Advanced Micro Devices Inc (AMD)

[Elmer Phud]

HailMary -

Nice work. I assume these are the short calls you are referring to. Wish I could say the same for this month. I guess that is what sometimes happens when you only play one side. You made some smart moves with the put rolls, but I'm not sure I would want to be short puts all the way out to April. That is what you rolled to right?. A lot can happen in that time. I like to limit my exposure to a month at a time.

Yes there were some short Calls but some short Puts as well on other companies, ORCL and EMC. As for the April rollout, I dropped the strike price by $1 in so doing. I can roll this out and down again you know... My Jan short positions include EMC, HPQ, INTC, GE & QQQ. No AMD position for Jan as yet.

"It's the margin stupid" (not you of course!)