Replies to post #20514 on Advanced Micro Devices Inc (AMD)

[subzero]

"Do you maintain a bullish equity position in AMD as Elmer does?"

How much AMD do you own?
Please post all your purchases over the past 10 years.

[Elmer Phud]

Stevie -

Do you maintain a bullish equity position in AMD as Elmer does?

I would not characterize my AMD position as bullish. My equity position is covering a short call position. That's not particularly bullish. My strategy is to make money on what I believe is a basic trading range here. Short Calls, pocket the premium. Short Puts, pocket the premium. There is a possibility to follow a possible bullish trend though as I can roll up and out but the same goes for a bearish trend. I can roll out and down on the short Puts.