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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.60+1.5%3:59 PM EST

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To: umbro who wrote (11424)7/23/1998 9:59:00 PM
From: umbro  Read Replies (1) of 164684
 
AMZN options report for 07/23/98
AMZN price: 129.875
Options Forecast for: AUG
put price: 113.39 OI = 11352 VOL = 1105
call price: 142.94 OI = 15879 VOL = 1740
consensus: 133.01 R = 0.7 R = 0.6
Options Forecast for: SEP
put price: 104.94 OI = 1157 VOL = 169
call price: 148.09 OI = 501 VOL = 74
consensus: 123.58 R = 2.3 R = 2.3
Options Forecast for: OCT
put price: 102.32 OI = 2902 VOL = 43
call price: 149.11 OI = 5884 VOL = 47
consensus: 138.40 R = 0.5 R = 0.9
Options Forecast for: JAN
put price: 94.44 OI = 2204 VOL = 32
call price: 158.24 OI = 3541 VOL = 116
consensus: 138.42 R = 0.6 R = 0.3
net long/short: 0.82 mil.
i.v. for AUG = 0.938
i.v. for SEP = 0.918
i.v. for OCT = 0.903
i.v. for JAN = 0.831

Implied vols. dropped, esp. in Aug. from 0.989 to 0.938.
Oct vols actually picked up a bit from 0.871 to 0.903.
Generally option trade volumes were lower, in spite of the
decent level of volume AMZN, and given what turned out to
be a rather wide range day, even for AMZN, though ths spike
up early in the day, was over before it started. Lots of
puts trading in Sept., with a high put/call ratio. Contrarian
thinking would say they're wrong.

No prediction for tomorrow. Looks like a new ballgame, and it'll
take a few days to settle things out. The odds would seem to
be in favor of selling pressure next week, and the following
due to employee options exercise. Also, I think AMZN may have
trouble staying strong if the overall market weakens, esp. the NDX 100.
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