AMD strictly moderated (AMD)

[wbmw]

Re: Do you not care about OEX coming up though?

Michael, you have a lot of experience in TA, while I don't. But what I am sure of is that AMD's upside is now limited. My strategy before was to see if they would have any surprisingly good news, and they didn't. With Intel's new products coming online in the next few months, I expect AMD back in the 20s. If they get to $20 by the end of the year, I will have made some good money.

Of course, I also recognize that there may be some short term variation, and I'll buy some more puts if AMD gets back up to $35. I just don't want to miss the opportunity now if the market takes them lower.