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Politics : Formerly About Advanced Micro Devices

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To: Gopher Broke who wrote (110116)5/10/2000 3:07:00 PM
From: Goutam  Read Replies (4) of 1583003
 
GB,

> I also have been buying more calls here. Picked up another 30 Jan 80s and also 30 May 80s at $4.

I know the May calls are a high risk but I think that when we bounce AMD will once again come back stronger than the rest of the field and I also think the pre-expiry manipulation will be aimed at the $85 strike. We should be at $80 on the strength of flash alone, for goodness sake.
>

Bargains galore - this was the first time I was in 100% cash during a market down turn. Picked up tons of AMD call options - May 75s @ $6 7/8, May 90s @1 1/8, July 110s @ $4, Jan,01 120s @ 11 1/8. The strange thing was, I had to place my limits above the Ask prices on all the orders (except May 90s) to get them filled. Even with my limits above the Ask, my orders stayed open for a long time.

Goutama
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