AMD Levels to watch

2 thg 2, 2022Looking at some key levels of local support and resistance that has played out in the past. Keeping an eye on the options chain and price movement to look for a bearish or bullish position - it is in no mans land right now. If AMD breaks down to test 117 and gets a VOLUME increased bounce then calls above 122.5 could be considered ATM of slightly OTM. If AMD breaks down to only 122.5, then a bounce with volume and the right signals from the HMA /QQE/SO I would consider calls back to 130, a break over 132 could lead to 136.