Mike Khouw said on CNBC's Options Action that he wants to make a bearish bet on Amazon.com
AMZN. He explained that Amazon (
AMZN) tested 200-day moving average earlier and failed to break through it.
Mike Khouw wants to make a bearish bet using weekly options in Amazon (
AMZN). He wants to sell the July weekly 110 for $1.75, and buy the July weekly 115 for $3.15.
This structure would cost him $1.40, and it could be worth $5 at expiration. Amazon (
AMZN) fell 2.92% on Friday, and closed at $118.49.
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AMZNAmazon.com Inc
$186.23-2.09%
Edge Rankings
Momentum
64.44
Growth
94.08
Quality
73.76
Value
49.42
Price Trend
Short
Medium
Long
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