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


To: IMPRISTlNE who wrote (9804)7/9/1998 11:21:00 PM
From: put2rich  Read Replies (1) | Respond to of 164684
 
I did have one put but don't know know much relationships between options/stock price. Remember last months there were tons of calls and many got 5-6 times gain. Why there were many calls and stock still rose like hell from 60 to 140? I don't care much about my 1 put in July but this one will touch 80 in one month I believe. You sound like bitter.



To: IMPRISTlNE who wrote (9804)7/9/1998 11:22:00 PM
From: umbro  Read Replies (1) | Respond to of 164684
 
The next question is where will the shorts cover?

Let's say you're short the stock, or holding puts, and
hypothetically, the stock gaps below 80. What're you going
to do? If it were me, I'd take the money. Then
we see the bounce. Another great time to go short.
Just trying to think ahead ....

Seriously, if AMZN gaps down that hard (to 80), I'd look at buying
the Aug 100 calls at the open.