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


To: Glenn D. Rudolph who wrote (10542)7/15/1998 10:08:00 PM
From: Robert Duncan  Read Replies (2) | Respond to of 164684
 
Thanks Glenn for the help. Maybe AMZN will go down 10 point tomorrow and I will be thanking Etrade for the screw up :) hahahaha.

One last question for anyone who cares to answer. I someone had a great deal of money and bought lots of shares of AMZN, and then dumped them all at once causing the price to fall quickly the day before expiration of options AND HELD TONS OF PUTS couldn't they make tons of money? I have always wondered why stocks do not move more the day before and the day options expire for this very reason - it looks like if someone or some group could move a stock sharply by buying or selling a large number of shares suddenly that they could make a killing on short term options. Obviously, it would take a special person to move a stock on his or her own but it seems like it would be possible.

BTW, if any of you are considering the above I would advise you do it tomorrow morning so that I can sell my puts :)

Thanks again to Glenn and everyone for answering my questions.