I do...right now have a 37.5 put calendar on AMD and sold a strangle 27.5/25 on the shares of PFE I have. When I put the calendar on I thought AMD was over-valued and I've bought and sold PFE before...seems fairly valued here. just my thoughts
I use higher timeframe analysis and prop calculations to monitor where value buyers are willing to offset momentum sellers. It allowed me to buy Gold recently on 3/23 (still long) AMD is a high probabillity buy here although the broader market context is breaking down. I'm long, but I've reduced size below normal levels and loosened up the stop due to the 4/12 earnings release and the possibility of a adverse 10-15% quick move. Here's my AMD chart with my bid line http://axis-analytics.com/charts/weekly/04_10_06/0410061.html And you can download my daily notes in the attached PDF