Bought Dec 115 put when price was at 122.80 and S&P at 1087. Now S&P at 1063 and AMZN unchanged. What a market... What a market.
News did not reach them yet that they are operating in reverse mode. Once they realize it, they might speed it up a bit to catch up. I shorted it at 123.70. Once it is below 122, they should get it.
If you can time shorting this just right you can make a great amount of $$$$$$$$. Looking very much overbought.
Well that was a quick point and change against you. Where is your stop on this paper trade? Edit- Now it has ripped $2.80 against you in exactly one hour. Watch out for papercuts! LMAO. (Guaranteed he comes back and says he covered for a small loss)
major resistance @ 125 to 127 level.. i think it will not clear this hurdle unless we rally hard in S&p 500 Man i missed today i new amazon would go to 125 and i was planning to buy nov 125 call for 3.25 but i did not.. easy money gone now i will go and buy some put which will be hard money.. dumb me
RSI well above 80 upper end of BB all r telling AMZN is due for 5 to 8 pullback right now 125. maybe within next few week
actually the 115 put i bought this morning is actually up in value even though the stock is a $ higher (123.90) than where I purchased it at. implied volatility has been climbing up today.