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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST

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To: umbro who wrote (11693)7/28/1998 12:45:00 AM
From: umbro  Read Replies (2) of 164684
 
AMZN options report for 07/27/98
AMZN price: 125.563
Options Forecast for: AUG
put price: 112.51 OI = 14285 VOL = 2380
call price: 136.06 OI = 18351 VOL = 2928
consensus: 127.78 R = 0.8 R = 0.8
Options Forecast for: SEP
put price: 102.57 OI = 1375 VOL = 104
call price: 145.12 OI = 984 VOL = 185
consensus: 119.07 R = 1.4 R = 0.6
Options Forecast for: OCT
put price: 98.37 OI = 3569 VOL = 66
call price: 141.56 OI = 7004 VOL = 109
consensus: 128.78 R = 0.5 R = 0.6
Options Forecast for: JAN
put price: 92.12 OI = 2587 VOL = 134
call price: 152.45 OI = 3343 VOL = 126
consensus: 127.95 R = 0.8 R = 1.1
net long/short: 0.79 mil.
i.v. for AUG = 0.866
i.v. for SEP = 0.845
i.v. for OCT = 0.875
i.v. for JAN = 0.874

The option volume was really light today, copared to Friday,
and the imbalance in favor of puts in the Sept. options has
leveled off, although the Jan put/call ratio edged up. Maybe
traders are rolling their puts out from Sep/Oct out to Jan.
This make sense, because Oct. options are likely before the
next earnings announcment. The implied vols. seem to have
stabilized at the approx 86% level, which I'd say is about
farily valued given AMZN's actual volatility. This means,
that unless they figure out how to flat line AMZN (and that
might be possible on no news and light volume), I doubt the
vols. will move down a lot lower from here, until/if AMZN
asserts itself to the downside.
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