AMD shares are getting whacked today due to lower 4Q forecasts of its results. If $17.50 breaks, $15 and $12 would be the next level. To earn a bit of a premium, look to sell July 07 calls with a strike price of $12.50. Your premium would be $6. Going long at $12.50 is not a bad entry point.

AMD shares hit a new 52 week low today. Did you sell those calls????