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

To: Oeconomicus who wrote (819)	11/20/1997 9:54:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 164684

Hi R.D., thanks for the very informative posts in the past......can you recommend a broker for executing options strategies, such as spreads, naked writing etc......I currently actively trade through Datek, and they dont have options capability yet. My other 2 brokers wont let me trade spreads, can you believe it? Who out there would you recommend and whos's got the best commission schedule? Thanks in advance........

To: Oeconomicus who wrote (819)	11/20/1997 11:13:00 PM
From: Bilow	Read Replies (1) \| Respond to of 164684

Hi R. D.; About that put ratio backspread, I suppose you mean buying the lower strike put and selling fewer of the higher put in the ratio of their deltas. I think that would be a bit too neutral for me (same with the butterfly), cause I'm convinced AMZN eventually goes to single digits, why do I need any upside protection? Maybe I'll go ahead and pick up the July 45 puts and have done with it. The problem is that with the put at $8.50, the stock has to go to $28 by expiration for me to double my money at that time - not the best odds, for a nasty risk. I think I'll pass. Perhaps it's the wide difference of opinion among the investing (or speculating) public about the outlook for this stock that has the implied volatility so high -- Lots of demand for the options. -- Carl