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AMAZON Beats earnings

Posted on 1/30/20 at 3:10 pm
Posted by Pendulum
Member since Jan 2009
7032 posts
Posted on 1/30/20 at 3:10 pm
Amazon trading at 2060 after earnings.

Does it stay above 2000 this time?
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 3:15 pm to
quote:

Does it stay above 2000 this time?




I hope so because I will clear about $10K or more on my calls tomorrow if it does.
This post was edited on 1/30/20 at 3:22 pm
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/30/20 at 3:19 pm to
It's at $2,122 in after hours trading now...
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 3:21 pm to
Damn good day for me tomorrow but some dude on r/wsb is set to clear around $700K if this holds.




Posted by Pendulum
Member since Jan 2009
7032 posts
Posted on 1/30/20 at 3:28 pm to
Nice!

I've only been trading seriously for 3 years. Still haven't messed with options. The one thing I find funny, is even when I buy a few shares of something and it explodes like I did here with amazon. Instead of being happy, I just feel immense regret at not pushing more chips in.
Posted by The Egg
Houston, TX
Member since Dec 2004
79085 posts
Posted on 1/30/20 at 3:29 pm to
Yall gotta teach me how to play options
Posted by castorinho
13623 posts
Member since Nov 2010
82009 posts
Posted on 1/30/20 at 3:29 pm to
I find it amazing that company with 900B market cap can go up 13% because of the last three months.
It's pretty fascinating.
Way too much emphasis on quarterly results imo.
Posted by castorinho
13623 posts
Member since Nov 2010
82009 posts
Posted on 1/30/20 at 3:35 pm to
Volatility, trader's wet dream
This post was edited on 1/30/20 at 3:36 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 3:39 pm to
I started to buy more Amazon calls this morning when the market was down. There's always that what if.

I made a lot of options plays this week.

I missed on AMD -60.09%
Did well on AAPL but not as good as I had hoped 21.23%
Barley came out on MA 14.31%
Crushed it with MSFT today 101.97% gain
Sold ALXN during the run up before close for 23.45% profit
Sold V today before earnings because I had already made 63.21% on the run up. V is down right now.
Will crush AMZN tomorrow

My last play tomorrow after I sell AMZN is CL. I bought in the money calls earlier in the week but I am currently down. Hopefully, I can just get out tomorrow when they beat. All signs point to a beat. If not, I am out a few K but still had a great week.


All of that just goes to show it's better to be lucky than good.


This will be a good week and might top my best week I had 14 months ago.



ETA: fixed the percentages for this week
This post was edited on 1/30/20 at 4:42 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 3:41 pm to
quote:

Way too much emphasis on quarterly results imo.




The whole market is just too volatile. I basically went into hibernation mode on trading because of the volatility and haven't been doing much until last week when I made some good plays on INTC, AXP, HCA, TER, and KEY. I made 80% on INTC and 62% on TER so I used that profit to gamble with this week.
Posted by nEVERhappy
Geismar
Member since Sep 2009
351 posts
Posted on 1/30/20 at 3:45 pm to
Can you explain options to me? I've read but hearing examples is better for me! jaucoi5@gmail.com
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 4:11 pm to
The options calculator I use shows a 330% profit if trading at $2100 tomorrow.

I bought ITM $1852.50 calls with a 2/21 expiration. I didn't go balls deep in and only bought two at $55.60 per or $11,120.

Geez...I might have to find Bezos and suck him off.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 4:18 pm to
Man, I would but I try not to influence others with their financial decision making. I don't want to be responsible for someone losing money. I even made a big deal about people pumping shitty crypto on here because they were suckering people into money-losing positions.

Watch and read everything you can to start with then make a few plays on paper and see how well you would have done or how much you would lose. If you feel you can stomach the rollercoaster that is options then start doing your research. I use Earnings Whispers and Zacks as my primary plus on my Twitter account, I have a list of guys that tweet out good data and info daily. I do more research then that but at the end of the day it's a huge risk no matter what. MA crushed earnings this week but shite the bed because of guidance so you never know.

It's a lot like gambling in that a lot of people don't post their losers but you can have days like this as well. I don't screenshot my accounts anymore because people know my handle IRL but this is leftover from when I used to:



Posted by Pendulum
Member since Jan 2009
7032 posts
Posted on 1/30/20 at 4:26 pm to
Someone sent me this link when I asked the same question on this board last year.

I've gone through a few of these, it's very well laid out.

OptionAlpha

This post was edited on 1/30/20 at 4:27 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 4:30 pm to
Do they teach you how to write naked calls for max gains?

J/K don't do that.
Posted by nEVERhappy
Geismar
Member since Sep 2009
351 posts
Posted on 1/30/20 at 4:42 pm to
Thanks to both of you!
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 4:44 pm to
This is the calculator I use to see potential profit

LINK
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48267 posts
Posted on 1/30/20 at 5:06 pm to
Glad I own a whole 5 shares
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 1/30/20 at 5:24 pm to
Nice Stout. I did not have any AMZN. I did however have V leaps.. they will be down tomorrow. oh well. will continue to hold.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167028 posts
Posted on 1/30/20 at 5:27 pm to
V will rebound. I started to hold but I couldn't ignore 60% profit before close and took it.
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