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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Rob S. who wrote (14750)	8/27/1998 1:06:00 AM
From: Jan Crawley	Read Replies (2) of 164684

Rob, I believe this is how those characters in the World Bizzarro are making their moves ....They have been accumulating Sept puts in the past few days....they will drive the price down, take profit on puts, then buy calls, push the price up...all in the next two weeks..Therefore, I bought 3 Sept. 120 puts for $2 3/4 premium. Sold 1 Oct 145 calls for $13 Sold 1 Oct 150 calls for $9. Will take profits on the above when those characters taking their puts profit, then act accordingly... The large number of Oct puts are of a different story...I believe those were bought in anticipation of the sellers(3 million new shares)

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