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

AMZN 226.99

-1.1%

Dec 8 3:59 PM EST

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To: MrLuckyman who wrote (22016)	10/16/1998 11:46:00 PM
From: umbro	Read Replies (1) of 164684

implied volatility on Amazon.com Inc. options shot up to over 100 percent in the nearby at-the-money contract after Wal-Mart Stores Inc. (NYSE:WMT - news) filed suit against the online bookseller. Traders noted that puts were being bid higher at the close, even as the stock held gains to finish 2-3/8 higher at 99-7/16. ''There's concern about (the suit),'' said one options analyst. ''When you're Wal-Mart and you file a suit against a young company, you generally win. You just tie them up in court.'' [emphasis added: biz.yahoo.com]

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