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

To: that_crazy_doug who wrote (102290)	4/5/2000 2:39:00 PM
From: chic_hearne	Read Replies (2) \| Respond to of 1578294

Re: Sold half (10) of my April 60s at 9 3/4. (not bad, I bought them about 3 weeks ago at 2 1/2). thread, Lot's of the "options junkies" making moves today. I'm holding out, I think I can get much better for my April 60's and 70's. I think think today's high of $68 and change is nothing compared to what we will see over the next 5 trading days. We'll see... chic

To: that_crazy_doug who wrote (102290)	4/5/2000 3:02:00 PM
From: Petz	Respond to of 1578294

crazy_doug, <Still debating about whether or not I want to roll the money into more options, or if I want to just buy stock with it. Currently, there aren't any options far enough out of the money to have low prices, so I'm thinking of sticking the profits into stock. > What I would do is sell out of the money calls against the ones you are long, rather than selling the calls outright. You might as well profit from the exorbitant premiums that are available. Once approved for this, your broker should allow you to do it almost automatically, but at my broker (edreyfus), you have to call and can't enter the "short" order online. Petz