I put an order out there to cover with $550 calls, but at a price that would probably happen with a stock price of $520.
Hopefully that will fill maybe today or tomorrow. Then if it does drop, I'll buy back the $550's at a lower price. If not, I've locked in a really nice gain. Seems like a good "middle of the road" kind of idea...
So on th blip down this week, I bought a couple AMZN Oct $500 calls..,.. As of this moment, I'm comfortably in the money and up about 35%.
Should I take the gain and run, or let them go to October thinking the worst is behind us? Should I cover with some say $550 calls and lock in a call spread?
What would you do?
So I have finally come around to the idea of owning AMZN. I want to pick up 100 shares. Obviously, we just saw a big pop in the shares so I'm guessing it will settle back some. How low would you expect AMZN to drop back to? At what level should I place a limit order if I wanted to buy AMZN over the next few weeks?
This stock price has got to be limiting the investor interest to some extent....