Advanced Micro Devices Inc (AMD)

[HailMary]

I just wrote a bunch of Dec 18 puts (for $1.40), which is aggressive for me as I usually go for the ones that are way out of the money. I'm now short Nov 14s, Dec 17s, and Dec 18s. I'll gladly keep any shares I am assigned. I'm keeping the proceeds as cash for now, but I'm eyeing April calls (I already have lots of Jan 15 calls). I consider myself fully loaded now. I was originally planning to sell around this timeframe (or at least stop writing puts), but I have become more bullish these last few weeks. I'll have to come up with some exit strategies now just in case things don't go my way. I'll probably just close all my AMD positions if the stock heads below $16, which would signal to me a change in momentum. I would take a loss on my latest transactions, but I would be well up overall on my previous stock assignments (average price around $9) and Jan 15 calls (average price around $.85).

HailMary