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Apology Tour // 7th Day Trade (AMZN) -- CYLT FWIW, the previous day trade appears to have been correct in its thesis. It's hard not to react when the pps is $10 higher than the call strike. But now it's clear that $3100 is the top. So, sell the call spreads by the bucket: F7: Sold (20) AMZN 3100/3105 call spreads for +1.24 (+24.80) MU = 3.76 (75.20) at 3:30pm when AMZN = $3192 Thesis: <3100. If the pps heads back to 3100, then roll (with a credit) to next week with a bullish thesis. |
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Msg # | Subject | Author | Recs | Date Posted |
6485 | Opening Trade for Next Week | sandiegodude2000 | 0 | 9/25/2020 3:36:12 PM |