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

To: Elmer who wrote (72966)	3/2/2002 3:15:25 PM
From: niceguy767	Read Replies (2) \| Respond to of 275872

Elmer: "It really doesn't have to be so difficult for you Elmer...You did say that you bought AMD shares abnd wrote calls against them, did you not??? If yes, then reread my comment above a few dozen more times...It should sink in, even for you!!! You really have no clue do you? This isn't difficult. I bought AMD shares at $14.09 and sold March $15 CCs for a premium of $0.45. This is not an advanced concept. I own AMD shares and I am short Calls. I didn't sell the shares, I bought them. I didn't buy back the CCs, I'm short them and I didn't lose money, I'm ahead. I realize you can't understand any transaction involving black ink but imagine everything in red ink and them multiply by -1. Get someone to help you." Let me get this straight now...You're now suggesting that you are "ahead" on this trade...Isn't that a little different than what you were implying in previous posts about having won on this trade??? You'll have to bear with me Elmer, but when I hear anyone suggest they have made a profitable trade, particularly with options, I automatically conclude that that someone has unwound the trade...in this case as I have suggested, for example, by selling the shares and buying back the calls...When you now inform me that you are "ahead" and haven't unwound your position at all, you'll pardon me if I am confused about how you conclude categorize the trade a win...Big difference from my vantage point between being "ahead" and a "win"...Once again Elmer, you have managed to confuse me with your semantics...not unlike your big bear (new meaning to big bear) "write put" strategy, your NW Jan/02 inundation (new meaning to inundation), and your Dresden yield problem thesis (new definition for yield problem) and now win...You are some slippery guy, my friend!!!