[Stopped out of Advanced Micro Devices (AMD) calls/Sold Jun 17 calls (AMDFY) for $0.45]
Dear Member,
My contingent stop was hit and I was stopped out of my Jun 17 calls (AMDFY) on Advanced Micro Devices (AMD) for 45 cents. That makes the overall position profitable and I still own the Jun 14 puts which should have some premium and thus could make me even more profit if the stock continues to fall. As you will recall, I opened the position by selling the Jun 16 calls and the Jun 15 puts and buying the Jun 17 calls and the Jun 14 puts for a net credit. I have now closed all positions except the Jun 14 puts for an overall profit and now have no risk in the position yet I still have those Jun 14 puts that may make me more.
DISCLOSURE: At the time of publication, I am long the Jun 14 puts on AMD.
Sincerely,
Bill Kraft for
CutLoss, Inc.
|
