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

To: chic_hearne who wrote (105157)	4/13/2000 3:44:00 PM
From: kash johal	Respond to of 1572942

Chic, I guess I don't understand your point. The purpose of me buying the stock was because I am bullish on the stock. The purpose of selling covered calls is to reduce risk - i think you certainly understand that. If your point is that i would have done better waiting to sell covered calls - this is certainly true - with hindsight. However i have seen that premiums drop after earnings. And so if stock goesdown to mid 60's those premiums will be much less than $9. But after last quarters blowout earnings they sold off the stock and i didn't want to be in that position. regards, Kash