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

To: umbro who wrote (21317)	10/12/1998 5:44:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 164684

Different options... Gary, is there any way to determine options bought for speculation vs. options bought for protection? It seems to me that if you sell covered puts on AMZN, you are being bullish on AMZN prospects, because you believe stock will rocket and option will expire worthless. Could the contrarian implications of a high put/call ratio reflect large increases in covered put writing? DocStone

To: umbro who wrote (21317)	10/14/1998 5:04:00 PM
From: umbro	Read Replies (1) \| Respond to of 164684

AMZN options report for 10/14/98 AMZN price: 93.500 Options Study for: OCT put break-even: 93.56 OI = 18550 VOL = 3518 call break-even: 94.50 OI = 22083 VOL = 4514 max. pain: 90.08 R = 0.8 R = 0.8 Options Study for: NOV put break-even: 81.44 OI = 4731 VOL = 1165 call break-even: 108.03 OI = 3836 VOL = 1133 max. pain: 95.06 R = 1.2 R = 1.0 Options Study for: JAN put break-even: 77.62 OI = 5951 VOL = 41 call break-even: 113.43 OI = 4830 VOL = 168 max. pain: 99.92 R = 1.2 R = 0.2 Options Study for: APR put break-even: 71.82 OI = 1211 VOL = 2 call break-even: 123.13 OI = 846 VOL = 15 max. pain: 109.98 R = 1.4 R = 0.1 net long/short: 0.12 mil. i.v. for OCT = 0.77 i.v. for NOV = 1.01 i.v. for JAN = 0.98 Premium contnues to be stripped from the October options, but remains strong for the Nov. and Jan. options. Probably after tomorrow's (?) earnings announcement the volatility will come out of those options as well. Perhaps AMZN will show good growth in its core book business, but I wonder if all those acquisitions won't weigh it down? Will they be able to pull the "pro-rata earnings" trick again?