### Comment:
My new basis will be $29.45. If I were to get assigned and sell the next week’s call at $29.50, it will still put me in a profitable position unless AMD is below $29 by the end of next week.  
  
 Hey, that’s Theta life. Sometimes you hold the bag for a little while. But I’ll take this strategy (the wheel) over buying FDs and getting my asshole blown out.

### REPLY:
I wrote a few leaps on AMD ($35 Jan 2022) enough to buy another 100 shares (with some margin).  The leaps are down almost $90 each already, very tempting to close and write new after earnings.  Otherwise 48% RoI to life of the trade, 28% up front another 20% if it’s ever exercised, 0.05% weekly return.

### END.