By Dan Darrow

September 16, 2022

Intraday Update: AMZN

A surprisingly bad warning from FDX after the close yesterday has weighed heavily on the market overnight, and the preliminary results are dragging UPS and AMZN down along with it. AMZN had been holding 126-126.50 well for the past few sessions, but now it is well below that and back under the key 125 level (previous monthly resistance). The Oct14 $135 - $139 call spread roll up needs to be closed early off the open. This may be a name we circle back to closer to earnings in October.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication