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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 210.32-5.6%Feb 6 9:30 AM EST

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To: John Xu who wrote (1091)1/2/1998 8:07:00 AM
From: Musa Goksel Bulat  Read Replies (1) of 164685
 
I have comments about option trading.
When someone wants to buy or sell an option the other party may be another investor or the market maker. Market markers has to buy/sell if there is a market order, however they can play with the price. When an option is deep in the money it has a low time value and it is hard for market makers to charge big premiums for the option.

IMO whoever sold 40 calls did it to protect their portfolio, and I think in this case buyer (forced to buy) is market maker.

AMZN is sure destined to crush and it is trading at a delicate balance of buy and sale orders any change towards sale will crush the stock.

This sure looks like insiders are selling calls.
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