Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 210.78

-4.8%

Dec 12 9:30 AM EST

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To: Elmer who wrote (72952)	3/3/2002 3:02:06 AM
From: Joe NYC	Read Replies (3) of 275872

Elmer, Purchased @ $14.09 Wrote March $15 CCs for .45 I don't intend to let those get assigned so I will roll them out to April or May if AMD stays above $15. What do you do when the stock goes up, let's say to 17.50 0r 20? I haven't really come up with the right strategy to deal with that situation. For example, with AMD, I am willing to buy at or below 15, and sell at or above 15. If my $15 CC get assigned, I would be reluctant to buy back at higher. Buying the calls back and rolling out a month earns little premium, if the calls are in the money, and just the spreads between bid and ask on the in the money calls tend to erase most of the potential profit. Joe

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