Thursday, October 22, 2009

Amazon Beats and Soars

Amazon reports huge beat and soars after hours. I have been playing the calls on this stock but this is the first month I did not have any open, inadvertently. Congrats to all those who did.

If it clears 113-114 then it goes to 120. This market is toppy so I would take at least 1/4 profits to 1/2 if you are going to let any ride. We are heading into their best month December, but if you are in the calls they could go down after tomorrow when the volatility decreases unless the stock price continues higher. You will have to watch and decide. I would still take some off tomorrow for risk management. JMHO

Side note: Maybe it was all the Apple products they sold.


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