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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (98325)3/13/2000 7:43:00 PM
From: kash johal  Read Replies (2) of 1580020
 
Scumbria,

re:"option play"

Well smart move IMHO.

I think the call prices have gotten extremely high on this puppy.

For example July 45 calls are running in $14 range.

You can buy at $52 and get a guaranteed 12-14% on the money within 3 months.

I just the AMD bulls have gotten too ambitious and are likely to be handed their heads for march.

The only thing that will kill the option writers is if AMD preannounce upward numbers for Q1.

However i think Jerry is very gunshy about forward looking public statements after the class action stuff last year.

regards,

Kash
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