AMD Options

I own a few shares hundred of AMD (bought a little expensive at 13.4), but I've also been making a few extra dollars on options.

Lately, every time the stock goes to ~$12, I sell 10 or so Jan 18, 2019 $20 Puts and close my position a couple of weeks later when it's at ~$13-14. I've made about $2k on that so far, and I'm on my third time now and up $600 on the position.

Is this an overly risky move?

I generally have faith in AMD but don't like how volatile the stock has been, so I'm reluctant to simply go long with more shares.

Submitted July 11, 2017 at 01:53AM by YAbdelaal


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