Two of the FANG have missed. Are you not concerned that a turning point is forming? SPY is getting close to 12 month high. A little double top trading action might occur. OK. I know that some aggressive traders would increase the number of contracts to create more leverage with OTM options in case of a big move. Anyway, hope you make a big killing on the trade.
I had seriously thought that AAPL was going to run to $1T back in June, but right now it sure feels like AMZN is going to breeze into that $1T mark in no time. With FB pushed out of FAANG, I feel like that money is going to go somewhere, and so far I've seen it jump right into GOOG after that stellar earning report this week. Now with AMZN posting surprisingly solid earnings, I can feel investors feeling relieved that this one's not another FB blowup, and that could be enough to push it into that $1T mark. From my calculations, it looks like $2028 is the target. Somehow, that price target feels easier to reach than AAPL's $200 target.