Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elmer who wrote (121045)	7/27/2000 11:23:33 AM
From: tejek	Respond to of 1573601

Ted - I'm starting to get a little nervous about my short August $85 & $75 puts. EP, Don't feel bad...I starting to get nervous about my entire portfolio and my future in the stock market. ted

To: Elmer who wrote (121045)	7/27/2000 11:33:40 AM
From: TimF	Read Replies (1) \| Respond to of 1573601

Ted - I'm starting to get a little nervous about my short August $85 & $75 puts. You could roll them out to September or October. That doesn't always work to well though. Recently I sold an in the money covered call against one of my smaller positions and the stock jumped after I sold the call. I thought I would just by back the call with the money from selling a later call, but even swapping the short July call for a short Janurary call didn't get me much more then what the commission would have been on the transaction and there was no LEAPs for this stock (actually it was two stocks the call gave rights to 100 SGI and 13 MIPSB) so I wound up having stock worth over $1000 called away for $500. Combining the price I got for the stock with the price for the call resulted in a small profit but I would have done much better if I didn't sell the call. However with AMD calls and puts I think you can keep rolling them for now. Tim

To: Elmer who wrote (121045)	7/27/2000 12:13:03 PM
From: Gopher Broke	Respond to of 1573601

I'm starting to get a little nervous about my short August $85 & $75 puts And I about my 250 August calls, which have just recently all moved out of the money :^(