Amazon Stock $AMZN - Trade Idea - Ready to pop! Long

Amazon.com, Inc.NASDAQ

Description

⋅ Feb 4, 2021 1:47 AM

Amazon Stock AMZN - Trade Idea - Ready to pop!

Personally, I'm going to put a on credit put spread either at the money or just out of the money.

We were definitely faked out by AMZN's previous breakout. Is it for real this time?

Let me know in the comments.

Trend Analysis

Comments

mbver

⋅ Feb 4, 2021 2:21 AM

so you think that the stock will go down? I have spreads expiring on 2/19 and trying to figure if can breakeven with them

BW11

⋅ Feb 4, 2021 5:29 PM

@mbver, what are your short legs?

I absolutely will go down.. nothing goes straight up. I'm just saying that the risk/reward is good right now. Earnings pushed it above the wedge.