whenever these is this much drop in energy/commodity prices, there's a risk in huge bonds, loans and credit swaps built around energy prices. So be careful. This could be a fire starter.
I'm hoping $269 within a month or so....
They probably put it on auto-pilot with some algorithms. It depends on those algorithms LOL. I know it can fail miserably. So,,, be careful...
I've been buying/trading AMZN puts last 1 and half year. It mean to be a hedge against my long positions and thus I did not mind losing for 2013 but it is turning out to be my biggest gain in 2014.
AFAIK, somewhere between 80% and 90% of floats are owned by institutions or mutual funds.
In other words, the price is decided by Wall Street.
I don't think AMZN ever had this big/long bear run in a bull market.
This is serious correction.
This is longest bear stretch (of 1 year) of AMZN stock since 2007-8. In fact, Amazon never had this long stretch of down turn except nasdaq and housing bubble bursting.
If you think about it, Jeff Bezos doesn't really have much to lose in this betting. His worst case would be to be left with a few billion $ instead of hundred's of billion $.
It's make or break time arriving for Amazon.
Jeff is going ALL in. Place your bet.