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

To: umbro who wrote (12745)	8/7/1998 8:11:00 PM
From: umbro	Read Replies (1) \| Respond to of 164684

AMZN options report for 08/07/98 AMZN price: 116.000 Options Study for: AUG put break-even: 110.53 OI = 16326 VOL = 3306 call break-even: 121.74 OI = 20618 VOL = 4258 max. pain: 110.02 R = 0.8 R = 0.8 Options Study for: SEP put break-even: 100.44 OI = 2066 VOL = 483 call break-even: 132.82 OI = 3170 VOL = 1012 max. pain: 119.94 R = 0.7 R = 0.5 Options Study for: OCT put break-even: 96.67 OI = 4454 VOL = 384 call break-even: 128.74 OI = 9152 VOL = 368 max. pain: 87.22 R = 0.5 R = 1.0 Options Study for: JAN put break-even: 88.83 OI = 2700 VOL = 97 call break-even: 140.00 OI = 3468 VOL = 48 max. pain: 99.96 R = 0.8 R = 2.0 net long/short: 1.09 mil. i.v. for AUG = 0.75 i.v. for SEP = 0.80 i.v. for OCT = 0.82 i.v. for JAN = 0.80 Well, I had some Oct 100 puts this AM, but saw the market was strong, and AMZN was strong, and sold them near the open. Saved me a few bucks. Didn't have time to watch the market, so didn't try to go long. May enter again on the short side, but will wait for The Beast to show some weakness. Decided that flat was the way to be, over the weekend. Implied vols. backed off, as usually happens on a big rally. The Augusts are pretty cheap by AMZN standards. I'd look for another up day on Monday, barring more political upheval, and then think about shorting again.