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Msg  6484 of 6719  at  9/25/2020 3:32:01 PM  by

sandiegodude2000


 In response to msg 6483 by  sandiegodude2000
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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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Replies
Msg # Subject Author Recs Date Posted
6485 Opening Trade for Next Week sandiegodude2000 0 9/25/2020 3:36:12 PM






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