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

To: Oeconomicus who wrote (1628)	2/19/1998 8:57:00 PM
From: Candle stick	Respond to of 164684

Good question.....I don't know? Anyone???......;^)

To: Oeconomicus who wrote (1628)	2/20/1998 5:28:00 AM
From: Mr Logic	Read Replies (1) \| Respond to of 164684

>>Write the 60 calls on the open and then let them get called away Question: If you can't borrow the shares to deliver against the calls, wouldn't that result in a forced cover? << I'll have to talk this through with the broker, I've not tried this trick before. The objective is to get shares to short. OK, maybe buy AMZN (ugh!), write covered calls against those, have them called away. If they go into a margin account, I can immediately borrow them back and short them. Hmmm... Failing that, let's have a 5 point run up to shake a few shorts out! P.

To: Oeconomicus who wrote (1628)	2/21/1998 10:30:00 PM
From: Brad Davies	Read Replies (1) \| Respond to of 164684

I've sold calls naked on a few stocks and the broker has never had a problem with establishing a short position if the call expires in the money and is "assigned" against me. I have also noticed that stocks with options written against them tend to fall on the Monday following options expiry (surely the MM's aren't playing games). This has resulted in positive results from having become short as a result of option expiry. The premiums on AMZN make it a very attractive stock, in my view, for selling calls. Ron