Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who wrote ()	5/9/2000 2:39:00 PM
From: chic_hearne	Read Replies (1) of 1584048

John, Ed, Ted, Jim, and others... I wish I would have listened to you guys and bailed on my May 90's. Right now, they are near worthless trading at 1 3/4 by 1 7/8th. I could have bailed at $7 only a few trading days ago. Good thing I only have 20 contracts that cost me $3 a piece. One thing I'm learning about options trading is that it's very hard when the expiration nears. I admittedly got extremely lucky on all of my April options. At that time I moved the bulk of my cash into July and January options. I still feel very good about those options. Worst comes to worst, I'll take a $6000 loss on my May 90's. This can help offset some of my April gains. Who knows? I'm riding these out until expiration, maybe I can get lucky again. Maybe all you chart guys actually know something? chic

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