Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (84036)	12/22/1999 8:56:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1572507

Re: "Very interested in your strategy of selling puts. Don't you feel uneasy with the market condition, as it is?" Yes, and no. One should always be wary and keep an eye on the market. If necessary I could roll these positions out a month or more at a lower strike price. However, one should never write puts unless they are willing to own the stock at the put's strike price (less premium). I am long term bearish on AMD but short term neutral. That's why I usually only write puts one month out. I wouldn't mind owning this stock at < $25 because I think there are enough people out there who are caught up in the AMD "irrational exuberance" that they will hold up the price, and there is a chance I am wrong here. For the first time ever AMD has a viable product of their own. It is possible that they may make a go of it after all, I don't think so, but I could be wrong. If they do take off then I will follow them on the way up selling puts. This is a small part of my portfolio at risk here so no big deal. I write puts on lots of companies. EP