- Trade: Call Spread
- Buy AMD February $24 call for $3.75
- Sell AMD February $35 call for $1.00
- Total Trade Costs $2.75
Advanced Micro Devices has been a breakout stock as the chip maker is expected gain inroads on it’s data center chips. Kevin Kelly, Benchmark Investments managing partner, discusses his options strategy on AMD with Bloomberg’s Abigail Doolittle on “Bloomberg Markets.”
In particular, Kevin Kelly highlights how there is the potential for sales-expansion opportunities in AMD’s data center CPUs and GPUs which is spurring investor momentum. Server chips provide AMD with the opportunity to increase sales and widen margins as volatility of blockchain is fading.
Kevin Kelly serves as the Index Portfolio Manager for SRVR – The Benchmark Data & Infrastructure Real Estate SCTR℠