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

To: chic_hearne who wrote (107759)	4/25/2000 10:26:00 AM
From: Joe NYC	Respond to of 1575854

chic, why don't you just stick with the calls for some time? They actually these (July 45) calls still have some premium built in, and exercising them means just losing the premium. If AMD tanks to say 45, these calls will actually gain premium. If you are afraid of the correction, you can still buy puts. But whatever puts you buy, you will pay a lot for them, because this stock is very volatile. Joe

To: chic_hearne who wrote (107759)	4/25/2000 1:57:00 PM
From: tejek	Read Replies (2) \| Respond to of 1575854

I'm going to exercise maybe Friday or early next week. I want to see what comes out of AMD's shareholders meeting and INTC's meeting with analysts, both on Thursday. Chic and thread A rumor is circulating that AMD will announce a split during their shareholders meeting. ted

To: chic_hearne who wrote (107759)	4/25/2000 2:19:00 PM
From: Petz	Read Replies (2) \| Respond to of 1575854

chic, don't figure on buying puts to protect your 200% long position in AMD. When you buy puts on the AMD, the "clock" for one year of holding period stops or resets to zero (not sure which). I would sell May 100 calls if you are nervous about being at 50% equity. An even better alternative might be to buy a few puts on another semi stock which is overvalued. Actually, most brokers allow your equity to drop to 30% before they want more money. If there was a big semi industry correction and AMD dropped 10% and you were now at 40% equity, chances are you could sell the puts for a profit and regain your 50% equity position or more. Petz