Replies to post #21027 on Advanced Micro Devices Inc (AMD)

[Not a Short]

Brave, Foolish, or stupid: I cancelled my stop loss that was at 14.20 trigger 14.00 limit and am going to hold until it goes back up (hopefully in Jan). I might consider a stop loss or a limit sell order at that time depending on the movement.

[HailMary]

I'll be taking my assignment this weekend. I'm short Nov 17 puts. This will increase my overall AMD stock holdings a decent amount, bringing my average purchase price up to around $11. I don't feel the overall profit is in jeopardy yet, but I am taking a risk here. I guess I could just say if it hits $12, I'll get out and protect a measly 9% return overall.

I still believe January will be a strong month for AMD and the markets in general, so my paper losses will likely be short lived. I'll start writing one month out $17 or $17.50 calls on these assigned shares when I can get a decent amount for them (more than $.40). I would rather take this approach than roll the puts for a loss, but I guess I am more bullish than you Elmer.