Quote from forex-forex:
Multioption quote is "My expectation is for AMD to trade at 36+ by May06 ending"
He didn't say which century, could be May 2106 or even May 2206. Just be patient I'm sure Multioption will be correct.
actually I think buying October or Jan07 AMD calls is not a bad do here - particularly if "they' pin (unwind) at or near 22.50 this expiry. However I would sell otm front calls all the way on each reasonable pop higher until we saw a clear reversal pattern.
right now- july put options imply AMD could see 2250 - expiry week. Of course that also provides for a potential contrary play off said bearish sentiment. jmho
I am also considering buying the 25p calendar. only hesitancy I have is the 2250 expiry level, and I don't want to eat a lot of stock.
in fact buying Jan07c/selling July is also a valid idea right now - try to leg into short side.
thoughts?