AMZN just retested old support, longer-term bearish

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AMZN probably is not going to have a great time going forward. Just retested old support from there earnings bounce. Getting into a Sep 2022 2700 put (straight up). It is expensive so I will have a stop on it, but giving this trade plenty of time to work.

٨ مارس ٢٠٢٢

ملاحظة

This trade is really working out well, so I'm letting it ride for a while.

٣١ مارس ٢٠٢٢

ملاحظة

Ok, well I have closed this put position. As the market has convinced me, it will most likely continue to go higher.

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ملاحظة

Glad to see this did work out.