Replies to post #19690 on Advanced Micro Devices Inc (AMD)

[HailMary]

This stock is doing exactly what I predicted and exactly what I planned for.

Plans often go astray. I don't expect AMD to sit in this range for more than a week or two. I guess that is enough time for December options. Do you have a strategy if the stock retreats to say $12 or rises to say $22? Will you roll out so you don't get assigned or called away?

If it is going to go to $12, I would rather be on the sidelines with cash looking for other opportunities. I also want to have a play if it runs to $22. I think my best bet at this point is to lock in an overall profit with the shares, and hold the risky long calls. As I_banker pointed out though this would be a tax hit, and may not be worth it.

I guess I'll sit tight for now and contemplate my options over the weekend.

HailMary