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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.61-1.5%1:30 PM EST
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To: Jan Crawley who wrote (32803)1/5/1999 10:36:00 PM
From: KeepItSimple  Read Replies (3) of 164684
 
Actually, playing options is pretty easy on Amazon if you pick the right direction. :) Since it usually moves 20-30 points each day, and the premium for in-the-money calls/puts is about 25 bucks, just pick an option 30 points out of the money, and in 24 hours you double your money.

Of course, picking the direction is the tough part. Although for 99% out of the last 60 days, up 30 points is the right direction. :)

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