Hmm.. AMZN now also a negative beta stock

News did not reach them yet that they are operating in reverse mode. Once they realize it, they might speed it up a bit to catch up.

I shorted it at 123.70.

Once it is below 122, they should get it.
 
Quote from riskfreetrading:


I shorted it at 123.70.
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Well that was a quick point and change against you.

Where is your stop on this paper trade?

Edit- Now it has ripped $2.80 against you in exactly one hour.

Watch out for papercuts! LMAO.

(Guaranteed he comes back and says he covered for a small loss)
 
Quote from riskfreetrading:

News did not reach them yet that they are operating in reverse mode. Once they realize it, they might speed it up a bit to catch up.

I shorted it at 123.70.

Once it is below 122, they should get it.
More...

dumb... dumb dumb dumb dumb....
 
Quote from scriabinop23:

Bought Dec 115 put when price was at 122.80 and S&P at 1087. Now S&P at 1063 and AMZN unchanged.

What a market... What a market.
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major resistance @ 125 to 127 level..

i think it will not clear this hurdle unless we rally hard in S&p 500

Man i missed today i new amazon would go to 125 and i was planning to buy nov 125 call for 3.25 but i did not.. easy money gone

now i will go and buy some put which will be hard money..

dumb me
 
RSI well above 80 upper end of BB

all r telling AMZN is due for 5 to 8 pullback

right now 125.

maybe within next few week
 
Quote from sub0:

I'm glad I didn't short this earlier. I had a feeling it still had some legs so stayed away. :D
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actually the 115 put i bought this morning is actually up in value even though the stock is a $ higher (123.90) than where I purchased it at. implied volatility has been climbing up today.
 
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