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Started By
Message
re: Options Trading Thread
Posted on 2/3/24 at 8:52 am to thatguy777
Posted on 2/3/24 at 8:52 am to thatguy777
quote:
All of the flows after earnings were bullish today on AMZN, could see a slight pull back and your position makes sense if a hedge on your shares
I'm already profit with it.
quote:
but it wants ATHs this year. I would just ride the wave, probably gets to 200 this year
I won't say I will never sell it, but I have no plans to sell my AMZN shares.
1
Posted on 2/3/24 at 5:52 pm to BCreed1
I understand you are already up on that position but things can change quick. Just giving my opinion. No point in wasting capital unless you want to hedge that position, just ride the uptrend in AMZN. You have to close that bear spread to make money which I assume you have not done. Basically, there is no point to buying a put spread on a stock in an uptrend, its a waste of money, unless you are hedging. It might work out for you this time...who knows...
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