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

To: Gopher Broke who wrote (37947)5/1/2001 10:46:47 AM
From: bacchus_iiRead Replies (1) | Respond to of 275872
 
RE:"But I just sold half my $15 2003 leaps, bought AMD shares with the proceeds and wrote $25 May covered calls on them all. About as close to shorting as I can get."

Interesting example of managing a position.

Note: I'm surprise that you chose the May instead of much later expiration date, unless you want being called on your shares. Is it why you call your move: "as close to shorting"?

Gottfried



To: Gopher Broke who wrote (37947)5/1/2001 3:40:50 PM
From: Joe NYCRespond to of 275872
 
Gopher,

bought AMD shares with the proceeds and wrote $25 May covered calls on them all. About as close to shorting as I can get.

Good idea. I just did the same.

Joe


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