Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.29

+1.0%

11:13 AM EST

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To: llamaphlegm who wrote (9101)	7/7/1998 12:15:00 AM
From: Rob S.	Read Replies (1) of 164684

If you think the volatility is headed down, which appears to be the case, then you can do a "staggered" spread. Sell the naked calls and wait for a few days to sell naked puts. If the volatility heads down the puts won't move much even if the price continues to move up on momentum. If, as I think, the stock is nearly out of momentum, then the price will come down soon. My guess is that AMZN will be up Tuesday and maybe also on Wednesday but will be down lower than Tuesday's close by Friday. Just a friendly guess. I sold some JAN 115 calls and will be back again to sell more this week. Happy investing bulls and bears.

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