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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 216.15+0.2%12:53 PM EST
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To: kash johal who wrote (531)7/12/2000 11:32:09 AM
From: EricRRRead Replies (2) of 275872
 
Kash- you've made a mistake.

In times like these one should buy puts to protect their position, but not mindlessly bail. I bought july 75 puts to match some one my call positions. I assume that you meant that you sold your CALLS, or covered your puts, but not sold your puts. NOw is the time to be bullish on AMD calls, and perhaps by some puts as a straddle. Anyone here who sells out of the money calls as risk management is making a mistake. Buying OTM puts is a better defense IMHO.
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