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

To: Bill Harmond who wrote (16552)	9/9/1998 6:34:00 PM
From: OtherChap	Read Replies (2) \| Respond to of 164684

> The Oct 85's are 12 1/4 bid, with the stock at 84 1/2. I was referring to the premium on Oct 60s. The market has assigned a price of 4 bucks to them, which equals a 28 dollar premium. Not all puts have that kind of premium- and I don't expect that premium to stay that high all the way down.. But if it happens in a one day period, much of that premium will still be there as people see the bottom dropping out. Amazon's options are in no way linear! with a stock this volatile, the price of the option has more to do with where people are lining up their bets than with the underlying stock price. GOD BLESS AMERICA!