AMD is currently operating in a high-conviction bullish environment despite neutral technical trend markers. The combination of an RSI near 65 and a complete lack of immediate overhead resistance suggests a breakout is imminent. We are leveraging an IV Rank of 16 to buy cheap gamma via OTM calls before volatility spikes. Sentiment remains strong, and with earnings still a month away, the path of least resistance is up. We are playing for a fast move toward the $670-700 zone.

Stop: $513.22 · T1: $670.05 · R:R 1.25