New Money Link Trade Alert:
Hey guys,
I’ve got a new core portfolio trade for you this morning!
But first, let’s exit the following core portfolio trade before jumping into the new one.
For the stocks, let's:
SELL TO EXIT ETSY AT $223 OR HIGHER.
BUY TO COVER BBBY AT $29 OR LOWER.
And for options, we'll:
SELL TO EXIT BBBY 04/16/21 P32 AT $4 OR HIGHER.
SELL TO EXIT ETSY O4/16/21 C230 AT $1.50 OR HIGHER.
And now, for our new core portfolio trade, let’s:
BUY AMD AT $82 OR LOWER.
SELL TO SHORT INTC AT $64.50 OR HIGHER.
And for an options play:
BUY INTC 05/21/21 $65 PUT AT $3.50 OR LOWER.
BUY AMD 05/21/21 $77.50 CALL AT $6.50 OR LOWER.
Also today, we're going to roll the following options:
SELL TO CLOSE QQQ 04/16/21 C320 AT $17 OR HIGHER.
SELL TO CLOSE IWM 04/16/21 P225 AT $3.75 OR HIGHER.
BUY QQQ 05/21/21 $340 CALLS AT $10.75 OR LOWER.
BUY IWM 05/21/21 $222 PUTS AT $8 OR LOWER.
This is an oldie, but a goodie. I’ve been waiting for the optimal point to re-enter this trade and now is the time. Intel Corporation (Nasdaq: INTC) has been running off of turnaround good will as they brought in new executives to turn the company around. And the stock has had a good run until recently. I expect Advanced Micro Devices Inc. (Nasdaq: AMD) to go back to eating Intel for lunch and for this Money Link to come back in a big way.
This Money Link has bottomed out down -43% in 2021!
But in the last five years it's still up 2762%….
LFG!
Jeff Zananiri
Joy of the Trade