Shorts are in denial. They're (*&#ed. The longer they wait, the more loss they'll incur. Deep down, they know it, but because they're weak-minded, they can't take a loss and move on.
. . . and making money.
I just bought and sold NFLX calls for a tiny profit.
I will keep fooling around with NFLX and/or AAPL options until AMZN's options settle down a bit. They're just too expensive for my strategy to work easily.
And this time news on Greece that is supposed to be a "definite" positive for the global economy (whatever that is), the market won't have any meaningful bounce.
Hohoho . . .
But you're deeply in the red this year.
(Are you still down over 62.31% YTD?)
Hohoho . . .
optionmaster1: "Apparently, you think AMZN is going to blast past $580 sometime soon after seeing what you saw on Friday."
Where/when did I say that? What I mean by "You ain't seen nothing yet" is that you don't know what you're getting into. You've already started risking more of your money. That's exactly what those who manipulate this stock want people to do. You'll get deeper and deeper into the red before you know it.
emawbig12: "I have Puts riding next week..hope ur right"
Sorry to inform you this, but radmok was predicting a major sell off around 7/6/2015 when AMZN was in her 430's.
By the way, "hope" has no no place in this game.
My prediction for the near future is that AMZN will go sideways for a while, in the range 530 - 560.
We may not see any further decline this Monday morning.
She may open gap-up by $20 around $550.
Oh, oh, shorts are in trouble already?
The European and US stock futures are all flat. Shouldn't they be down 1~1.6% down already if the sky is falling?