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

To: Jason Cogan who wrote (29556)	12/10/1998 5:56:00 PM
From: Y2k_fan	Read Replies (1) \| Respond to of 164684

I think Glenn sold covered-calls so he does not have to worry about margin power. Agree with everything else. Too many people are selling naked calls and naked puts on AMZN, this is part of the reasons why it has become so volatile.

To: Jason Cogan who wrote (29556)	12/10/1998 6:06:00 PM
From: Glenn D. Rudolph	Respond to of 164684

4 5/8 was a good deal. One of the things I have learned with short option trading is to always cover for a profit. The freeing up of margin requirements almost always offsets the downside of commission and premium. Plus, with a volatile sucker like Amazon, there's usually a chance to put the trade on again. JC, My plan was to buy back at 2 and I believe that will be possible if AMZN goes to the low 200s. Also, time premium will be leaving soon. I use to write naked puts all the time but currently do not have a brokage account that permits that. I closed one that did about a month ago. I will have to go broker shopping after the holidays. Glenn