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HailMary

11/04/03 11:16 PM

#16714 RE: HailMary #15463

Anyone thinking of selling some? We have had a heck of a run. I originally hadn't planned on selling at all until January, but I'm already exceeding some of my goals.

I sold my AMDKPs (Nov 14 calls) earlier today for $2.20 (for a 100% gain). Looks like I could have gotten $2.60 later in the day. Oh well. I made my target gain and got out. I have no plans on rolling this profit in to more calls. I would close my short AMDWPs (Nov 14 puts), but it looks like these will easily expire worthless. I'm still holding all my shares (up 90% on average) and Jan 15 calls (which are now up 180% on average). My target for the Jan 15s was to hold until January just before earnings, but with 180% gain I feel I should take some profit and run. What would you all do in this situation? I'm thinking I'll sell 1/3 or 1/2 and letting the rest run. I'm definitely holding the shares. I'm mostly concerned with what to do about the calls. I guess I shouldn't be greedy, but at the same time I would like to be highly leveraged for the next few months. Perhaps I can roll some into longer term calls to reduce the risk. Ideas?

HailMary