Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 211.60

+0.4%

12:49 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chic_hearne who wrote (920)	7/17/2000 4:50:05 AM
From: Gopher Broke	Read Replies (2) of 275872

Chic, No investment advice, just another opinion of how the next few days might pan out. (At present I hold 300 July contracts, including 100 of $80 and 80 of $90.) The share price has behaved remarkably well so far moving into expiry. This is abnormal for AMD. I think the options writers have been keeping their powder dry, letting the price find its own level for a couple of days. They only need to push down hard in the two days after earnings. Question is whether they have enough shares ready for dumping to counteract the shorts that I think will be looking to cover on Thursday/Friday. On balance I am not very confident that AMD can close above $95 on Friday. Therefore, after staring at spreadsheets over the weekend, I cannot justify the risk of staying with the July calls despite the leverage they give me. I am looking to exit today and buy back after Intel's CC with a smaller amount of July options(enough for some fun but less stress!) plus Jan 01 calls. (I think Intel's CC will bring the market down a bit and AMD with it to produce a short-term roll forward opportunity.) Good luck with whatever you decide to do.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next