Buy AMZN puts

Actionable Trade-Alert

from Rick in the Trading Room

(Please check all related discussion in the room before you do any trades.)

Monday, February 26, 2024

09:44

  Rick

Bid 0.20 for AMZN 1 Mar 170 puts, good till noon. The trade is intended to leverage this 176.09 ‘D’ target in the stock:

09:45

  Rick

https://bit.ly/3uLdLv0

 

https://bit.ly/3uLdLv0

 

 

 

The stock has already traded slightly above the target this morning, but the options, currently at 0.48, look like they want to fall to 0.19.  This implies AMZN will test this morning’s high.

 

 

RA

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