I'm trying to sell the put and let it expire worthless for this one. What about an AMD Jan10 5 put? It's trading at $0.69, of which $0.52 is time value. Also, chip sales are forcasted to rise in 2010-11.
I figured out a simple way out of our power dilemma. Why not build a car with a Generator driving electric motors but have a belt or mechanism from the axles back to the generator. Unlimited power and since the generator powers the motors but since the motor is spinning it spins the generator. Dumb engineers cant figure out such a simple scheme.
Sorry, can't do that. Perpetual motion machines cannot work b/c they violate the 2nd law of thermodynamics.
Dark: what is your plan if AMD falls to 2 in price and you have to buy it at 5 because of the put you sold?
FWIW, AMD made Audit Integrity's list of the 20 companies most likely to go bankrupt in the next year. http://www.auditintegrity.com/assets/files/newsroom/2009/AI Press 2009-0917 Seeking alpha.pdf