Friday, January 18, 2008

AMD Stock and Options

For those of you who purchased the AMD April 7.00 Calls, you have a tidy profit and I am making the suggestion that you take that profit by the close today or the open on Monday.

The model calls for a small pullback of 2-3%, but that will be enough of a pullback probably to push the options back under 85 cents. We can always buy them back at that time. There shoulkd be a contraction in premium as this pullback is slated to take 3-5 days.

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