Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Petz who wrote (107822)	4/25/2000 2:29:00 PM
From: chic_hearne	Read Replies (1) of 1576600

Re: chic, don't figure on buying puts to protect your 200% long position in AMD. When you buy puts on the AMD, the "clock" for one year of holding period stops or resets to zero (not sure which). I would sell May 100 calls if you are nervous about being at 50% equity. John, Let me be more clear. Currently, if I exercised all of my options I would end up taking $755,000 on margin. I only make $51,000 a year, so if there was a disaster, I would be paying this off the rest of my life. If there was a more gradual downturn, I could take care of it. I'm worried about the overnight disaster and the fact that I'm 100% AMD. The only way I can keep all of these shares is to buy puts. Any recommendations? Please clarify "clock" statement you made, thanks. chic

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