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

To: Elmer Phud who wrote (207720)	8/5/2006 10:39:03 PM
From: paarl99	Respond to of 275872

I'm short August Calls at $22.5 & $25 and just wrote some August $17.5 puts a week or so ago. ////////////////////////////// I like this!!!!!!!!!!!! Paarl...long

To: Elmer Phud who wrote (207720)	8/5/2006 10:41:04 PM
From: muzosi	Read Replies (1) \| Respond to of 275872

if i understand your terminology correctly, you expect amd to be between 17.5 & 22.5 for august. do you have any longer terms option trades ? when do you expect amd to come back to its "historical range" ?

To: Elmer Phud who wrote (207720)	8/5/2006 11:32:02 PM
From: Dinesh	Read Replies (1) \| Respond to of 275872

Aren't I an AMD investor too? Only because of that short put position. Of course you must be familiar with that put-call parity relation, approximately: call + cash = put + stock Thus, the 2 short calls do not equate to an investment in AMD. (but they can definitely make you an interested party). But the short put brings you back into the fold because your fortunes are once again (somewhat) tied to those of AMD's. So, welcome back :-) regards -d