AMZN – Amazon (Last:332.23)

The 350-strike calls we hold for an average 0.47 expire tomorrow (Thursday) , and although they remain a distant longshot, yesterday’s $7.45 thrust at least gave them a fighting chance. I’ll suggest offering half of them for 0.60, day order, and saving the rest for Friday if AMZN finishes above 338. The chart is a reminder of what we were shooting for in the first place, and how much ground the stock must cover in just two days to put us in-the-money. _______ UPDATE: The stock finished out the week screwing the pooch, and so our calls went to zero. The loss was $188, assuming four held.