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SamLBInj

01/06/18 9:30 AM

#8672 RE: malamutus #8655

Interesting read here about AMD and Intel. Intel Dumping shares knowing of the hacking issue.
http://www.nasdaq.com/article/intel-dips-on-chip-flaw-krzanich-accused-of-insider-trading-cm901205
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SamLBInj

01/06/18 10:11 AM

#8673 RE: malamutus #8655

I still have quite a few AMD Options from $12.50 to $14.00 for the next couple weeks. I think it should be fine.
Always take Profits when you can, If I see a Stock I have options in and lets say I paid $200.00 for them and they are at $1,800. Like AMD did this week,
I sell most and roll 10%.to 20% percent to the following week, or two, or three, to the next higher strikes.
Lets say the Chart looks great and AMD looks to keep going higher and you had Ten $11.00 calls that hit and lets say you paid .05 cents for them and they opened at a dollar just like what happened this week. your $50.00 is now worth $1,000.00 so just sell Eight of them for $800.00 and roll the the other $200.00 out a week for approx. One dollar higher or more than the Stock is at. Look for Options under .10 cents. I find that I have made more money with Options I paid .02 to .05 than any other if a Stock is continuously moving up.
Then you have $800.00 in your account for other things or if the Stock takes off
you can always buy them back anytime you want.

Best to go to youtube and find some good videos on Options and Rolling, and also about the Decay which is important with Options as they lose money over time and need to keep going higher for you to make money. Basically learn the "Greeks" which is the term used to figure out Options.

I hope I explained this right.

Also, I have Found that in most Cases the opening Price will be the Highest Price unless a stock is really moving like SQ did Yesterday. This is where you need the Chart as watching the Price movement will give you ulcers when you see your options at .50 cents and they drop to .18 in seconds and the chart will just show you it's either profit taking and an opportunity to buy more, or bad news came out and sell out asap.

Before the "STP" Chart this would drive me crazy and I would have my sell order ready to go and watch the Price go up and down along with Level 2. The FOMO Greed Factor kicks in as it keeps rising, then it drops and you panic and sell only to see the price go up twice as much.
Options are where the Money is, you just need to know how they work or they will eat you alive. The "STP" Chart is Like Gold when Trading Options, Learn it inside and out and Learn to Trust it, It is Always Right and 100% Accurate, Just learn how all the indicators work together, it's just like a Symphony and all instruments are in perfect tune.

I hope I helped out with your concerns...
Let me know if you have any questions..