Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.76

+2.5%

Dec 18 3:59 PM EST

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To: Paul Engel who wrote (26865)	11/18/1998 11:01:00 PM
From: Jan Crawley	Read Replies (1) of 164684

Well John, If you "did" shorted it at $122, $140, and $164, may be writing puts will be good strategy for now. There is a good possibility that Amzn will close around $150 on Friday. Amzn's Dec 150 puts catchs $12 1/4 at closing today. If Amzn close $150 and lower, Dec 150 puts will give you $20 premium, Dec 140 puts will give you $12 premium, and Dec 130 will be around $7. If you can get Dec 150 puts for $20 premium, that's a B/E of $130, not bad for closing the $122 and $140 short shares.

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