$AMZN (Amazon.com--$934.15; -3.38; optionable) C
Post# of 2218
Company Profile
EARNINGS: 07/27/2017
STATUS: Flag.
Nice 4-day test of the break to a new high on earnings, moving back to tap at the 10 day EMA on the Friday low. Strong volume on the break higher, lower volume on the test. We are looking at a new position as AMZN moves back up through the buy point, holding the move. We then play a run to near 1000 (kind of like a run to 100, just add a zero). That move lands a 60+% gain on the call options.
CHART VIDEO
Volume: 2.866M Avg Volume: 3.208M
BUY POINT: $940.48 Volume=3.6M Target=$998.32 Stop=$924.74
POSITION: AMZN AUG 18 2017 940.00 C - (49 delta)
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