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

To: TimF who wrote (115453)	6/11/2000 1:23:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1576955

Re: "And even if AMD does take an unexpected dip before June expiration, you get the stock at a cost basis of $75 - your premium for the puts, assuming you have enough money available to actually buy the shares" The chances of a forced assignment are very low. This is one of the great things about writing options. If the price drops I have lots of options (choices - on pun intended) #1 I could allow them to be assigned and write CCs on them. #2 I could buy them back if it approaches the strike price and keep some but not all profits. #3 I could roll them out a month or more and lower the strike price with no out of pocket money. In fact I could do that multiple times if the share price should continue to slip. #4 I could roll them out a month or more at the same strike price and pocket more money. The number of contracts I can play this way is limited only by my margin. Isn't this more interesting than arguing about yields binsplits and benchmarks? EP