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


To: IceShark who wrote (7804)6/28/1998 7:40:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
From WSJ:

"Elsewhere in the options market:

- Some bearish traders bought a lot of puts on Amazon.com Inc., whose recent
stock price trajectory has some traders scratching their heads. Put options
increase in value when stock prices decline. The stock, down 4 13/16 to 94 1/4,
rose from 46 1/4 in early June to a high of 104 3/4.

The July 50 put gained 3/16 to 5/8 on volume of 1,540 contracts, compared
with open interest of 2,234 contracts. The July 65 put gained 3/8 to 1 7/8 on
composite volume of 1,906 contracts, compared with open interest of 4,053
contracts."