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


To: chic_hearne who wrote (101680)4/3/2000 4:26:00 PM
From: Elmer  Respond to of 1578297
 
Re: "How much AMD are you up to? What are your thoughts about buying April INTC puts? I have a friend doing this. His reasoning is that after AMD's blowout Q1, INTC may see some profit taking (at least until April expiration).
I'm sticking to AMD personally."

If you don't mind, I'd rather not give exact figures but it I usually write 100-150 put contracts per month and I have been using the proceeds to buy shares for about 3 months now.

As for Intel puts, I never buy them but I also sell those each and every month. You are expecting a blowout quarter for AMD and you may be right but I believe Intel has been soldout completely for the entire quarter and will have good results as well. One thing I have learned though, after following Intel for many years, you can never predict how the market will react to earnings in the short term.

EP