Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.00

+0.7%

3:59 PM EST

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To: niceguy767 who wrote (72968)	3/2/2002 3:31:36 PM
From: Bill Jackson	Read Replies (2) of 275872

NG, So he made 45 cents on the calls that he sold. and he can be forced to sell those shares he bought at 14.09 for $15.00 eventhough they trade above that($15.15 or $1000.00) So he makes 91 cents plus the 45 cents for the sale of the calls for a total of $1.36 , less commissions. The fellow who paid 45 cents for the calls now get to buy the shares worth $15.15 for $15.00, for some loss at this time, at what time must those calls be exercised? before the end of March? or 1st March? I would say he has a good chance of making money ssometime in March, and no-one can take Elmers money away unless the shares drop to 13.64. He will probably have a stop loss in place and no one will exercise the calls while they are underwater. Is that how it is? or is my understanding of the mechanics flawed. A call allows you to force a person to give you shares at the strike price that you pay and a put is the opposite, it allow you to force sommeone to buy shares from you at the strike price? Bill

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