Advanced Micro Devices Inc (AMD)

[Elmer Phud]

HailMary -

I'm not looking to make a fortune all at once, which with AMD is certainly possible. I'm looking to make a very good steady return, year after year.

Me too. I'm not trying to make a fortune, just grow the small one I have. Regular consistent cashflow is what I'm after. An opportunity to generate a 4% monthly return on money risked, while accepting the obligation to buy AMD at $12.50 is very attractive to me. I'm short QQQs Oct $28 (just expired) Nov $30, Jan $28, INTC Nov $30 plus EMC & AMD at various positions. Looking to start establishing other positions as well. Others here may very well double or triple their money but I'd rather do it slowly than risk losing what I've put together. Writing Puts gives me the opportunity to generate cash yet buy at a lower price if the market takes a downturn. Buying QQQ in the $20s would be fine with me and I can roll Puts out and down quite a ways before I'd have to accept an assignment against my will.