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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (48924)4/5/1999 10:41:00 AM
From: Jan Crawley  Read Replies (2) of 164684
 
Well Sarmad,

I think that we can apply the trading characteristics of Amzn to Yhoo a little. I am offering $2 right now to close the Yhoo apr. 160 puts I wrote for $17; I closed the short call last week for just $400 net.

I am using the $2K profit to GTC limit buy 6 Yhoo Apr $180 put contracts for $2 per contract, if Yhoo surges to around $210 before Wednesday, I should have the puts. Then I am looking for a post earnings drops and sell the puts for $5 or $6. Will watch to short 100 shares of Yhoo too at maybe $210.
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