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AMD Shares Pop After Elusive Stock Upgrade

by | Feb 22, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take another look at semiconductor manufacturer AMD after it received high praise from one of its top critics…

After a decade-long freeze out, Advanced Micro Devices has once again earned an “outperform” rating from Bernstein Research — the firm’s highest rank.

A combination of strong performance history, a closing acquisition of cloud service chipmaker Xilinx, and the market’s recent pullback helped get the company back into Bernstein’s good graces.

The news helped pop AMD shares as much as 4.7% from Friday’s closing price and bullish traders were quick to pounce, sweeping up more than 31,000 contracts of the Feb. 25 $120 strike calls for over $488,000 in premium!

Of course AMD wasn’t the only name seeing outsized order flow Tuesday. I have two more top trades hitting Tuesday’s tape below…

  • Advanced Micro Devices Inc. (Nasdaq: AMD): Feb 25 $120 CALL. 
  • SPDR Gold Shares (NYSEArca: GLD): March 18 $178 CALL.
  • The Kraft Heinz Co. (Nasdaq: KHC): Feb. 25 $40 CALL. 

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!  

For more guidance through the stock markets and big-money trades like these through earnings season, check out my Weekly Blitz Alerts strategy!

Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”  

But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”  

By doing this, we cash in whether the broader market is going up, down or sideways. 

The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell. 

If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!  

In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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