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

To: Don Westermeyer who wrote (1234)	1/20/1998 9:47:00 PM
From: Joe E.	Read Replies (1) \| Respond to of 164684

<<Joe, Yes, naked calls is a good way to play this stock if you have the resources to back it. I'd say most people should stay away from naked options (or at least be very careful) since it carries a lot of risk.>> Oh you are so right!! I wanted to correct my earlier post, and you have kindly given me the opportunity. It is the July 40 calls that seem to me to be a lot like a short sale of Amazon (previously i had said June). Once again you are very right on the risks of naked calls, but these are not too much riskier than short sales. Buying puts, though expensive, doesn't carry the same risk of big losses beyond the initial investment.