Replies to post #47309 on Advanced Micro Devices Inc (AMD)

[HailMary]

Then, you say you "would aggressively buy back though if I stopped out, as I believe AMD is a long term screaming buy."

Let me rephrase. I would enter an aggressive accumulation period by writing puts over a period of months until I got assigned shares to reestablish the same position at a lower average cost than my original position.

Is that more clear?

Sure I might only gain a dollar or two lower cost, but it is worth it to me. Commissions are not a factor here.

There is the potential danger that I never get reassigned the shares and miss out on a large run up, but I would still make some $$$ either way. AMD fluctuates so much I'm not too worried about this strategy. There always seems to be opportunities to buy or get assigned more shares.