Its going below 250 but may still pin above 250 on Friday. Being as I am short stock against long calls/short puts I hope it sees 245-247 - Holiday season can't expect AMZN to drop like a rock! lol
Dec 7 expiry. Quoting. 1.98 x 2.00 on IB as I type. I'm paring out here, doubt I'll get the 3.00. Will keep 1 in the burner for shits and giggles.
Exited the burner at 14.75. Shits and giggles turned out to be a major laugh. Took some off the orcl position. Orcl still has some give to it.
Amzn looks overextended here. Could be amzn bulls getting ahead of themselves here. Picking up amzn jan18 255 puts. Hoping to get lots of meat out of this one.
Still wondering why anyone would bid up a over extended stock after hours. Goes to show market participants are generally stupid. Will be watching the quality of appl buyers between 500 and 520 to buy Jan calls. So far appl bulls have been retail averaging down or retail attempting to bottom pick. Which means appl could easily break below 500 to make them puke. Good show made by amzn bulls today. Looking for another retest below 250 before jan expiry to get rid of puts.
Will partially unwind position today if it holds up above 27. Looking to buy Abx Jan 35 calls. Expecting move higher next week for Abx.