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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.35+0.4%Jan 9 9:30 AM EST
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To: Rob S. who wrote (25955)11/14/1998 3:10:00 PM
From: Jan Crawley  Read Replies (2) of 164684
 
Rob, I bought 150 shares @121 to hedge the Nov. 110 calls. Sold at $137 with raiders tip. But bought 100 shares back at $131 and 150 shares at $127. Hope that I can cash them out next week.

Then if Amzn drops to $115 area next week, I will probably write 2 Dec 100 or 110 puts, the premium will most likely be around $9 and $13 area. Short shares will be the put's hedge.

For your 50 long shares, I recommend selling one Dec 125 calls and get $15 premium? maybe a stupid thought?
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