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jeffhateley
Feb 13, 2019 3:35 PM

AMZN - Short -  Short

Amazon.com, Inc.NASDAQ

Description

Good Morning All,

Amazon is hitting the top of a downward channel trend, and it is my belief that is will be heading back down. Looking at the MACD I believe there is a price divergence occurring. My play is to enter a put option around the close of the market if AMZN does not break the resistance line.

Buying a put with expiration date of 2/22/2019, x price = 1600 @9.08

Lets see how it plays out... Happy Trading!
Comments
Angran
good call. What's your target price?
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