$Amazon.com(AMZN)$ NOV20 255C

$Amazon.com(AMZN)$ NOV20 255C still looks actionable.

Zone: $247.35 to $250.83

Invalidation: close under $247.23

Objectives: $255, then $265

The math works out to roughly 2.4% upside to the first objective and 6.4% to the second, against 0.7% risk at the invalidation level. That's better than 8 to 1 to the second target.

Amazon took a hard slide last week and then flattened out on Monday. It closed at $249.09, slightly higher on the day, after dipping to $247.23 and holding there. Sellers looked like they ran out of steam right at that floor. The setup simply assumes that floor holds and buyers carry the price back toward $255 first, then toward the round $265 level. A close under that Monday low would invalidate the read.

One thing worth noting: earnings land after the close on Thursday, October 29, and this November 20 call expires after that report, so it isn't a single-evening bet on the whole plan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":622844146651880,"tweetId":"622844146651880","gmtCreate":1793066293000,"gmtModify":1793100741904,"author":{"id":9000000000000192,"idStr":"9000000000000192","authorId":9000000000000192,"authorIdStr":"9000000000000192","name":"JackJackson","avatar":"https://static.tigerbbs.com/3f9d9d09b3d77dedfb1d5c351779a212","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":99,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a>NOV20 255C still looks actionable.\nZone: $247.35 to $250.83\nInvalidation: close under $247.23\nObjectives: $255, then $265\nThe math works out to roughly 2.4% upside to the first objective and 6.4% to the second, against 0.7% risk at the invalidation level. That's better than 8 to 1 to the second target.\nAmazon took a hard slide last week and then flattened out on Monday. It closed at $249.09, slightly higher on the day, after dipping to $247.23 and holding there. Sellers looked like they ran out of steam right at that floor. The setup simply assumes that floor holds and buyers carry the price back toward $255 first, then toward the round $265 level. A close under that Monday low would invalidate the read.\nOne thing worth noting: earnings land after the close on Thursday, October 29, and this November 20 call expires after that report, so it isn't a single-evening bet on the whole plan.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a>NOV20 255C still looks actionable.\nZone: $247.35 to $250.83\nInvalidation: close under $247.23\nObjectives: $255, then $265\nThe math works out to roughly 2.4% upside to the first objective and 6.4% to the second, against 0.7% risk at the invalidation level. That's better than 8 to 1 to the second target.\nAmazon took a hard slide last week and then flattened out on Monday. It closed at $249.09, slightly higher on the day, after dipping to $247.23 and holding there. Sellers looked like they ran out of steam right at that floor. The setup simply assumes that floor holds and buyers carry the price back toward $255 first, then toward the round $265 level. A close under that Monday low would invalidate the read.\nOne thing worth noting: earnings land after the close on Thursday, October 29, and this November 20 call expires after that report, so it isn't a single-evening bet on the whole plan.</body></html>","text":"$Amazon.com(AMZN)$ NOV20 255C still looks actionable. Zone: $247.35 to $250.83 Invalidation: close under $247.23 Objectives: $255, then $265 The math works out to roughly 2.4% upside to the first objective and 6.4% to the second, against 0.7% risk at the invalidation level. That's better than 8 to 1 to the second target. Amazon took a hard slide last week and then flattened out on Monday. It closed at $249.09, slightly higher on the day, after dipping to $247.23 and holding there. Sellers looked like they ran out of steam right at that floor. The setup simply assumes that floor holds and buyers carry the price back toward $255 first, then toward the round $265 level. A close under that Monday low would invalidate the read. One thing worth noting: earnings land after the close on Thursday, October 29, and this November 20 call expires after that report, so it isn't a single-evening bet on the whole plan.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/622844146651880","repostId":0,"isVote":1,"tweetType":1,"viewCount":90,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AMZN"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":760,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/622844146651880"}