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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST
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To: Glenn D. Rudolph who wrote (21098)10/11/1998 8:24:00 PM
From: Jan Crawley  Read Replies (1) of 164684
 
Glenn, about writing Amzn Oct puts;

I have 400 short shares with $120 average, following your strategy, I plan to cover them finally at around $30.(Ok, maybe $10! <g>) Will continue box-trading carefully, write calls and puts accordingly.

In addition to the above 400, I do still have the very first 100 short at $50. The Oct 70 and 80 put contracts are specifically targeting at that 100 shares. The $1,600 premium is nice, and it's OK if both are assigned.

I feel that if I am able to "retire" the $50; then I may be able to replace it with a "higher" short base if oppt. present itself again.

Thanks much for all your articles during the weekend, I am still reading them. :))
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