Pre Market NOV 7, 2024

pre market

November 07, 2024

Stocks are still green’sh here in the Pre Market
Many are looking for a continuation or follow through
No massive profit taking seen yet

We’re still liking AMZN here
It’s earnings aren’t until JAN 29, 2025

I looked at Options going out closer to that date but the most attractive ones are at DEC 20, 2024

If an investor is bullish that AMZN is moving forward from here they could look at Bull Call Spreads

Right now AMZN is trading at $207.50 so we are literally starting ATM ( At The Money )
For conservative investors the 207.5 / 210’s are going for 1.08 at the MID
For those willing to take on more risk the 207.5 / 212.5’s MID is 189
And for those that are more risk adverse believing that AMZN has further room to run in a shorter period the 207.5 / 215’s… The MID there is 2.45

For anyone wanting straight risk with zero downside protection there is always Bull Calls
Currently the DEC 20, 2024 ATM 207.5 are going for 3.55 MID
The O.I. there is 8,533
Delta’s are 0.54
I.V. at 26

S+P Support is at 5,910
Time to grind

The Options Coach

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