Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 241.56

+0.3%

Jan 7 3:59 PM EST

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To: Jason Cogan who wrote (29556)	12/10/1998 6:06:00 PM
From: Glenn D. Rudolph	of 164684

4 5/8 was a good deal. One of the things I have learned with short option trading is to always cover for a profit. The freeing up of margin requirements almost always offsets the downside of commission and premium. Plus, with a volatile sucker like Amazon, there's usually a chance to put the trade on again. JC, My plan was to buy back at 2 and I believe that will be possible if AMZN goes to the low 200s. Also, time premium will be leaving soon. I use to write naked puts all the time but currently do not have a brokage account that permits that. I closed one that did about a month ago. I will have to go broker shopping after the holidays. Glenn

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