My #1 Momentum Stock for Today (and it’s not Apple)...
While Apple is set to report its Q2 earnings in only a few hours… Let’s focus on what really matters TODAY, right now.
Here’s how I put that exact mentality into play yesterday…
I believe I’ve uncovered an incredible momentum opportunity for readers today…
I found a stock that has $10,154,000 in unusual options activity so far this week…
Does someone know something we don’t?
Average Volume (50)*
Nio Inc - ADR
Scientific & Technical Instruments
Sanara Medtech Inc
Surgical appliances and supplies
Heat Biologics Inc
Inovio Pharmaceuticals Inc
Spotify Technology SA
Internet Content & Information
Advanced Micro Devices, Inc.
Software - Infrastructure
XpresSpa Group Inc
Sorrento Therapeutics Inc
Drug Manufacturers - General
BioNano Genomics Inc
Diagnostics & Research
AltiGen Communications, Inc.
Telephone and telegraph apparatus
T2 Biosystems Inc
Diagnostics & Research
Having stayed all cash in my portfolio overnight in anticipation of market volatility ahead of Apple’s earnings report…
A hot stock on Wall Street which has already reported earnings could be primed for profit today.
Advanced Micro Devices (AMD) crushed analyst expectations upon reporting earnings yesterday. The stock soared about 10% in about 10 seconds.
With earnings out of the way, now is the time when I’m interested in making a move or two on AMD...
This stock is wildly popular amongst traders due to its fast-paced momentum and unusual options activity.
And speaking of that, just yesterday an option player stepped in and bought:
Paying $1 Per Contract
For $104K in Premium
With markets pulling back overnight, will the bears cover their positions and give AMD a short-squeeze?
Or will AMD go lower with markets?
We don’t know… yet.
But here’s what I do know…
AMD has short-term support at $74.69. Should AMD lose support and trade lower, there is gap-down room to $70, in which case I’d be interested in a bearish position…
Above $74.69 and it could re-test Tuesday’s high of $77.19, in which case I’d be interested in a bullish position…
$74.69 will be critical support for AMD today.
I’ll be keeping an eye on my paid software to track the footsteps of Wall Street’s biggest money option players…
It’s possible they’ll give me a “well-timed hint” of where AMD could be headed next.
And how I could profit on the exact moves they try to hide from the public…
If I make a move on AMD, I’ll be sure to let you know.
Oh, by the way, I detailed AMD and a couple other stocks I’m watching in a premarket video I made this morning. You can watch it right here.
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.