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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: DRBES who wrote (56231)	4/24/1999 7:37:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1571375

Re: "You buy puts when you are very negative on a stock. You write (and hence sell them) them when and only when you have an extremely high level of confidence that a stock cannot decline and can only climb. You write or sell puts because when a stock holds or ascends the puts expire valueless and you get to keep the premium from the sale. " Seems to me you don't write many puts. I write puts all the time and I don't need an "extremely high level of confidence that a stock cannot decline and can only climb". I wrote a lot of AMD puts at $10 because I don't think it will go that low by expiration day but if it does I don't mind owning AMD at <$10. If I don't want to get assigned I can always roll them. You probably don't knowing about rolling them either. There is good money to be made writing puts. You should look into it. EP

To: DRBES who wrote (56231)	4/25/1999 12:08:00 AM
From: Paul Engel	Read Replies (1) \| Respond to of 1571375

dberereresr - Re: "You write or sell puts because when a stock holds or ascends the puts expire valueless and you get to keep the premium from the sale. " That's exactly right - which you haven't been for a LONG LONG TIME ! Thank you for your contributions to get more suckers into buying this AMDog stock, making my NAKED PUT positions so secure. Keep up the schill, drebnerters - we need a new batch of gullible suckers to buy AMD on YOUR RECOMMENDATION that AMD is headed to an upper bound of $500 - or $1000/share ! Paul