Dan Nathan's Amazon.com (AMZN) Trade

Dan Nathan said on

that he would like to make a bearish bet on Amazon.com, Inc.

, but he doesn't want to short the stock. He believes that it is better to use options to make that bet, and he is going to buy a put spread. Specifically, Dan Nathan wants to buy the April 170 put for $5.00, and sell the April 150 put for $1.25. This trading strategy would cost him $3.75, and is profitable below $166.25. Dan Nathan said that his maximal profit would be $16.25. Amazon.com, Inc. (

) fell 0.29% on Friday, and it closed at $177.24.