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


To: umbro who wrote (21604)10/14/1998 10:32:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
> Open interest can't tell us if the retail client bought or sold.

Not unless you look at the "mirror" position in the put side (where premiums are equal).. In Amazon right now, the premiums on puts are enormous, while the premium on calls is not so high. Everyone expects this stock to tank so they're busy buying puts.

Someone made a huge bet today that amazon is going to be under 75 by november expiration.



To: umbro who wrote (21604)10/15/1998 1:24:00 AM
From: Frank Z  Read Replies (1) | Respond to of 164684
 
Gary,

When you buy to open, the open interest is not necessarily increased. For instance, I buy 10 contracts from you , which you bought two months ago and re-sell them to me. In this case, how is open interest increased?