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

To: Merlo who wrote (13912)	8/19/1998 3:08:00 AM
From: Merlo	Read Replies (2) \| Respond to of 164684

Amzn a hedge players dream now my 2 Aug calls are starting to make money. Will close out my reverse hedge before Aug call expiration. My Strategies were to go short at preceived resistance levels and buy 2 out of the money cheaper calls for protection. This is best done during the last 2 weeks before options expiration when call premium is low. Example sell Amzn short at $137 when at a perceived resistance level and buy 2 out of the money calls. Setting the right strike price & call price is very important. My short position was already closed out this morning per my earlier post.