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Politics : Formerly About Advanced Micro Devices

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To: Paul Engel who wrote (43730)12/21/1998 2:02:00 PM
From: Elmer  Read Replies (1) of 1573990
 
Re: "These are naked PUTS, I presume?"

Yup, naked as a JayBird.

Re: "For your reference, I think AMD reports Q498 earnings on January 13, just a few days before Options Expiration."

I only write puts at a price I would be willing to buy the stock at. Like you, I am looking at AMD as a trading stock and making money here is the name of the game. This put and covered call writing is what I've been doing with AMD for about a year now and I've done better than if I'd bought the stock outright. I wouldn't play this strategy on an investment quality stock, but it works for AMD.

EP
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