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Politics : Formerly About Advanced Micro Devices
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To: Richard Wang who wrote (61926)6/16/1999 2:56:00 PM
From: Elmer  Read Replies (1) of 1572423
 
Re: "I sold July 17.5 and 20 puts for 1 and 2 1/2 respectively. My breakeven point is 17, 1/2 point higher than yours, but my profit potential is higher if AMD goes over 20 by expiration."

Good luck to you. I see the 20s as carrying much more risk. Expiration day is after earnings announcement and I expect another major disaster. Nevertheless, I think the possibility of a K7 success makes my picking up shares at 16 1/2 tolerable.

EP
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