Amazon I have held in size all year. There has been a massive 220 and 240 sell walk for months. The stock has finally broken out. I have trimmed shorted dated calls and remain holding a lot of shares.
My target is a fib on the yellow line, might take a few months since this is a weekly chart. I expect the daily gap to at least partially fill, but who knows.
My plan:
Keep my shares and sell puts on red days
I might add long dated calls if we sweep 232$
My target is a fib on the yellow line, might take a few months since this is a weekly chart. I expect the daily gap to at least partially fill, but who knows.
My plan:
Keep my shares and sell puts on red days
I might add long dated calls if we sweep 232$
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.