My Trade Details:

  • AMZN Sep 2 2022 140 Put near $3
  • Stop : Close above $146
  • Target : $133


Bullseye Pick Of The Week – AMZN - Bullseye Pick of the Week

700% potential

Bullseye Pick Of The Week – AMZN

AMZN has been trying for over a week to get through the 200-day moving average, but to no avail.  Since that has been such a tough spot to get through, I am going to use that as my stop on this trade.  That would be AMZN closing above $146.

Since I am betting against AMZN this week, I am looking for a move lower in the stock.  My profit target will be $133 which is the midpoint of the Keltner channel.

It is going to be an exciting week for the markets so make sure you are ready to go!