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

To: Elmer who wrote (72952)	3/2/2002 12:54:20 PM
From: heatsinker2	Read Replies (1) \| Respond to of 275872

Elmer- I'm sorry but I think it would be inappropriate to post retroactive trades and I'm sure my buddy would agree. Why's that? Of course, if you lost money in 2001, then you wouldn't want to talk about it.

To: Elmer who wrote (72952)	3/2/2002 12:54:52 PM
From: niceguy767	Read Replies (1) \| Respond to of 275872

Elmer: "Purchased @ $14.09 Wrote March $15 CCs for .45 I don't intend to let those get assigned so I will roll them out to April or May if AMD stays above $15. Note: It is not my intention to make a killing here. This is a business and I am looking to make 2.5% per month. That's all. I need to make $0.35 per month. Commissions are not meaningful here. 2.5% works out to 34.5% annualized. Not bad. If you do it on margin subtract about 8%. Not bad for using someone elses money." New business plan this pass, same rationle??? Writing calls rather than writing puts...Is the last "business" built on writing puts still in receivership???

To: Elmer who wrote (72952)	3/3/2002 3:02:06 AM
From: Joe NYC	Read Replies (3) \| Respond to of 275872

Elmer, Purchased @ $14.09 Wrote March $15 CCs for .45 I don't intend to let those get assigned so I will roll them out to April or May if AMD stays above $15. What do you do when the stock goes up, let's say to 17.50 0r 20? I haven't really come up with the right strategy to deal with that situation. For example, with AMD, I am willing to buy at or below 15, and sell at or above 15. If my $15 CC get assigned, I would be reluctant to buy back at higher. Buying the calls back and rolling out a month earns little premium, if the calls are in the money, and just the spreads between bid and ask on the in the money calls tend to erase most of the potential profit. Joe