Amazon (NASDAQ: AMZN) opened at $132.51. So far today, the stock has hit a low of $132.40 and a high of $134.59. AMZN is now trading at $133.29, up $2.06 (1.57%). Over the last 52 weeks the stock has ranged from a low of $47.52 to a high of $145.91. Shares of AMZN are rising this morning, getting momentum from a market rally touched off by news that the trade deficit fell to $32.9 billion in October as a weaker dollar boosted exports. Technical indicators for the stock are neutral and S&P gives AMZN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMZN the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 110 range. [ABR-Seven Summits Strategic Investments NewsBite]
What is a bull-put credit spread (referring to trading AMZN)?
09
Mar
kapn
March 9, 2010 at 6:42 am
Buy low ……….. sell high………..