Amazon.com (AMZN) has traded poorly since nearly touching $350 in early September, due in part to the Alibaba (BABA) IPO weighing heavily on the stock as relative comparisons were made. However, it looks like AMZN could be putting in a bottom, so I want us to get ready to play the next leg up. Buy to open AMZN October $317.50 calls (exp. 10/18) at $9 or under. This is an aggressive trade.
AMZN October $317.50 Calls: New Aggressive Trade
Amazon.com (AMZN) has traded poorly since nearly touching $350 in early September, due in part to the Alibaba (BABA) IPO weighing heavily on the stock as relative comparisons were made. However, it looks like AMZN could be putting in a bottom, so I want us to get ready to play the next leg up. Buy to open AMZN October $317.50 calls (exp. 10/18) at $9 or under. This is an aggressive trade.