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

To: Jan Crawley who wrote (6193)	6/16/1998 2:04:00 PM
From: F The	Read Replies (3) \| Respond to of 164684

>>We do not have to BUY the stocks to covered the naked calls. Most people close the options on or before the option date. However, Monday after may very likely be a down day for Amzn as most of the calls will be closed during the weekend. That's what I am planning to do; close the 3 June 47 1/2 on Friday, leave the 2 June 50 until next Moday.<< Thanks for your explanation. That is a good idea to unload partially and see for the other half till the last day. >> p.s. If Amzn stays above $70 on Friday; I plan to write uncovered calls for Oct 75 or Jan 75; 2 to 3 contracts at a time.<< Depends on the premiums. I think writing Oct or Jan calls is safer than June or July because by Oct, this stock should tank. Well, that is just my opinion. Regards, Felicia