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

To: Peter V who wrote (7801)	6/26/1998 5:27:00 PM
From: IceShark	Read Replies (1) \| Respond to of 164684

Peter, RE: CBOE. There is so much volatility premium built in that the only people that have a decent chance of making any money are those that sell the options. Unless you believe AMZN is going to tank BIGTIME by expiration, forget the puts for now, or go way out of the money, or deep-in except they don't have puts very deep in. What you witnessed is some of the volatility getting let out. If AMZN slowly moved down to 85 over the next 2 weeks, the July 90's might still be worth less than what you paid for 'em. Regards, DWW

To: Peter V who wrote (7801)	6/26/1998 6:06:00 PM
From: Oeconomicus	Respond to of 164684

Peter, I've notice similar swings in the premiums. The last few days, the puts seemed to move up when the stock moved up. My guess is that when the stock rises toward a previous high, speculators rush to buy puts without regard to price, just assuming that the price should be lower when the stock is higher and that they are getting in cheaper buy buying them on rallies. When the stock dips, the put buyers fear a bear trap or "buy-the-dippies" and aren't buying. Bob

To: Peter V who wrote (7801)	6/26/1998 10:18:00 PM
From: Mike M	Respond to of 164684

<<Speaking of options, how are they pricing these damn things at CBOE? I buy some July 90 puts for 7 7/8 when the stock was at 97. The stock closes at 94 1/4 and the ask price goes DOWN to 7 3/4? >> Peter the momentum on the stock when you buy your puts actually has a lot to do with whether you are buying dearly or not...If you catch the stock in a free fall and buy the puts at market...later on, even if the stock is lower, but the momentum has slowed, the puts may well be cheaper....Sorry, but the most difficult time to buy puts, is also the optimal time, when the stock going up!! Mike

To: Peter V who wrote (7801)	6/28/1998 8:11:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Amazon.com Signs Systems Management Solutions Deal With OSM, Seattle; OSM's COSMOS Suite Selected Above Powerful Rival Systems Management Solutions for Its Flexibility and Cost Effectiveness. SEATTLE--(BUSINESS WIRE)--June 24, 1998--Open Systems Management Inc. (OSM), the Seattle-based systems management specialist has signed a licenses and services agreement with Amazon.com Inc. Amazon.com, the online retailer, Earth's Biggest Bookstore, offers three million books, CDs, and more to customers visiting its web-site at www.amazon.com. The deal is to provide COSMOS, OSM's systems management suite for open systems, in a solution for managing Amazon.com's substantial UNIX server farm of powerful Digital Alpha and Sun servers. COSMOS will help Amazon.com to ensure its store offers 24-hour continuity of service and the performance needed to quickly serve the potential customers who browse its virtual bookshelves. Amazon.com's groundbreaking electronic bookstore is one of the leading electronic merchandizing stories, but it also highlights the special importance that good systems management takes on for a totally online company. Amazon.com selected OSM over other market leading solutions because it found that COSMOS had clear advantages in a rapidly growing and dynamic environment. The electronic bookseller says that it chose COSMOS on the basis of toolset flexibility, quality of support, and cost-effectiveness. COSMOS toolset flexibility includes being able to selectively purchase just those modules from the suite that meet the needs of the business, know that they will integrate, and know that additional modules can easily be added later. Each module has been designed to allow for later configuration and customization by the customer to enable COSMOS to be adapted to meet new future needs. The full COSMOS systems management suite is designed for managing UNIX and Windows NT environments and consists of ten applications areas, available separately, and sharing a common look and feel. Applications include backup/recovery and event monitoring, print spooling, batch job scheduling, report management, auditing, access security, console management, resource accounting and chargeback, user/group administration, software distribution, and duty scheduling. Editors note: "Earth's Biggest Bookstore" is a Service Mark (SM) of Amazon.com About OSM OSM Inc., based in Seattle, Wa provides the COSMOS suite of systems management applications for UNIX and Windows NT. OSM boasts over twenty thousand licenses for COSMOS, installed in over thirty countries. Its US customers include Northwest Natural Gas, Cap Gemini, SmithKline Beecham and Oracle Corporation. Overseas clients include the British House of Commons (UK Parliament), Kuwait Petroleum and Volkswagen, Germany. OSM is a privately owned company, with North American headquarters in Seattle. There are also offices in New Jersey and Chicago and European operations are run from London. The company has OEM business partnerships with Sequent Computer Systems, Digital Equipment Corp., Siemens Nixdorf, Sun Microsystems Corp. and others. Since it began trading in 1988, OSM's revenues have grown each year by in excess of 50%. See also www.osmcorp.com CONTACT: U.S.: OSM Inc., Seattle Mike Bombacie, 206/583 8373 mike@sleepless.osminc.com or Europe: Oast Communications Derek Harris, +44 1959 568512 (England) derek@oast.co.uk