Fast Money Blog- 3/17/23

This week we saw levels of extreme volatility in the U.S. stock market, due to the concerns of a potential regional bank crisis in the U.S. 

But the surprise of the week came from Advanced Micro Devices, Inc. (AMD). Let me explain:

On Wednesday, March 15th, AMD announced its brand new 4th generation EPYC Embedded microprocessors, which will provide technology and features for embedded networking, security/firewall and storage systems in cloud and enterprise computing.

So what does this mean, exactly? And why is this newsworthy? 

In simple terms, AMD will be able to charge hundreds of millions of dollars for this latest generation of energy efficient processors, thus boosting its top-line quarterly revenue. 

This is why shares of AMD popped significantly on this news. 

Over the past 5 trading days, AMD went from a low of $78.75 on Monday to Friday's close at $97.84.

I expect volatility to continue through next week. Three to four week out of the money covered calls continue to be your best money maker. 

Tyrone Jackson, The Wealthy Investor