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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST

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To: e. boolean who wrote (8542)7/2/1998 10:44:00 AM
From: H James Morris  Read Replies (3) of 164684
 
Its just unbelievable! Look at the below premium's
<ZQN JUL 115 PUT 6 5/8 7
ZQN AUG 115 PUT 13 1/4 14
ZQN OCT 115 PUT 18 18 3/8
ZQN JAN 115 PUT 23 3/8 24 3/8>

With Amzn trading @122 this morning, with NO short shares anywhere available, with Cnbc screaming 'who are the buyers' Amzn bears you are witnessing Wall Streets biggest orchestrated short squeeze ever performed (so far).
Who would pay a $32 premium for the Jan 115 puts? This means that Amzn has to close @82 by the 3rd fri of Jan, just to break even!!!
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