You sure know how to sling the bull. Jeff has definitely reinvented the scheme that Ponzi is noted for. Bezos will also go down in history.
It is very likely that AMZN will go below $270 at some point tomorrow. The Opening price is irrelevant. Your put should be sold at anytime that it is in the money or for what ever you can get.
I bought them in two batches of 10 contracts near the open on Wednesday. The second batch was 15 cents cheaper than the first batch but it looks like both were good buys. I often place an offer 10 or 15 cents below the low price for the previous day and AMZN spiked $3 at the open, I got a fill. They are indeed 10/31 contracts and now I am faced with should I sell or should I hold.
I am not sure stops are active in pre and post markets. But I agree it was poor advice to catch a falling knife. Volume has been so high during this decline that I can't believe it is over.
Glad I bought the $300 puts even though I never expected it to go that low. I was just hoping to make 50% but it looks like it will be much better. I paid $635 per contract for 20 contracts. I think there is a good chance that $260 will come next week but my options expire 10/31 so I think I will cash out tomorrow. No use being greedy when you have been given this big of a gift.
You may have time to change that order if it does not include after hours trading. But tomorrow at the open your $310 stop order becomes a "sell at market" order. You will not get $310 but only what the offer price is at the open.
A REALLY missed opportunity. I knew there would be a drop so I bought 30 put contracts today. Glad I did. It may make up almost half of what I lost shorting AMZN in 1998.
If you like high P/E ratios try AMZN. Amazon has never distributed even a penny to stockholders and it has a P/E over 800. They are reporting another loss at 5 PM today.
AT&T is probably buying back shares right now and so am I. It is a steal at this level. The CFO said "Our financial strength allows us to invest while still returning substantial value to shareholders. In fact, since 2012, we have returned more than $50 billion to shareholders through dividends and share buybacks."
I like companies that are run for the shareholder instead of those, like Amazon, that have never returned one cent to the shareholders and are selling stock at 10 times the price of AT&T.
If you used a Discover Card you could just contact Discover and they would take the charges off your account. They have great management.
He may not know everything but he is way ahead of whoever is second. What makes you think VZ is going to tank?
That is probably because weekly options is the place to profit. The large spread is due to the volatility of AMZN.