Going deeper

Markets gave back a little today, we saw that coming a mile away. Nothing can go vertical forever. Now we’ll be waiting on CPI numbers to see the markets reaction

One of the stocks in our Model Portfolio really caught my eye today in the way of Options
It’s AMZN… Even if it wasn’t one we watch or work with it still would of came across my desk because the Options are picking up. They were pretty active today moving forward

AMZN appears to be offering a proper entry here in this 209 area
As always we wouldn’t buy tomorrow if it’s red on the day, we don’t buy when underlying’s are down
Let’s keep it very simple for now

These 3 setups are ranked by conservative to least conservative
All 3 of these set ups are for DEC 20, 2024
1st: Bull Call Spreads at the 210 / 215 are going for 1.27 at the MID
2nd: For investors willing to explore more movement 210 / 220 is 1.61 at the MID
3rd: For investors with a larger risk appetite and willing to take on zero downside protection, Blind Calls at the 210 are 1.71 at the MID
O.I. is 53K
I.V. is 23
Delta is 0.51

AMZN just doesn’t look like it’s trying to form a new box here, not yet at least. It’s looking like a Bull Flag formation, combine that with todays Options activity and we here at theoptionscoach.net are interested in it’s possible continued advance
Funny thing, I’m waiting on 3 different boxes from AMZN as we speak. Hey, sales count!!!!
Tomorrow is another day

The Options Coach