The negative news and events are filling all around the 2 current leader of Chip makers, AMD and Nvidia.
The most recent being Open AI has announced to be partnering AVGO to manufacture their AI cutting down the reliance of NVDA's chip.
All these slew of negative news have sent NVDA down almost 9% while AMD down 18% from their highs.
AMD seems to be heading toward a gap fill at 146 level where the price gapped up in mid July. Guess is that the gap will be filled, and likely to head even lower to only find support from the 150 and 200 EMA at mid 130 level.
This covered call opened 2 weeks ago has expired worthless. Will soon open another Covered call option to hedge against further down side.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.00 1Lot(s) | +100.00% Closed |
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- PeteLeacock·2025-09-06Great insights on the market moves! [Wow]LikeReport
- okalla·2025-09-07Great article, would you like to share it?LikeReport