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  • AMZN Credit Spread Trade follow up 1 comment
    Mar 24, 2011 3:01 PM | about stocks: AMZN

    Amzn is up over 6% today not including yesterdays nice bounce of the $161 area of support we identified using technical analysis.  The credit spread on AMZN has gone from a unrealized loss, to a profitable trade in the last 24 hours of trading we have had a 100% reversal in our P&L.  Going from a unrealized loss of over $57  per spread to now a $57 dollar unrealized profit per spread.   We have 22 days left till expiration and a potential profit of around $150 per spread.  As you can see there is still plenty of potential profit in this spread trade.  Lets stay with this trade and start monitoring when it would make sense to start taking profit.  Lets follow our money management rules.  

    AMZN credit spread trade bounce of support

    Stocks: AMZN
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    Author’s reply » is good
    27 Mar 2011, 12:54 AM Reply Like
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