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

AMZN 210.32

-5.6%

Feb 6 9:30 AM EST

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To: OtherChap who wrote (22303)	10/20/1998 11:20:00 AM
From: craig crawford	Read Replies (1) of 164685

>> Ok, I give up. I'm going to sell all of my november puts, I have lost 70% on them in 2 weeks. Have to preserve what is left of my capital. << Teach you to buy out of the money puts that expire in a month. >> I've never seen MMs destroy every put listed for a month before. Absolutely amazing. << I've never seen someone whine and complain so much in my life. If your going to buy OTM puts that expire in a month or two then you're going to just have to accept that they will work in some months and not in others. My January puts are obviously going down because AMZN is rising, but they've picked up an additional 5 points in premium or so because of the volatility.

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