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

To: Robert Duncan who wrote (10546)	7/15/1998 10:16:00 PM
From: BayPig	Respond to of 164684

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

To: Robert Duncan who wrote (10546)	7/16/1998 7:25:00 AM
From: Glenn D. Rudolph	Respond to of 164684

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 - Robert, This does occur both from individual investors and the option MMs to square positions. I cannot correlate this as well to AMZN because the option OI is everywhere. Many stock, less volitile, will have a tendency to close on expiration at the strike price that is most profitable to the option MMs.