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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 203.14-0.8%Jan 9 9:30 AM EST

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To: Elmer who wrote (80059)5/14/2002 4:26:45 PM
From: Joe NYCRead Replies (1) of 275872
 
Elmer,

Getting a little nervous?

You can roll them to June and pick up $0.60


I didn't sell them at the day high, I got only $.30, but I will take assignment. My cost is about $11.70, and selling for $12.80 in about 1 month time is fine with me. Of course I will be angry with myself if the stock subsequently moves back to the $15...

Anyway, the 2nd half of my position has June 12.50 calls sold against the shares. I don't see the stock zooming out of its trading range, above $15, or going down below $10, so I am just trying to make a point, or half a point here and there.

Joe
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