Seeking Alpha
  • Cubantrader
    AMZN 200 next week? maybe...170 call
    2/14/12
    Reply (9)
    • vinyal: how about in between 170 and 200 or any other random no.
      2/14/12
    • Brian Benda: AMZN buyer above today's high at 193.50. Until then, continue to hold my March 225 put. Today's high erased the post-earnings decline.
      2/14/12
    • Brian Benda: Some bearish relative strength divergence at today's high. At a minimum, indicates holding pattern here. Wait for confirm before buy.
      2/14/12
    • Brian Benda: Cuz, honestly, at this point you have missed the move from the drop. So, what is another $2-3 for breakout confirmation? Manage risk.
      2/14/12
    • Brian Benda: That said, like the deepish ITM call if that is the direction you wish to play on this stock.
      2/14/12
    • Cubantrader: Ok
      2/14/12
    • Brian Benda: Waiting for breakout confirmation paid off today. Bloomberg report cratered AMZN mid-day. Moving put stop down to entry at $191.50.
      2/14/12
    • Cubantrader: Thank buddy.
      2/15/12
    • Brian Benda: My pleasure, good luck! :)
      2/15/12