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Hey Forex-Forex, I appreciate your critique, actually I've learnt so much about humans (still learning though) especially on web forums and I'm using the acquired knowledge to be a better person. I hate to admit it on this forum considering that a couple of friends lost money on AMD trade...

Wonders, they say, shall never end! Okay! For your information: I got stopped out on AMD at 1.40/contract after setting a 0.30 trailing stop the day it got to 1.70. I was down with fever and had to go to the hospital a day before my trailing stop was hit. Regrettably though, I couldn't...

Be infomed that I will duly update on AMD trade. I'm long 150 contracts of AMD July 37.50 Call bought at avg 1.60/contract. :)

That's a good one....one more to go. :)

I suggest you post 2 options' strategies that are risk free.

Hanging on to AMD July 37.50 Calls! Will update when I close the trade.

I'm here...would love to continue posting on the original thread but for some ET members.... I will update on AMD when the position is closed! :) My expectation is for AMD to trade at 36+ by May06 ending.

LOL

What's all this nonsense about? I guess closing this thread until I'm ready to update is a good idea!! You guys can check back third Friday of July because I'm not going to close AMD, no matter what!

I'm watching the intraday like a hawk. It is dicey at this point to forecast price movement! Will update promptly!

I may decide to sell some May contracts against July 37.50 Calls! AMD's fate is hanging on INTEL's report on Wed.

More contracts were added to reduce cost basis in preparation for adjustment....

Update: Cost basis averaged down to 1.60 Total # contracts: 150

Cutting losses is not the only available option. Position has not been closed yet! :)

You wish!! Why would that be? Perhaps you should come back after July expiration! :p

The rationale is not far fetched! If market's prognosis is right, OTM options at 60-90 days to expiration outperform ITM with less than 30 days to expiration. I see AMD going the way of PEET, BBY, SNDK, and other trades posted on this thread.

BTO: 75 contracts of AMD July 37.50 @ $2.50 each

Update: STC: 25 LCAV June 50 Call @ $3.10 each. Profit: $1375.00 Will update when new position(s) is/are initiated!

Update: BTO: 3 SNDK May 62.50 Call @ $2.65 each STC: 3 SNDK May 62.50 Call @ $5.70 each Profit: $915.00 BTO: 8 contracts of April SNDK 55 Call @ $5.80 each STC: 8 SNDK April 55 Call @ $9.50 each Profit: $2,960.00 I'm holding 25 LCAV June 50 Call bought @ 2.55

SNDK and LCAV positions are likely to be closed this week. Will love to see LCAV back to 50 or 51 today for 4K+ profits....will update!