SummitWealth

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**Credit Spread Trade Idea $AMD ** Sell to Open $AMD 590p Oct 23 Buy to Open $AMD 570p Oct 23 Credit: $6.85 ($685) This is partially a hedge against covered calls I have against $AMD. However, $AMD's recent breakout has shown incredible strength and appears positioned to move towards $650 or higher towards early November earnings. Risk: Midterm elections can add stagnation or volatility to the market which can affect the marketing moving higher but I think AMD will show relative strength as we move towards earnings.

If you were able to hold these through the week, we are likely to recieve full profit!

**Trade Idea - Weekly Credit Iron Condor $SPX** Buy to Open $SPX 7535 Sep 11 Sell to Open $SPX 7350 Sep 11 Credit: $1.50 We hit the expected move low for the week on SPX/SPY. These strikes are relatively safe but you could raise them for more credit If that fits your risk profile.

**Trade Idea Bull Put Credit Spread $MU ** Sell to Open $MU 830 Buy to Open $MU 800 Margin required: $3000 Filled: $4.65 The strategy here is to sell credit on $MU into earnings and ideally this trade is nearly 100% profitable before ER. We don't know what their earnings report will bring but we will remove our risk before earnings. #trading #earnings

**Trade Idea Aug 14 - $NBIS Long Call** Buy to Open Aug 28 300c Cost: 13.90 It appears the strength in $NBIS is not subsiding just yet, even with the Michael Burry short position news. Call flow is showing positions were opened for a $370 strike in September. If that comes to fruition, that is an incredibly large move. On the daily chart we have NBIS breaking yesterdays top wick. Targets: $290, $290 and $300 (all time high).

Make sure you take profit when it hits your target and never let a green take go deep red. $3k was made on this trade. What are you guys eyeing to trade next week?

**Trade Alert (Risky) $SPCX ** Buy to Open $SPCX Aug 21 145c $SPCX has had a lot of momentum lately, and it just broke out on the daily timeframe, so it has the potential to run this week. Have a stop loss in place as this is a naked long call. Target 1 - $143 Target 2 - $145 #trading #investing

**Trade Alert $AMD 💡** Strategy: Bull Put Credit Spread Sell to Open 440p $AMD Sep 4 26 Buy to Open 420p $AMD Sep 4 26 Credit $3.78 AMD has been putting in higher lows on the daily time frame since bottoming from the earnings sell-off. Looks strong, and I believe it should continue to hold, especially if it can break $500 again. #trading #investing #options #amd