1-6-17 – Intraday Update 2

1-6-17 – Intraday Update 2

Sold to Open $835/$850 Jan 13 Vertical Call Spread @ $.72 ($720 Credit)

  • Sell AMZN Jan 13 $835 Call
  • Buy AMZN Jan 13 $850 Call

Amazon is nearing a Keltner Top on 4 up days in a row. The DOW is about to hit $20k, and my guestimates are we are going to see a drop once these record highs are hit. $835 is a substantial distance away and I should be able to reclaim 50% return on this with one or two down days next week.

AMZN 1-6-16

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