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

AMZN 232.38

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Dec 24 12:59 PM EST

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To: Ed Zhao who wrote (6427)	6/18/1998 9:51:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Why pay extra premium for Jan option. Buy July Options. Many people engaged in short squeezing sell short term puts. I picked up July 65 put at 3 1/8 in the morning. Some lucky guy got it at 2 1/2. Good rule of thumb. Write near term naked puts. Buy long term puts. The premium will remain. Glenn

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