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

To: Gopher Broke who wrote (121751)	8/3/2000 6:18:13 PM
From: Elmer	Read Replies (1) \| Respond to of 1575426

Re: "Elmer is knocking AMD and at the same time writing naked puts (which I think he may be regretting a little at present). Both of them want and expect AMD to do well. They just get a kick out of stirring things up" Yes I do like to stir things up but in the interest of full disclosure I must say I am a little uneasy about my short put positions. The good thing though is that when short option positions, you can roll them out a month and usually lower the strike price by the going increment. When we get close to expiration I look to roll my August $75s & $85s out to Sept or later and drop the strike price by at least $5 on each position. I'm not making any money doing this but I hope to roll them down to the point where they eventually expire worthless or AMD rebounds to rise above the strike price. This is the risk I took when writing naked puts so I'm not complaining. Those who bought calls..... well they're headed for the MOOOOOOOOOOOON! EP