TheFibonacciKing

AMZN Options Plays THIS WEEK 7/18 to 7/22

NASDAQ:AMZN   Amazon.com
Watching this week to see if price can get ABOVE 116.61

If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125

If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is underway

I am open to playing PUTS above 124.53

Very hard for me to be bearish unless price starts pushing into 105 and BUYERS are not showing up.


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