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

AMZN 210.32

-5.5%

Feb 6 3:59 PM EST

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To: Don Westermeyer who wrote (1079)	12/31/1997 4:02:00 PM
From: Oeconomicus	Read Replies (1) of 164685

Don, to follow up on yesterday's option activity, 500 July 40 calls traded today at $23. Open interest was only 78 contracts at yesterday's close, so this is a new position. BTW, on the April 40s that traded 1,940 yesterday, the open interest rose by 1,910 to 3,565. That's over $7 million of option premiums on $21 million of stock. HNY!! Bob PS: Did you notice the spread on AMZN today? Spent most of the day at 3/4 to 15/16 between the bid and ask. Go ahead MMs, lift that ask. If some fool hits it, too bad for them. If not, you can trade a few shares among yourselves to make your fund manager buddies look better at year end.

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