Advanced Micro Devices Inc (AMD)

[sgolds]

HailMary, I have Jan 12.50 calls and I will sell them when sufficient profit is reached. Then I will assess whether I should buy new calls. Costs an extra brokerage fee, but I find this works for me because when I am holding a long position there is never an ideal price to sell, and always the hope for more. Once I sell a position then I can take a realistic look at whether I want a new position.

As the old saying goes, to hold a position you must first determine that you would buy a new position at that price. My thinking is clearest on this when I dump the old position first.

So I won't even hold for 20. By my figuring, somewhere around 16 I will take my profit and reassess.

I guess what I am saying is that when you choose a round number like 20 then you can get burned if the price tops at 19 and goes down on bad news (such as any hint of 90nm delay). Better to decide how much money you want to make on the position, and sell when you make that amount no matter what the share price.