Don't get in too deep. AMZN will make a big move after the Q-2 report but only those who control the price know the direction for sure. Guessing wrong can be costly.
All companies use GAAP for their annual report. It is a requirement for being listed. The price of AMZN stock has nothing to do with the real world. Much like Gold, the value of AMZN is all in the heads of the buyers.
My guess I that $500 is very likely when the Q-2 report points out the growth in the cloud application. Amazon is doing an outstanding job for their customers at the expense of their stockholders, and the stockholders love it.
AMZN should crash but it is held mainly by institutions that reap a nice income by selling weekly options. They control the price and will probably take it down slowly. Of course even they can panic and, if they do, it would be an amazing crash.
The Q-2 report is on 7/23 and will cause a boost to nearly $500. That will be the time to buy puts. JMHO
AMZN is up because those who control the price want it up. You are wise to wait until AMZN is down again to buy calls.
tish, tish, You are not being Politically Correct. The states lost there right to independence 150 years ago so the flag did well to survive this long.
It is so obvious that $440 will be the close tomorrow that I don't believe that it will be. It is rare that those who control the price show their hand on Thursday. What do you think?
I suppose that Evercore knows more about it than I do but, for what it is worth, I think they should have waited until after July 23rd when Amazon will report that their Cloud business is booming and everyone will ignore the loss they will report. My guess is that Evercore's $460 target will be exceeded as AMZN gets almost to $500 per share.
I doubt the "surprise profit" but am with you on the 500's due to the hype that will be placed on Amazons position in the cloud and the increase in that area.
Since the market is closed until Monday there is no other choice. It was indeed happy trading today. I made over $10,000 on the puts I bought this morning.
I am amazed that "they" allowed 7000 call options at $425 with $10 value at the close. So much for the Max Pain theory.