Amazon.comShort
AMZN PUTS
Amazon (AMZN) recently broke down from an uptrend wedge pattern, signaling a potential shift in momentum. The latest earnings report revealed disappointing revenue growth, rising operational costs, and a slowdown in AWS, raising concerns about future profitability. $160 area target.
The strikes in Iran and among port workers could hit Amazon pretty hard. If ports get backed up, it could slow down shipping and lead to inventory shortages, making it tough to keep products in stock. Plus, if shipping costs go up, that could eat into profits. With all this chaos, consumer confidence might drop too, which isn’t great for sales. Overall, these disruptions could really hurt Amazon's bottom line in the near future.
The strikes in Iran and among port workers could hit Amazon pretty hard. If ports get backed up, it could slow down shipping and lead to inventory shortages, making it tough to keep products in stock. Plus, if shipping costs go up, that could eat into profits. With all this chaos, consumer confidence might drop too, which isn’t great for sales. Overall, these disruptions could really hurt Amazon's bottom line in the near future.
Note
I did move out to Nov 8th, 155 puts. bought more time. GL everyone!Note
Fib Channel Breakout this morning, to the downside. Sloppy price action is expected into FOMC. No change on targets/Dates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.