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

To: Andeveron who wrote (6492)	6/17/1998 10:37:00 PM
From: Mike M	Read Replies (2) \| Respond to of 164684

<<People won't exercise the options because they don't want to buy the stock. It's a risky play right now with it's lofty price. They will however sell the calls for hefty profits before expiration.>> C'mon Ande...somebody still has to be left holding the option. The guy left holding the option at expiry is going to have to exercise. But that is where it gets interesting...the theory is that most of the guys exercising the options will not want to own the stock so will sell after exercising....makes sense, would still have to come up with the strike price amount otherwise.....We should have quite a bit of supply coming available after expiration.... Anybody know how many open June calls exist? Mike