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

To: umbro who wrote (13988)	8/19/1998 12:47:00 AM
From: Jan Crawley	Respond to of 164684

Thanks as always for your report/analysis. Lots of today's put contracts were closing and calls were openings; the OI balanced just updated a while ago. I think the Aug 130 puts maybe a good deal tomorrow especially if the premium drops to around $2; it is around $4 at closing. Jan

To: umbro who wrote (13988)	8/20/1998 7:30:00 PM
From: umbro	Respond to of 164684

AMZN options report for 08/20/98 AMZN price: 129.125 Options Study for: AUG put break-even: 127.85 OI = 16883 VOL = 3445 call break-even: 129.35 OI = 22593 VOL = 3962 max. pain: 120.08 R = 0.7 R = 0.9 Options Study for: SEP put break-even: 113.09 OI = 4151 VOL = 656 call break-even: 139.41 OI = 6761 VOL = 1215 max. pain: 120.08 R = 0.6 R = 0.5 Options Study for: OCT put break-even: 106.64 OI = 3816 VOL = 192 call break-even: 142.80 OI = 7624 VOL = 386 max. pain: 97.09 R = 0.5 R = 0.5 Options Study for: JAN put break-even: 98.17 OI = 2368 VOL = 13 call break-even: 154.22 OI = 3768 VOL = 54 max. pain: 99.92 R = 0.6 R = 0.2 net long/short: 1.35 mil. i.v. for AUG = 0.46 i.v. for SEP = 0.81 i.v. for OCT = 0.78 i.v. for JAN = 0.75 The 'max pain' is still sitting at 120, but the stock is behaving more like it wants to hold at 130. Sept. has the same max. pain, and that is a coicidence, but I don't see any other significance in it. Implied vols. still holding up pretty well on the Sept. options, but obviusly dropping fast on the August options, which expire tomorrow. There's still a lof call activity; either the bears are selling them, or the bulls aver very optimistic about AMZN's prospects.