I've gone short at 349 via puts. This is a very short term trade and will close them at ~330. Stop is 1 week if trade does not materialize.
Short AMZN
Started by
orange
, Feb 20 2014 01:29 PM
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#1
orange
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Posted 20 February 2014 - 01:29 PM
AMZN is setting up for a quick trip to 330. This is right where the 200 SMA is on the daily, and previous resistance and support. There is a high likelihood it will gap down tomorrow. The pattern is that of a descending triangle.
I've gone short at 349 via puts. This is a very short term trade and will close them at ~330. Stop is 1 week if trade does not materialize.
I've gone short at 349 via puts. This is a very short term trade and will close them at ~330. Stop is 1 week if trade does not materialize.
"When your position is underwater, average down" - Professional Trader
