Advanced Micro Devices Inc (AMD)

[Elmer Phud]

Keith -

BTW, didn´t you basically trade AMD on the premise that it´s very predictably staying around the 7 US$ mark? What´s your strategy now?

That's close. I base my AMD trading on the observation that it has always returned to the ~$7.50 area. I have short puts out there and CCs in this range. I will roll the CCs as long as I can continue to make money. I will continue to write puts but I don't think I will go above $9-$10. As long as I can make money I'll keep playing AMD but I don't want to chase this one too far until and unless they show real potential for sustained profitability.