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

To: umbro who wrote (12495)	8/4/1998 2:01:00 AM
From: umbro	Read Replies (2) \| Respond to of 164684

As a contrast, here are AOL's options stats: AOL options report for 08/03/98 AOL price: 116.000 Options Study for: AUG put break-even: 110.23 OI = 26194 VOL = 1841 call break-even: 125.12 OI = 58166 VOL = 7834 max. pain: 114.98 R = 0.5 R = 0.2 Options Study for: SEP put break-even: 109.04 OI = 4349 VOL = 155 call break-even: 131.86 OI = 13140 VOL = 1511 max. pain: 114.98 R = 0.3 R = 0.1 Options Study for: OCT put break-even: 99.80 OI = 11175 VOL = 104 call break-even: 129.22 OI = 17742 VOL = 476 max. pain: 99.96 R = 0.6 R = 0.2 Options Study for: JAN put break-even: 93.09 OI = 9004 VOL = 200 call break-even: 132.13 OI = 19639 VOL = 531 max. pain: 87.22 R = 0.5 R = 0.4 net long/short: 5.80 mil. i.v. for AUG = 0.73 i.v. for SEP = 0.68 i.v. for OCT = 0.65 i.v. for JAN = 0.60 Notes: (1) overall lower implied vols than AMZN, (2) excessively bullish sentiment expressed in low put/call rations (3) (not shown) another sign of bullishnes is that calls are trading at higher implieds than puts (4) lots more options trading volume than AMZN. If AOL announces an upside surprise at the open, I'd be tempted to buy a few at-the-money puts at the open, just to fade some of this rampant bullish. Could be another Yahoo! fizzle in the making.

To: umbro who wrote (12495)	8/4/1998 6:47:00 PM
From: umbro	Read Replies (1) \| Respond to of 164684

AMZN options report for 08/04/98 AMZN price: 109.875 Options Study for: AUG put break-even: 104.58 OI = 17044 VOL = 1895 call break-even: 119.91 OI = 17957 VOL = 2248 max. pain: 110.05 R = 0.9 R = 0.8 Options Study for: SEP put break-even: 96.65 OI = 2796 VOL = 590 call break-even: 131.82 OI = 1708 VOL = 1080 max. pain: 119.96 R = 1.6 R = 0.5 Options Study for: OCT put break-even: 93.41 OI = 4613 VOL = 113 call break-even: 125.75 OI = 8627 VOL = 471 max. pain: 82.61 R = 0.5 R = 0.2 Options Study for: JAN put break-even: 86.12 OI = 3183 VOL = 33 call break-even: 135.95 OI = 3354 VOL = 16 max. pain: 100.02 R = 0.9 R = 2.1 net long/short: 0.40 mil. i.v. for AUG = 0.83 i.v. for SEP = 0.87 i.v. for OCT = 0.81 i.v. for JAN = 0.88 Decent volume in the front month options. Very low put/call ratio in Sept. options, and high ratio in the Jan options. The Sept. options are hanging on to their implied vols. pretty well, and the implieds on the Jan options is increasing. Nothing much more to say except that AMZN likes the 109 to 114 range, and it held up well in the face of today's market meltdown. Tomorrow is "AOL Day", so we'll see what's in store then.