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

To: Elmer who wrote (98892)	3/17/2000 10:43:00 PM
From: steve harris	Read Replies (2) \| Respond to of 1579790

elmer, re"close at 50" NYSE close is 50 1/8 What a maroon. Make it so, Mysef

To: Elmer who wrote (98892)	3/18/2000 9:12:00 AM
From: niceguy767	Read Replies (1) \| Respond to of 1579790

Elmer: Re: " I have some shares in another account that are now uncovered and I am very tempted to write some April $50 CCs. There is am amazing $6 premium for them! That's a 12% premium for 1 month!!! Comment: I did notice that it closed right at $50 and I'm the proud owner of quite a few shares on Monday as I exercised my March 50's...Concerning April calls, I'm sitting on a goodly number of them and I won't sell them to you for $6 even though that's, in a relative sense, a very healthy timing premium...I won't sell them for two reasons...AMD is undervalued at $50 and has finished consolidating in the $50 range and now that the March options are out of the way, one can expect a swift move back to test the $58 - $63 upper 5 year trading range boundary...AMD Q1 earnings are likely to come in at $1.07 which will in all likelihood catapult AMD into the uncharted area well above $63...If correct in my near term assessment, APRil 50 calls will trade at $20 before expiry...Wait 'til after earnings releaase to write your calls Elmer! We're in the "buy call" zone at $50!