AMD at $350 and Tesla at $600? The Bulls Are Strapping In While the Bears Sell Covered Calls

$AMD and $TSLA are the tickers eating up all the oxygen on finance YouTube right now — and for very different reasons. Seeking Alpha's channel is running collar strategies on both, selling covered calls and using the premiums to buy downside protection. The AMD bull case still has teeth though: a 12-month price target of $350 is floating around, and the position size suggests this isn't just a casual flirtation. Tesla's target is even spicier at $550–$600, which is either visionary or delusional depending on what Brent crude does next week.

Meanwhile, the macro picture is doing its best to ruin the party. Andrei Jikh's channel is sounding the alarm on credit spreads blowing out while the S&P 500 pretends everything's fine — a pattern that has preceded bear markets 3 out of 3 times in the last 20 years. Oil at $109/barrel with the Strait of Hormuz drama ongoing means stagflation risk is very real, and the Fed is essentially stuck holding a grenade with the pin already half-pulled.

The Traveling Trader notes the S&P 500 forward PE has compressed to 19x while earnings estimates got revised up 14% — which is actually the most quietly bullish data point nobody's talking about. If you can stomach the geopolitical noise, AMD and Tesla both have institutional thesis intact. If you can't, well, those covered calls are looking pretty smart right now.