AMZN has frustrated bulls with its chops, the historical patterns though indicated that prior to earnings, the stock tends to drop lower (as seen on those orange dots) yet they are buying opportunities for longs wanting to participate in the possible post-earnings explosive moves (as it has been in the past 2 quarters).
Plan to buy call butterfly of 3250/3350/3450, in addition, one could sell some PCS outside of 1ATR as the company's footprint has been increasingly larger in the Covid era, hence likely good results. The PCS also serves to finance the call butterfly.
Could also consider Call Butterfly of 3300/3400/3500 as a better but more expensive idea.
Plan to buy call butterfly of 3250/3350/3450, in addition, one could sell some PCS outside of 1ATR as the company's footprint has been increasingly larger in the Covid era, hence likely good results. The PCS also serves to finance the call butterfly.
Could also consider Call Butterfly of 3300/3400/3500 as a better but more expensive idea.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.