My #1 Momentum Stock for Today (and it’s not Apple)... - InvestingChannel

My #1 Momentum Stock for Today (and it’s not Apple)…

While Apple is set to report its Q2 earnings in only a few hours… Let’s focus on what really matters TODAY, right now.

Here’s how I put that exact mentality into play yesterday…

I believe I’ve uncovered an incredible momentum opportunity for readers today…

I found a stock that has $10,154,000 in unusual options activity so far this week…

Does someone know something we don’t?

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
IBIO Ibio Inc Biotechnology 61.24% 39,980,440
TSLA Tesla Inc Auto Manufacturers 42.34% 15,318,081
NIO Nio Inc – ADR Auto Manufacturers 52.99% 163,821,306
MVIS Microvision, Inc. Scientific & Technical Instruments 44.97% 13,776,680
SMTI Sanara Medtech Inc Surgical appliances and supplies 7.88% 6,197
HTBX Heat Biologics Inc Biotechnology 60.09% 45,469,931
INO Inovio Pharmaceuticals Inc Biotechnology 39.01% 47,868,938
MRNA Moderna Inc Biotechnology 23.80% 28,024,030
SPOT Spotify Technology SA Internet Content & Information 30.65% 4,291,141
AMD Advanced Micro Devices, Inc. Semiconductors 30.83% 60,774,834
MSFT Microsoft Corporation Software – Infrastructure 10.36% 35,142,196
AMZN, Inc. Internet Retail 18.89% 5,152,574
XSPA XpresSpa Group Inc Personal Services -54.89% 8,995,729
AAPL Apple Inc. Consumer Electronics 15.21% 34,939,202
SRNE Sorrento Therapeutics Inc Biotechnology 50.19% 24,577,713
AZN AstraZeneca plc Drug Manufacturers – General 4.89% 9,175,200
BNGO BioNano Genomics Inc Diagnostics & Research 28.00% 34,139,676
NFLX Netflix Inc Entertainment 14.48% 9,078,879
ATGN AltiGen Communications, Inc. Telephone and telegraph apparatus 21.84% 47,188
TTOO T2 Biosystems Inc Diagnostics & Research 25.79% 16,422,135

Having stayed all cash in my portfolio overnight in anticipation of market volatility ahead of Apple’s earnings report…

A hot stock on Wall Street which has already reported earnings could be primed for profit today.

Advanced Micro Devices (AMD) crushed analyst expectations upon reporting earnings yesterday. The stock soared about 10% in about 10 seconds.

With earnings out of the way, now is the time when I’m interested in making a move or two on AMD…

This stock is wildly popular amongst traders due to its fast-paced momentum and unusual options activity.

And speaking of that, just yesterday an option player stepped in and bought:

1,040 AMD July 31 75 Puts
Paying $1 Per Contract
For $104K in Premium

With markets pulling back overnight, will the bears cover their positions and give AMD a short-squeeze?

Or will AMD go lower with markets?

We don’t know… yet.

But here’s what I do know…

AMD Daily Chart

AMD has short-term support at $74.69. Should AMD lose support and trade lower, there is gap-down room to $70, in which case I’d be interested in a bearish position…

Above $74.69 and it could re-test Tuesday’s high of $77.19, in which case I’d be interested in a bullish position…

$74.69 will be critical support for AMD today.

I’ll be keeping an eye on my paid software to track the footsteps of Wall Street’s biggest money option players…

It’s possible they’ll give me a “well-timed hint” of where AMD could be headed next.

And how I could profit on the exact moves they try to hide from the public…

If I make a move on AMD, I’ll be sure to let you know.

Let me know how YOU do today!

Oh, by the way, I detailed AMD and a couple other stocks I’m watching in a premarket video I made this morning. You can watch it right here.

Davis Martin
America’s #1 Options Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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