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AMZN will eventually fill these - my strategy
Amazon.com
Long
AMZN will eventually fill these - my strategy
By Wheel_Options
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Updated
May 1, 2023
7
4
4
Apr 16, 2023
If
AMZN
does a similar move to
NVDA
or
META
, I fully expect some obvious gap fills. Not a matter of IF, but a matter of WHEN.
1st tgt: $125.25
2nd tgt: $163.27
If market doesn't sell off hard, I will sell cash secured puts of
AMZN
until these gaps are filled.
Apr 16, 2023
Note
To be clear, this could take months. But that's ok. As long you generate consistent income, and manage your risk, you should be fine.
If these puts are filled and you got shares assigned - you sell a covered call.
May 1, 2023
Note
Needs to hold ~
1
102
, if not it's going to ~$98.
Beyond Technical Analysis
Wheel_Options
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