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


To: OtherChap who wrote (21618)10/15/1998 12:18:00 AM
From: Bill Harmond  Respond to of 164684
 
>>The premium on a call that far "below the money" is crazy for anyone who thinks the stock is going up. Why not pay a truckload less dollars and just buy a 95 call instead?

When was the position opened? Amazon has been as low as 65 during the last 6 weeks.



To: OtherChap who wrote (21618)10/15/1998 4:18:00 PM
From: nihil  Respond to of 164684
 
75 call on AMZN is in the money, not below the money. Writing calls in the money shortly before expiration is a profitable way to sell stock. Of course, they may be sorry tomorrow.