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Re: Week 93 // 2nd New Trade (F2: AMZN) (ROI >100% Possible)This will be the last trade pre-speech. Do not execute this trade if you disagree with my analysis. I particularly expect AMZN to rise in the last half hour, so even if F2 is ITM with 30 minutes to go, it could easily wind up OTM by the bell. F2: Sold (10) AMZN 2440/2445 call spreads AND Sold (10) AMZN 2415/2410 put spreads for +2.75 (+27.50) MU = 2.25 (22.50) at 11:32am when AMZN = $2411 Thesis: 2415-2440 If in the last 30 minutes the pps < 2407, I'd bring down the calls then roll the ITM side at the bell. AFTER the speech, I will offer up some 'easy' CYLT trade(s) once the market direction is known. (Yeah, I know, why bother doing this trade when you can wait for that one? Answer: because this one offers more return than later ones I'll be giving). Use different strikes to add or reduce premium/risk. |
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Msg # | Subject | Author | Recs | Date Posted |
6030 | Re: Week 93 // Press Conference at 2pm EDT | sandiegodude2000 | 0 | 5/29/2020 1:24:45 PM |