Amzn

Looks like it is running out of steam but I wouldn't even short this thing with your money! Honestly I want to see some real selling and then a nice pullback or range before I would be interested in shorting this stock. On a daily chart basis the crowd sentiment has to have turned on this type of speculative stock since there is obviously no regard for fundamental valuations.

Just my 1/50th

-TD
 
At this point, it seems obvious to me that I made a bad trade. I hedged the position by selling the $42.50 calls. Now, the plan is to cover the position in stock if it gaps up or moves higher tomorrow and let the Put ride naked. Get some value out of the puts, then cover those as well. If it goes down tomorrow, the Puts will be covered and the stock will ride.

-FastTrader
 
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