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

To: Hugh W. who wrote (27183)	11/19/1998 9:21:00 PM
From: Jan Crawley	Respond to of 164684

Well, Hugh, The short/long position has been an on-going one, it's more of a "box-trading" position. I generally use equal # of short shares to hedge the same # of short puts, short calls go with the long shares. I tried to write the call/puts at price swings carefully and accordingly. This will only work if you have a large/flexible portfolio and with small # of shares. It's been working nicely in the past 4 months, but may not be in the future. Amzn has been too volatile to play this way in the past 2 weeks. I will not recommand to anyone, unless you have resource and experience. Sorry to be so frank, but this is still dangerous!