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.