AMZN was sitting there the past few days as the market sold off after quadruple-options-expiration last Friday, but I like to "go with" trades that set-up like this and look for another 20-40 points (6-13%) on the downside for AMZN through the end of November. I'm sure that AMZN will have a barn-burner for a Holiday selling season, but for now I think it is under pressure along with the retail group.
Risk 15 pts - 20 pts to make 20-40 pts. Probability estimate for this type of trade 50%.
Tim 11:16AM EST 9/26/2014 AMZN 318.31 last