devices(AMD)$
Immediate Pivot/Resistance: $215.22 (Previous session's resistance). A decisive break above this level could open the path to $230.
Primary Support: $213.22 (Previous session's support, now turned into a key floor). Holding above is critical for the uptrend.
Strong Resistance: $230 - $235 zone (Next major technical and psychological barrier).
🔮 Weekly Outlook
Expect consolidation and volatility near the $215 pivot. A successful breakout could target the $225 - $230 range in the coming week.
Failure to hold $213 support may lead to a pullback towards $205. The stock is likely to trade in a $210 - $225 channel as it digests the massive news.
🎯 Options Strategies
Strategy 1: Bull Call Spread
View: Cautiously Bullish. Expecting consolidation with a potential breakout above $215, targeting the $225-$230 resistance zone.
Option Contract Portfolio:
Buy to Open: 1 AMD Call, Strike $215, Expiry 2026-03-06, cost 5.13 *100 per contract
Sell to Open: 1 AMD Call, Strike $230, Expiry 2026-03-06, gain 0.88 *100 per contract
Max Gain & Loss:
Max Gain: $1,500 per spread (($230 - $215) * 100) - Net Debit
Max Loss: Limited to Net Debit Paid:
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Primary Support: $213.22 (Previous session's support, now turned into a key floor). Holding above is critical for the uptrend.
Strong Resistance: $230 - $235 zone (Next major technical and psychological barrier).
【Strategy 3: Broken Wing Butterfly (Call Skew)】 View: Neutral with a Bullish Bias / Range-Bound ($215-$230). Expecting consolidation with limited downside but a higher probability of a modest upside move than a large drop.
【Strategy 2: Short Put (Cash-Secured or Naked)】 Option Contract Portfolio: