Jump to content



Photo

An AMZN coulda shoulda but not a woulda


  • Please log in to reply
No replies to this topic

#1 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,651 posts

Posted 06 September 2018 - 08:36 PM

Just for fun...bowrie.gif

 

From the link:

 

 

Shared the chart below of AMZN around the internet after the close last night with the suggestion that this was an obvious setup to buy puts or sell calls...

 

...AMZN had a big move down (as history whispered it would). The 1995 Put, expiring Friday, from the open peaked during the day up 260% and ended the day up 161% (see the companion chart below). That’s somewhere between $26,000 and $16,000 on a small $$10K capital commitment. Not bad for a day trade? This could drop more tomorrow making that put even more profitable but come on…it’s a home run with no need to risk an overnight reversal.

 

For a lot more discussion and the charts:

 

THE AMZN PLUNGE AS PLANNED


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."