it will be under 200
reason very poor forecast AMZN will not continue to grow 30% in revenue every year
cloud profit will shrink due to competition
fix operation cost will grow
I am betting again on PUT
Sentiment: Strong Sell
Agree with you. I'll be buying puts as well. Plan on buying them the day AMZN reports. Will load up on puts that are $5 to $10 out of the money. Will buy the weekly puts that expire the day after AMZN reports.
What's you're plan?
bought 240 and writing 230 (cost 2.3) max profit 7.7 (for Feb)
if it continue go up I might buy back my 230 and take the risk