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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: TechieGuy-alt who wrote (5605)	8/18/2000 3:26:13 PM
From: xun	Respond to of 275872

TechieGuy-alt, Roll over to Oct 90 or Jan 90. Better do it sooner than latter. Just my .02USD panic

To: TechieGuy-alt who wrote (5605)	8/18/2000 4:14:58 PM
From: Gopher Broke	Read Replies (1) \| Respond to of 275872

Rather than express an opinion on what you should do, which is apparently a very bad idea let me tell you what I plan to do, FWIW. (I have 90 September call contracts, at strikes of 60 and 70.) Firstly I will be looking to exit or roll forward at least two weeks prior to expiry. AMD may break the mould this time around but it has been remarkably consistent at expiring at max pain, and I suspect max pain for Sept may well be below the $80 mark. I would guess a lot of people have been loading up on Sept options while AMD was depressed. Best to get out before the expiry downtrend begins. I certainly plan to hold until after the split. It is irrational, but I believe that people will prefer to buy AMD at $35 with a great EPS than AMD at $70 with an outstanding EPS. If we start to climb after the split then I will look for signs of a short squeeze. If AMD moves up more than $5 in a day (post split) then I will close my options position and wait for a dip to buy back in. Otherwise, if AMD are still below a post split price of $50, I will roll forward at around the first week in September. AMD above $50 and I may well just cash in my Sept options and invest it in other areas. (I am too heavily into AMD and I would keep some Jan 01 and Jan 02 options to satisfy my thirst for the big gainer!).

To: TechieGuy-alt who wrote (5605)	8/18/2000 4:16:33 PM
From: Petz	Read Replies (1) \| Respond to of 275872

TG, wrt Sept80 calls, in a few days (anyone know what day?) you will have twice as many Sept 40's. Personally, I would hold on to them but if AMD rallies don't sell them any later than a week before expiration. I bought some Sept 60's last week, but I'm still holding a few Sept 90's. JMHO, Petz