Re: Weeks 58-59 // A Note on Why AMZN is Down Today
The cause is the weak outlook given by FedEx (FDX).
Since FDX delivers most of AMZNís packages, the outlook
has extended into AMZNís outlook.
The question is whether $1800 will hold up as support.
As Iím getting on a plane in 25 minutes, Iíll provide these
For both LT1 & LT2, if the pps < $1797.50, then do this:
1) Close the short call spread and open the 1805/1807.50 call spread
for a credit of around +.80 - +.95
2) Close the 1805/1802.50 put spread for around -1.20 - -1.40.
Weíll sell a new put spread later. I have entered these 2 conditional
trades into my trading queue.