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

To: eplace who wrote (103525)	4/10/2000 11:41:00 PM
From: Charles R	Respond to of 1579768

Ed, <AMD April Max Pain jumps $20.00 to $55.00 for those of you interested. This is up from Friday's numbers. Option volumes have exploded. Guess this means we may be in for some volatile moves in this stock. > Interesting data. I guess this means that a lot of options folk are selling deep in the money options (i.e. take money off the table) and purchasing at the money or out of the money options (a la Scumbria) - probably a smart move given the dumping AMD took after the last earnings report. Alternately there are a whole bunch of new options players coming in recently at higher strike prices. In either case, it seems to me that there are massive amounts calls being written north of 70. This could be tough resistance unless a lot of institutional (or other) momentum kicks in after the earnings. Does this options activity condemn the stock to sub-80 range at options expiration regardless of the earnings? Any thoughts? Chuck