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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Jan Crawley who wrote (67689)7/14/1999 12:43:00 PM
From: McNabb Brothers  Read Replies (2) | Respond to of 164684
 
Jan,

I sold some Oct. $100 puts on EBAY yesterday, but other then that trade I'm not sure. I believe most all the internets will go down between now and Oct., but I will be happy to own EBAY below $100 a share. AMZN is a whole different story IMO, for I would not want to own it at any price. I love to sell naked calls on stocks I believe are headed down or at least not going to have a great upside move and sell naked puts on stocks I would like to own at lower prices. I like to see that time premium slip away as 100% of all the time value of an option will expire worthless! I would never buy a put or call, for it is much better to buy or sell the stock especially the internets with the high premiums one has to pay for the options. The high premiums are good for me for I can sell farther out of the money calls and still get good money.

Hank