TradeKing Blog Impetus for me getting out of AMD calls and into puts

So AMD dropped to about 11.21 as a low on open. Then quickly did a rebound to 11.46 - that level was as about as high as you were getting today so far given the moving averages pushing price down on the 1 minute chart. As I suspected, my move was good to exit the calls near that level on the rebound move and get into puts quickly near the same level of price. Price is now gently showing more weakness and I see about 11.25 for about a 4.4 % or so down move on the day. Note 11.20 is the next price target which is in range. Read MoreOptions involve risk and are not suitable for all investors. Click here to review the Characteristics and Risks of Standardized Options.Click here for additional TradeKing disclaimers.