$AMD $SPY Trade #1 update. As the first hour of trading closes AMD has closed nicely over the 1 hour 21. I am still holding some AMD puts, but am not nearly as bearish as i was Friday. Looking to see how the next few hours play out. If the day closes over 48.60's I will probably close the position. I try to be patient especially on Mondays as I find the first hour tends to be explosive. Additionally if the 1 hour candles retest the 1 hour 21 and bounce again I will close. I want to see if it acts as support or resistance. If AMD does get bought on the retest of the 1 hour 21 and it looks strong I may even flip too long. At the moment still holding 7 $49 1/31 puts. Follow me for more trade analysis and discussion.