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

AMZN 228.18

+0.4%

1:49 PM EST

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To: Glenn D. Rudolph who wrote (29554)	12/10/1998 5:36:00 PM
From: Jason Cogan	Read Replies (2) of 164684

Glenn: 4 5/8 was a good deal. One of the things I have learned with short option trading is to always cover for a profit. The freeing up of margin requirements almost always offsets the downside of commission and premium. Plus, with a volatile sucker like Amazon, there's usually a chance to put the trade on again. Cover them at 2 and look to put it on again. Plus, booking a profit always helps one's state of mind. Ciao, JC

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