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


To: Scumbria who wrote (108271)4/28/2000 2:26:00 PM
From: niceguy767  Respond to of 1582684
 
Scumbria:

Re: "I'm starting to wonder why I have so much money invested in expensive January calls. It might make more sense to put some of it in out of the money May options."

Comment: It's called being conservative, isn't it? (Never thought I'd make that distinction when referring to calls, but it does seem appropriate with this AMD racing car!)



To: Scumbria who wrote (108271)4/28/2000 2:28:00 PM
From: Kenith Lee  Respond to of 1582684
 
Scumbria,

Option is never meant to be for long term. It is all about timing.



To: Scumbria who wrote (108271)4/28/2000 2:44:00 PM
From: Goutam  Read Replies (1) | Respond to of 1582684
 
Scumbria,

> I'm starting to wonder why I have so much money invested in expensive January calls. It might make more sense to put some of it in out of the money May options.

Once I had 50 AMD Jan'01 $30 call options (in Sep'99 I believe). Bought them for $5.75 when AMD options used to go for peanuts. Sold them for $9.00 to invest in the near term out of money call options and as of now, if I had kept them I would have been ahead by at least $220K!

Goutama