#Premarket Prep Technical Update - Amazon Trading Lower


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Amazon (NASDAQ: AMZN) shares are trading lower by $$0.13 at $288.19 in Friday's session. After finding resistance off the open at $290.84, AMZN began to move lower. The ensuing decline has found temporary support at $284.36. This level coincides with its September 3 low ($284.17).

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: TechnicalsIntraday UpdateTrading Ideas