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Politics : Formerly About Advanced Micro Devices
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To: niceguy767 who wrote (109862)5/9/2000 10:44:00 AM
From: xun  Read Replies (2) of 1570342
 
niceguy,

Thanks for your response. Last week I actually sold May 100 against 75 but bought closed later. I think it's too late this week to sell higher against 75 because the premiums are not as high as last week. Market (techs?) seams to drift lower waiting for the FED rate hike. I suspect we will have deja vu all over again: after the rate hike, uncertainty is cleared and market cheers; at options expiration, the stock price actually firms up. We will get 3 days to deal with the May options after FOMC meeting (5/16?). I think I will hold 75 to the end if AMD doesn't touch $93 before expiration.

panic
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