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

To: Kenith Lee who wrote (106804)	4/19/2000 11:51:00 AM
From: TimF	Read Replies (2) \| Respond to of 1574485

Thanks to everyone for the options info. The handbook was mailed along with the forms. I don't know how they would know if I read it or not. So I guess I won't be writing options although I hope I can get level 2 without waiting too long. I'm not interested in writing covered calls on AMD (the only stock that I have more then 100 shares of) unless options that are signifigantly more out of the money are added. Well maybe I will at least get margin privliges and use that to increase my AMD position about 20%. I don't think I would be at much risk of a margin call by doing this. BTW - You say level 3 requires a margin account and a large equity balance. What qualifies as large? I'm fairly sure that my balance does not. Tim

To: Kenith Lee who wrote (106804)	4/19/2000 12:15:00 PM
From: niceguy767	Read Replies (3) \| Respond to of 1574485

Kenneth Lee: See it hit $78-15/16's a while ago...anew high for the day...This AMD wants to go much much higher...Looks like the INTC and IBM negative pall is short lived with respect to its effect on AMD...Been a long long time since I've seen a stock showing so strongly both technically and fundamentally at the same time...My money is already placed according to what I expect to be the outcome of all indicators lining up so positively and in unison...Really excited about the prospects of AMD closing over $80 in the near term!

To: Kenith Lee who wrote (106804)	4/19/2000 12:22:00 PM
From: that_crazy_doug	Read Replies (1) \| Respond to of 1574485

<< If you are new to options. You won't be getting Level 3 soon. You may get Level 1 after reading the handbook (required by law). After a probational period, you may apply for level 2 (they require you to read that damn book again). Level 3 varies from broker to broker. Some review your option trading history. Some require years in trading options. Level 3 requires a margin account and a large equity balance. >> Hehe, I got level 2 right away in 2 days without reading any book. (well I got the book a week after I started trading options). Though I may have some limits into what percentage of my portfolio is allowed to be in options. However, I'm probably about 15% right now because I've done so well on them.