AMZN Options Plays THIS WEEK 7/18 to 7/22
Watching this week to see if price can get ABOVE 116.61
If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125
If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is underway
I am open to playing PUTS above 124.53
Very hard for me to be bearish unless price starts pushing into 105 and BUYERS are not showing up.
If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125
If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is underway
I am open to playing PUTS above 124.53
Very hard for me to be bearish unless price starts pushing into 105 and BUYERS are not showing up.
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