After the Q-4 it was the second week when AMZN hit bottom. Do you think it will be the same this time?
Next Monday you can buy it back for half that price. The rest of the week AMZN will be zooming up in anticipation of the ER and the price of the option may zoom along with it.
If I recall correctly, AMZN had 6 disappointing ER's then two where the stock moved up sharply then the last one when it dropped sharply. If you want to forecast the outcome on 4/28 you might try flipping a coin. Better still, wait and see before you invest.
I are a small time retail moron and I notice there are 966 open $700 call options that expire 4/29 and they are selling for $4.00 a share. The put options at the $600 level for the same expiration are 830 and they sell for $14.00 a share. Trading in the calls is much more active than in the puts. My guess is my best bet is to wait until the ER before placing a bet.
Actually it was as low as $474 two weeks after the Q-4 report. The high before the Q-4 as $638.06. We will be higher than that on the 28th.
AMZN ran up to $638 and then the Q-4 report came out. Next day AMZN opened at $572 and it went down to $474 on 2/9/2016 before starting back up. My guess is we will get close to $700 by 4/28 but the open for 4/29 is likely to be + or - $60 from there. There will be major dollars made and lost. Only bet what you can afford to lose.
Probably not until the Q-1 report 4/21 or 4/28. Accounting Department must be in an uproar because they still have not announced the date.
Lets face it, we are all fools to mess around with AMZN. Tomorrow when AMZN goes to $610 stkguy will wish he bought some at $604 and Friday, when it closes at $590, he will be glad he didn't.
If they would start paying dividends the stock would quickly climb to $60. Most of the stockholders for pharmaceuticals are doctors and don't need the dividends so they probably won't pay dividends.