Advanced Micro Devices Inc (AMD)

[JLS]

Patience, grasshopper

AMD has come a long way in a very short amount of time. Be grateful it hasn't collapsed and taken half of its recent climb (and your gain) back. That, in itself, says something. But it wont last forever.

I closed my Covered Call trades late yesterday for a cost of a few cents. Got a juicy income from those and was planning on selling next week's Calls later this morning. Then my dog, Marco Polo, showed up with the idea we should go out. Did that and by the time I came back in the selling opportunity had disappeared. Oh well, there's always Monday.

For the week, I made nothing on the shares because I didn't sell them, but after accounting for transaction costs and closing CC options trades, I booked $1.38 per share by selling CCs twice during the week. Imagine compounding that for 52-weeks.