Advanced Micro Devices Inc (AMD)

[HailMary]

HailMary, why don't you write calls instead of bailing out?

I suppose that is an option I hadn't considered. Generally if I'm going to continue to hold a stock, I would rather get the full risk/reward ratio. Writing calls keeps nearly the same risk and caps the reward. I guess the risk is acceptable as it is highly unlikely AMD is going to return to single digits. It is more likely that I could write calls month after month until the shares are called away, and end up with a much better exit price. Or I may even decide to hold the shares if some of the unknowns (Prescott, 90nm transition) work out to AMD's favor.

Thanks for the idea. I might use it tomorrow if it heads below my exit price. I simply hope it doesn't come to that. I would rather see the strength and run upwards continue.

HailMary