Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: Peter Church who wrote (6834)	6/19/1998 7:20:00 PM
From: Peter V	Read Replies (1) of 164684

Hi Peter. In the money strike premiums are always cheaper relative to the stock price, but since you pay much more for them, it kills you when they get entirely out of the money. AMZN puts sell at a hefty time premium, at today's close I paid 18 1/2 for the Jan 80s, that's a 13.50 premium for a stock trading at $75+. AMZN won't go down quietly or in straight line. But after over a year of straight up, without any possible fundamentals to back it, I'm certain it will begin to falter, hopefully within my timeframe for the puts. Good luck to you.

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