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  • viking.trader viking.trader Nov 21, 2012 8:00 PM Flag

    Shorted at $ 230-- Need some input ( I had bought Jan 220 puts at 6.55, now at 4.20 in 2 days)

    But do you strongly think it will go below Sun 230 by Mid Dec

    My only worry is that at @1390 S&P AMZN is $239, if market starts pumping again where will it go?

    Also by Mid Dec my Puts at $230 would be at 5-5.25, due to decay than i would need $225 to break even.

    The only hope is Fiscal cliff talks fear an particulary AMZN realted bad news.

    I am in deep pain, i shorted very early and went full on. Seriously what probability you think it will go below 230 by Mid Dec?

    Sentiment: Strong Sell

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