Here is a way to collect an upfront income stream from one of the market’s hottest stocks, which you keep no matter what, while lining up a chance to buy it at a serious discount if it ever pulls back.

Advanced Micro Devices (AMD) has been on an absolute tear, returning +303% over the trailing twelve months to trade around $557.89 a share. For investors who feel they may have missed the initial surge, there is a strategy that pays you a significant, immediate income for simply agreeing to buy the stock at a price well below where it trades today. You get to keep that income regardless of what happens next.

14% annualized yield at a 50% margin of safety by selling put options.

• Sell a put option on AMD expiring 6/17/2027, with a…