SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: HiSpeed who wrote (16202)12/18/1998 11:58:00 PM
From: Tom Hua  Respond to of 18691
 
HS, I was thinking of writing out of the money puts against my underlying shorts. Shorted at 295, the April 210 puts get me more than $20 per share, $62 if I go for the April 290. Keep in mind that AMZN will report Q1/99 after the April expiry. Q1/99 may be the first quarter that AMZN will show sequential decline in revenue, accompanied by a big drop in its stock.

Regards,

Tom