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Options Strategies
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Re: Weeks 58-59 // 2nd LT Recommended Trade (AMZN)I've been reviewing AMZN's daily trading during the time I was away. Yesterday was a telling moment for this stock, as fears of a Mid East conflict rippled through the market. During that time, AMZN was repeatedly pressed to go below $1800. Every time, it refused. Combined with its recent strength, and my gut instinct having traded options on this stock for years, I'm recommending this 2-step trade. Step 1 is this: LT2: Sold (5) AMZN 1805/180250 put spreads for +.84 (+4.20). MU = 1.66 (8.30) at 10:49am when AMZN = $1814. Thesis: > 1805. What is the 2nd step? For those willing to accept this trade as a 1-and-done, there is no 2nd step. ButI I expect to sell call spreads later in the week when I perceive a top for the week has been hit. |
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| Msg # | Subject | Author | Recs | Date Posted |
| 3580 | Re: Weeks 58-59 // Tuesday After the Close Update | sandiegodude2000 | 0 | 9/17/2019 4:52:41 PM |
