Amazon has taken quite a beating since it’s split, not entirely sure why. I took the opportunity yesterday to buy a few $130 calls a few months out. As you can imagine, I went into the hole pretty fast, haha. I haven’t bought calls in a while and this reminds me why I stopped buying them in the first place.
Since they’re a few months until expiration, I figured I can wait a while. Think Amazon has room for a short term run to the $130 area? Or do you think the pain will continue for the next month or so? All I’m really looking for is a bear market rally like the one we had a couple weeks ago. What do y’all think? Thanks!
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