July 18, 2022

Intraday Update: AMZN

A strong open on AMZN has boosted the prices of short-term calls, and the action area of the proposed Aug05 $115 - $120 call spread has been above the initiation level all morning. There is still potential for a run, though following the nearly 2% move this morning, the risk is also higher for a pullback. We will move forward with a bullish trade here, but the new strategy will be a lower debit one and you should approach it as more speculative. The new trade will be:

  • Long AMZN Aug05 $116 - $120 call spread.

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