Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.66

+1.6%

3:59 PM EST

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To: F The who wrote (6192)	6/16/1998 1:44:00 PM
From: Jan Crawley	Read Replies (2) of 164684

Those people who sell naked calls have to buy. Is it right?--as I said I don't have enough experience in the stock market. After the expiration date or even at the exdate, I hope to see lots of profit takers, unload their fat profitable AMZN stocks. Hi, Felicia, We do not have to BUY the stocks to covered the naked calls. Most people close the options on or before the option date. However, Monday after may very likely be a down day for Amzn as most of the calls will be closed during the weekend. That's what I am planning to do; close the 3 June 47 1/2 on Friday, leave the 2 June 50 until next Moday. What do you all think? Ty, Jan p.s. If Amzn stays above $70 on Friday; I plan to write uncovered calls for Oct 75 or Jan 75; 2 to 3 contracts at a time.

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