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

To: Elmer who wrote (115972)	6/15/2000 1:34:00 PM
From: EricRR	Read Replies (2) \| Respond to of 1577019

Elmer: I rolled my June $85 short put position out to July $85s and picked up another $5 per share! What is this "rolling" term I keep hearing about? Is it simply covering your current options position and opening a new one, or is it more complicated? (perhaps conferring some tax advantage?)

To: Elmer who wrote (115972)	6/15/2000 1:53:00 PM
From: niceguy767	Respond to of 1577019

Elmer: I've refined my technical indicators and at $81 to $82, just couldn't get enough AMD...I missed picking up 200 June 85's at $0.25 as the trade didn't bite even though quote at the time was 1/8 to 3/8's!...Oh well, can't always get what you want! By the way, congratulations on your score...and also volume pickup today looks like a positive sign...although the day is far from over!