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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 237.25-0.1%12:42 PM EST
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To: Bilow who wrote (811)11/19/1997 6:10:00 PM
From: John Xu  Read Replies (1) of 164684
 
I agree with Carl that selling naked calls is a good approach with
options that carry high premiums. For example, DEC 55 calls sells
for 3+. If the market runs against you, then you end up short AMZN
at 58. Not bad an entry point. Otherwise you pocket in the premiums.

My primitive TA knowledge also tells me that AMZN is forming a
H&S. Of course until this bursts, you will never know for sure.

John
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