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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (2949)	9/9/1998 4:56:00 PM
From: majormember	Read Replies (3) \| Respond to of 59879

<So, what are you going to do when it gets to $65 again???> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rashid, I'm not sure you understand options....o.k., yesterday when AMZN was around $92, I paid $4 for the Oct 65 puts, YZN-UM, as the price DECREASES towards $65 the market price will INCREASE. I can sell the put anytime....today the put closed at 5 1/8 or +1 1/8 on 50 puts...a nice one day profit, but I feel AMZN will continue it's slide, perhaps below $65, when once I'm "in the money" there is a one to one point match... Until (if) AMZN hits/goes below $65, all one is paying for is the "Premium". Skane