AMD is a strong buy ('absolutely love') as a 'baby Nvidia'; bullish on 650 calls for next week contingent on pullback or holding near 630.

So, let's talk about your first pick today. You've brought AMD to us, trading higher on the session. We're up about a half a percent, but BFA upping the price target because of that Okami anthropic deal.

And at the end of the day, you know, a AMD, I hate to put them down, it's just kind of a baby Nvidia. I mean, it's the same sector. They make very similar products. They just don't have, you know, quite the star power of Jensen Wang. So, absolutely love AMD.

And then I did want to point out um that you know normally I just talked you know buying the stocks etc. But um really interested in the uh 650 calls for next week especially if this can either pull back a little bit or really just kind of close right here where it as is right at that red to green line we call it of about 630.

But if you're an options trader, definitely keep an eye on those 650 calls for next week.

All right, so your break even here for AMD is 661. Right now, we're at 63128. Well, for now, we are uh you know, holding on near the highs that we established yesterday here near about 63080.

So quite close, almost on the nose there. Exactly. Here. A few things that interest me about this chart. One is that the open that we saw a few days ago lines up very closely with those old highs that we saw from this rangebound area.

We had a floor accompanying our our high point there near about 451. We also had the gap open up near 560. So today's or yesterday's candle, excuse me, also is fairly interesting because it represented a harami candle followed by a bullish engulfing candle.

So the red harami candle completely contained within the previous day's larger green candle referring to the real body for both the distance from the open to the close excluding those those wicks those intraday uh uh fluctuations here but also showing today's larger green candle completely swallowing up the previous day.

So if we do get that bullish follow through following the bullish engulfing candle that would be the confirmatory signal here. So far, we seem to be on pace. Uh the day is still quite young, but we do see seem to be on pace for a higher close so far.

Um so now we can see that our 5-day EMA 61327 is the closest moving average that could provide potential support. Our 21-day EMA near 548 would represent a break below our trend line here.

RSI, our measure of momentum above the 73 level now. So in the overbought area, not quite making a new relative high though, so not exactly what you'd want to see. A tiny amount of bearish divergence so far.

So look to see if that gets resolved as the day con uh continues. 528 to 5 472 is where we have most of our trading activity. Uh a small pocket of activity here as well at these elevated levels just above 600.

All right. And like you mentioned, we're at 63139 for AMD right now. We're up about a third of a percent. They've given back about uh 20 basis points since we started talking about them.