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

To: chic_hearne who wrote (103449)	4/10/2000 3:34:00 PM
From: 5dave22	Respond to of 1574591

So AMD really DOESN'T trade in a vacuum. Shucks.

To: chic_hearne who wrote (103449)	4/10/2000 3:37:00 PM
From: 5dave22	Read Replies (1) \| Respond to of 1574591

U.S. Options-Advanced Micro vols up ahead of earnings CHICAGO, April 10 (Reuters) - Implied volatility in options for computer chip maker Advanced Micro Devices Inc. (NYSE:AMD - news) stayed high on Monday as the stock spiked to a new 52-week high ahead of first quarter earnings expected this Wednesday. New York Stock Exchange shares of Advanced Micro Devices were up Monday afternoon 1-1/16 to 75-7/16, off its new high of 79-1/8. Implied volatility for the active April 70 puts stood at around 98 to 100 percent, up from the mid-90 percent level last Monday but mostly unchanged from Friday, said Dan Koutris, designated primary market maker for KFT DPM at the Chicago Board Options Exchange. ``I think the general market volatility is higher and people are expecting at least 52 cents a share from this company,' he said. Advanced Micro's earnings are expected on April 12. The revised earnings consensus for Advanced Micro Devices' first quarter is 52 cents a share according to a survey of analysts by First Call/Thomson Financial, which compiles brokerage estimates. In the year-ago quarter, the company had a loss of 81 cents per share. ``There is widespread interest in the chip sector,' the market maker said. He cited brisk put institutional selling, especially in the April 70 strike price, early Monday before the stock ran up. The busiest option was the April 70 puts on the Pacific Exchange, which slipped 3/4 to 2-3/4 on interexchange turnover of about 11,617 contracts and open interest of 1,333 at 1:30 p.m. CDT (1830 GMT). <Sorry if this is a re-post> biz.yahoo.com Dave