My Options Play

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Quote from Multioption:
BTO: 75 contracts of AMD July 37.50 @ $2.50
each
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Quote from Multioption:
Cutting losses is not the only available option.
Position has not been closed yet!
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Quote from Multioption:
Update:Cost basis averaged down to 1.60 Total #
contracts:150
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Quote from Multioption:
More contracts were added to reduce cost basis in
preparation for adjustment....
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Quote from Multioption:
I may decide to sell some May contracts against
July 37.50 Calls! AMD's fate is hanging on INTEL's
report on Wed.
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Quote from Multioption:
I'm watching the intraday like a hawk. It is dicey
at this point to forecast price movement! Will update
promptly!
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Quote from Multioption:
You guys can check back third Friday of July
because I'm not going to close AMD, no matter what!
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happy-trading.gif
 
One great trade on RMBS:
RMBS is at 38.50 or something. If you believe it will stay below 40 today short the stock and sell naked put for 40.25 . You will get 0.25 per share for sure. Put them as a combo order
 
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