I am considering purchasing some $3200 strike price calls that expire 12/18 for Amazon based on its growth, and the fundamentals of an economic recovery and hope of a readily available covid vaccine. AMZN should also rise high into Christmas as investors are going to buy ahead of earnings expecting a strong quarter. Based on the technicals, the Bollinger Bands show room for more growth on this 45min chart. MACD also shows signs of growth and AMZN is about to break through Resistance according to the Kurutoga Cloud.
Current price is $76.93 per contract, I will likely buy in as it nears $60 per contract.
Big stake, medium risk, and high reward. Comment your thoughts below.
Current price is $76.93 per contract, I will likely buy in as it nears $60 per contract.
Big stake, medium risk, and high reward. Comment your thoughts below.