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


To: Jan Crawley who wrote (24987)11/7/1998 10:10:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Glenn, talking about Yhoo, my current position: (don't laugh)

100 short shares at $119
100 long shares at $121
short 1 Nov 110 puts with $9 prem.
short 1 Nov 120 calls with $9 prem.
Traded at least 8 times in the past months. I am about to burn out. Seems like I only
know how to make money the hard way!


Jan,

I am not laughing. You know how to make money so that counts.

I had a good postion with YHOO until October expiration. Five hundred shares long with covered calls and five hundred shares short with covered puts. The premium was great. YHOO had to breakout to the uside enough that I closed with a small profit. I was hoping it would stay around 120 for awhile and I could repeat the options. I may try it again here but suspect it could fall quite a bit. My plate is full with AMZN anyhow.

Glenn