Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.55

-1.6%

3:59 PM EST

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To: Jan Crawley who wrote (6507)	6/18/1998 3:15:00 AM
From: F The	Read Replies (1) of 164684

Jan, This msg is from YHOO board. Does it make sense about the call option? "There will probably lots of upside preessure for the next few days while the options expire. If I counted right there are is an open interest in excess of 1,800,000 shares of June call options in the money and obviously they are not all covered calls. There will probably be lots of purchasing tomorrow and Friday. I haven't counted the July open interest but it also is large (huge)? I rode Presstek up part of the way but got out after tripling my money. Could have done much better but probably would have stayed in too long and lost it all. I prefer puts to shorting the stock - less exposure. When AMZN breaks, it will really tumble! Good luck!"

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