Advanced Micro Devices Inc (AMD)

[HailMary]

I'm not trying to build a fortune
I'm not trying to build a fortune either, but sometimes it is worth buying the long call. When I retire (I like working for now), I'll probably quit doing this, as I could use the put writing proceeds as income instead of gambling so to speak. For now the call buying is a bit of a game for me. I wouldn't consider it a valuable investment strategy except in limited cases, but it does make for some fun. I'm up over 3x on Jan 15 calls I purchased from some put writing proceeds. I'm not bragging here. I could just as easily be out all that money. I'm just pointing out sometimes it is worth a long shot, but most of the time it isn't. If I'm 75% confident the stock will go up in the short term, I will often play the long shot, otherwise I'll keep the proceeds. Another much safer option is to just buy some stock with the proceeds. I do also like to build some cash reserves for the inevitable assignment that happens every once in a while. I would say 1/2 the time I leave the proceeds in cash, and the other half I invest in another stock or some long calls. If my cash depletes significantly, I'll switch to 100% keep the proceeds until it is replenished to the level I like to keep it at.

HailMary