- Number of messages : 636
Points : 4351
Date of Entry : 2013-01-29
Year : 50
Residence Country : Beograd
on Tue Jan 24, 2017 8:18 pm
Below is a daily chart of Amazon.com, Inc. (AMZN), $817.50.
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Trade: Over $822.90, we recommend buying 5 Feb $775/850 bull put spread (24 DTE) at mid-point or better (currently mid-point is $40.80/share).
Strategy: Continuation of breakout from bullish consolidation on daily and weekly charts into 2/2 earnings (but close prior to earnings).
Max Gain: Spread width less debit.
Max Loss: Debit.
Stop Loss: $802.98
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