Advanced Micro Devices Inc (AMD)

[sgolds]

yourbankruptcy, I purchased the calls at 0.75; if they double to 1.50 then I will revisit that issue. Most likely I will sell at that point; if the stock looks like it is on a steady rise, I may wait a little longer. Not too much longer, though. I won't hold the calls above a stock price of 17 but rather take profit and assess whether I should purchase new calls at a higher entry point (maybe 17.50).

That works pretty well for me. Take profit and move the bar higher. Note that this strategy is dependent on the entry price - I don't know your entry price so I don't know how this would work for you.