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

AMZN 221.60

-0.4%

10:15 AM EST

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To: re3 who wrote (30592)	12/21/1998 12:57:00 AM
From: Al Chechatka	Read Replies (1) of 164684

Sell the Leap calls (Jan 2001 - 230 calls sell for $125.) Sell one contract and you are selling short at the price of $355. What is nice about this option is the price goes up and down a dollar with every dollar the stock goes up and down. And if you think in 2 years the stock will be under $230, the option will expire worthless. No short squeeze on this as well. The only problem is you have to cover by Jan 2001, you cannot cover after that time. Use only high risk capital and you have to have at least 20K in high risk capital because you are going "naked" on a call. Al C.

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