Replies to post #19898 on Advanced Micro Devices Inc (AMD)

[HailMary]

I probably should have rolled the Dec 17s at one point, but it is a little late to roll now that they are well in the money. My purchase price will be $16.25 so it isn't so bad. I think the stock will hit at least $20 early next year sometime, so I'll just hold for that. If it doesn't happen, I'll walk away with whatever I can get. The only downside is the assignment will have me dipping into a small amount of margin, but nowhere near enough to get me in any sort of trouble. Note that I will be writing covered calls on these shares as soon as I get them. This is one of the few times I use covered calls (over bought).

HailMary

[yourbankruptcy]

Elmer - great rule! Maybe I should do the same with my covered calls?

That means I should enforce the discipline to keep enough cash to buy off my own calls, because my stupid account does not let me to borrow to perform this roll operation...