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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%Dec 2 3:59 PM EST

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To: umbro who wrote (16310)10/8/1998 10:57:00 PM
From: umbro  Read Replies (2) of 164684
 
AMZN options report for 10/08/98
AMZN price: 86.188
Options Study for: OCT
put break-even: 83.15 OI = 22650 VOL = 6432
call break-even: 93.13 OI = 17038 VOL = 3114
max. pain: 95.00 R = 1.3 R = 2.1
Options Study for: NOV
put break-even: 74.66 OI = 4469 VOL = 1094
call break-even: 103.01 OI = 1979 VOL = 427
max. pain: 99.98 R = 2.3 R = 2.6
Options Study for: JAN
put break-even: 70.07 OI = 7161 VOL = 364
call break-even: 105.93 OI = 4162 VOL = 261
max. pain: 99.98 R = 1.7 R = 1.4
Options Study for: APR
put break-even: 65.96 OI = 1176 VOL = 28
call break-even: 112.73 OI = 534 VOL = 158
max. pain: 114.63 R = 2.2 R = 0.2
net long/short: -1.17 mil.
i.v. for OCT = 1.26
i.v. for NOV = 1.09
i.v. for JAN = 1.01

It's been a month or so since I visited the AMZN board. One
thing for sure, Amazon never disappoints the thrill seeker. :)
The implied volatility on October options is sky high at 126%.
Probably better to be a seller than a buyer, but tough to pick
a direction. Selling the Oct 85 straddle gives about a 13 point
breakeven, with only about a week left to trade, but since AMZN
has shown it can move 13 points in a single day, the high
premiums don't give much consolation.

The Nov. put/call ratios are highly skewed towards puts, which
argues for a bounce pretty soon, just on a contrarian basis.
Tons of open interest in Octoaber -- I'd expect continued
valatilty going into next week, as some of those positions
are unwound.

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