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

To: Glenn D. Rudolph who wrote (78859)	9/28/1999 10:35:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

I have the Nov 100's and the 110's. For example I paid 7.125 for the 100s, I bought when aol was slightly under 100 on friday. Today they are trading for 16. So there is a 6$ time premium on those calls - that is a lot for a stock with over 100 billion mkt cap. Anything over 20K tied up in options on one stock for me is a lot. I'm over that with these and I'm nervous, I know how easy a gain can turn into a loss, when I bought I thought a double would be great and here I almost have that in 2 days. My usual approach with buying calls or puts is to go out of the money as a hedge against something... once in a while I get lucky like with priceline but those are smallish bets of maybe 2K for me. I agree with you options are a suckers bet... but here I am holding because I think AOL is going up in the next month or so, fed or no fed. Its still so far off its highs...