Quote from Multioption: BTO: 75 contracts of AMD July 37.50 @ $2.50 each -------------------------------------- Quote from Multioption: Cutting losses is not the only available option. Position has not been closed yet! -------------------------------------- Quote from Multioption: Update:Cost basis averaged down to 1.60 Total # contracts:150 -------------------------------------- Quote from Multioption: More contracts were added to reduce cost basis in preparation for adjustment.... -------------------------------------- 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. -------------------------------------- Quote from Multioption: I'm watching the intraday like a hawk. It is dicey at this point to forecast price movement! Will update promptly! -------------------------------------- Quote from Multioption: You guys can check back third Friday of July because I'm not going to close AMD, no matter what! --------------------------------------
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