Much more downside risk than upside.
I did an option straddle, as long as it moves 5% either way then I am making money. I am betting the bubble will pop tonight... but I wanted to hedge just in case.
I might buy puts if it rallies to $300 tomorrow after premiums are shaved.
yes by adding an Apple call. If AMZN miss money will flow into Apple. If AMZN makes it APPLE will stay the same. Less risky imo.
I tried that once and got smoked..The Street loves there 0 margin business model.