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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.16+2.1%Jan 23 9:30 AM EST
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To: Jan Crawley who wrote (19625)10/2/1998 12:32:00 PM
From: craig crawford  Read Replies (1) of 164684
 
>> Feel free to write some Oct puts (such as Oct 100); your 1500 short shares will hedge the puts if assigned. <<

I have already written puts to hedge. I have traded the puts a few times to help raise my short basis, shorting when AMZN bounces lower and buying them back when AMZN rises.

In fact I just covered some right now. If AMZN bounces back down to 105 or so I will probably write some again.
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