Advanced Micro Devices Inc (AMD)

[HailMary]

I went out on a limb today. I think we're at a bottom for both the market and AMD. I picked up a bunch of Jan 04 $15 calls. I'm also short August $13 puts and it is pretty clear I'm going to get assigned the shares. At that point I'll be fully loaded once again. I had previously bailed after the Q2 earnings which I thought were disappointing enough to drive the stock down short term. I think we're just about through that. Others may disagree, but I think the year will end with a bang, especially for AMD with their very strong product lineup.