People will wake up and reaalize the implication of a "Tax War" (L.A. Times headline today) with the biggest staate and biggest market in the U.S.
$170 or lower.
Bought some puts today. Today's blowoff top is a gift.
Bought some weekly 195 puts and July 180s on spec. Just risking a few hundred dollars, a tiny frac of my funds, but risk/reward looks good. Potential reward appeaars 500% or better if I'm correct. If not, will try later. FYI, I'm long MSFT calls. PE of 10, in uptrend. Could hit $28-29.
It's just noise. For one, the CA tax law is different and will be overturned in court. Also, it is clear that you think AMZN is just an online retailer along with all the other dumb shorts. You should do a little due diligence before you throw your money away. You too will be gone once your puts expire worthless. BTW, sellers of Options usually win the bet not buyers. Happy 4th!
Tax will be paid and amzn will lose business. it is so abvious!!! market traded on small volume .. Next week we will see a different story ... Friday was the best sell short amzn day ... Price will fall