Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.00

+0.7%

Dec 22 3:59 PM EST

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To: Bill Jackson who wrote (72970)	3/2/2002 5:37:49 PM
From: niceguy767	Read Replies (1) of 275872

Bill: "NG, So he made 45 cents on the calls that he sold. (Nope, they have to expire or you have to buy them back before you've made anything!!!) 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)" You haven't "made" anything unless you've unravelled the position or the options have expired, neither of which, has yet to take place...As I understand it, Elmer hasn't unravelled the trade but is "wallowing" in his momentary onside position equating that with a profitable trade which iincidentally could become unprofitable with a $14 open on Monday morning...My point here is that Elmer keeps talking about all his winnings with this one trade when in fact the trade has not been unravelled...Nice to see him onside,though...It's been a long haul for him with that put writing strategy of the past couple of years where he got put AMD at $39 and INTC at $70!!!

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