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Bought 20 blocks at 19.33, and wrote 2000 March 13 calls at 84 cents/contyract. The calls provide a good return for 3 weeks of time value. Besides, AMD remains a Wall Street darling.
Sold the shares at 14.06 (bought at 13.33 and not 19.33), and covered the calls at 1.12
Covered 1500 March 45 calls at 2.00 (originally written at 6.90) and wrote 1500 April 50 for 1.30/contract. Still holding 15 blocks in underlying shares.
Shares were taken away at 50 (originally bought them at 49) while I pocketed 1.30/contract times 1500 contracts on April 50 calls.
Bought 11 blocks at 57.79, and hedged them with 1100 'deep in the money' April 55.00 calls at 3.50. Though the technicals breaking down, I feel that the stock is severely oversold on the weekly. That said, i feel pretty safe buying the shares knowing that i have another .80 cent hedge in intrinisic value due to the calls
The shares got called at 55, while I pocketed an intrinsic value of .71/contract times 1100 contracts on the April 55 covered calls.
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