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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: economaniack who wrote (159353)5/19/2005 3:03:21 PM
From: Elmer Phud of 275872
 
Economaniack

For your sake I hope your May $16s expire worthless but for my sake I'd like to see it cross $16. It could be close.

I'm thinking of selling the July $16s or $17s rather than June. My reasoning is that I expect AMD to post another loss and it could be getting obvious sooner rather than later. If I'm right that will hold down the share price. Better to get 2 months premium than 1. Selling the $16s rather than the $17s would give me more premium but I could be wrong in my forecast. I guess I could always roll... I'm short the July $15 Puts as well.

I'll decide on Monday.
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