Into the AMZN

We were looking for a follow through day today and we got it
Banks took a hit, on the Heat Map you can see none of them had their best day today
It’s okay, they will survive, they have all of the money!

If you read theoptionscoach.net this morning you know that we were fans of going into AMZN today. And AMZN did not disappoint. It closed up 1.32% today but the better part of that is that price not only is holding above $200.00 where we wanted it just a few days ago, it’s now hovering the $210.00 area. What beats all of that is the Options prices are still favorable. In part that’s why I outlined all of the potential trades this morning
 I suspect we will be revisiting those very soon

NVDA goes into the DOW tomorrow. Will it affect it’s price? We will know tomorrow for sure

COST is a name that I only mentioned once and it was about 3 weeks ago I believe. It made a move today. It was already on our Watch List or “Stand By” list for our Model Portfolio. It might be going into rotation sometime soon. COST is a bit pricey at the $900.00 range but the Options make if affordable in the way of offsetting price with verticals.

GRMN seems a little stuck here. I’m not a fan of it’s price movement in the final 3 hours, not sure what that was about, but it did close green on the day up 0.32%

HD did a little bounce back today. That selloff yesterday was not inline with the rest of the price action on the chart. That was nothing but a news event. Those typically have a shelf life of 72 hours. HD bounced back in a day.

Stocks are still a go.. We’re fans of AMZN, NVDA, and HD here…
Tomorrow is another day

The Options Coach